NEWS & ADVICE : HOME LOANS
The Indian Finance Minister urges SHGs, farmers to make the most of the loans
By Joseph Samson
Aug 19, 2013
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Mr. Chidambaram, the Union Finance Minister today urged the self help groups, entrepreneurs and farmers to avail credit facilities for their commerce and farming requirements. During the inauguration of the 1,762nd Dharmapatti branch of Corporation Bank, said that even almost wealthy businessmen were operating their trade or industry only by availing credit facilities from banks and added that they are investing one share of their personal money and five shares of the borrowed money to begin or run the trade. The Home Minister called upon the self help groups and farmers ought to take advantage of the loan facilities offered by banks to run their business and emphasized the importance of focus, determination and capital to come up in life. Funds can be had in the form of a loan from banks, whereas the other behavior one ought to develop, said the Finance Minister.


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