RBI to provide loan to women with a low interest rate
By Neelima Shankar
Nov 20, 2013
Print    Email    RSS   

Reserve Bank of India’s head personnel Raghuram Rajan has announced to provide loans to women of self help groups. Here RBI’s head instructed to charge a rate of 7 percent per annum behind this loan and to get a subvention of interest rate under the scheme of Swarnajayanti Gram Swarojgar Yojana-Aajeevika.

The source also informed that this loan will be available to all the Public Sector banks of India. Now the Rural banks of India need to provide this loan in the mentioned interest rate. It is believed that , through this step, Government will be able to reduce the rate of poverty in India. This availability of women’s loan in such a low rate of interest will bring out more self work opportunities for Indian women.

This scheme will help to increase the Livelihood mission of the Indian government and will give a flow to this mission. It will also bring a sense of strong financial support to the poor, especially to women.RBI has informed that this low rate of interest in loan will cover the poor families of 150 districts of India.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Credit profile and its effect on loan...
Things you should know while filing income...
Carnival of Indian Personal Finance Blogs #2
Recurring deposits: to the benefit of the...
Carnival of Indian Personal Finance Blogs #3

Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive