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Bengal Govt To Disburse Rs.7,000 Crore Loan At 2% Interest In 2019

Saturday, November 17, 2018, 2:52 PM

To woo the farmers in West Bengal ahead of Lok Sabha elections in 2019, the Mamata Banerjee government has decided to disburse farm loans worth around Rs.7,000-crore at a low interest rate of 2%, state minister Arup Roy said today. The interest rate has been reduced from the existing 4%. The loans would be disbursed through cooperative banks and societies before March next year.
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RBI not recognising stress in the NBFC sector: FinMin sources

Wednesday, October 31, 2018, 6:10 PM

Hours after the government publicly stated that the RBI's autonomy is "essential", sources told that Finance Ministry believes the central bank is not recognising the stress in the NBFC sector. The continuing discomfort of Finance Ministry comes on a day that started with rumours Urjit Patel may resign as RBI governor after the government invoked a rare law to make him toe its line.
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Kerala govt to launch scheme to offer loans at low interest rates

Thursday, June 21, 2018, 6:55 PM

The Kerala government will be launching an ambitious micro-finance programme in the co-operative sector to help people, who were exploited by private financiers charging exorbitant interest rates for loans. The initiative is to help ordinary people who are being exploited by private financiers charging exorbitant interest rates for loans, state Minister for Co-Operation and Tourism, Kadakampally Surendran said in the Assembly today.

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