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Government planning an easy credit scheme for rural households

Government planning an easy credit scheme for rural households

Wednesday, April 19, 2017, 11:49 AM

The government is redrawing a micro-credit programme to help pull rural households out of poverty. The proposal is to lend up to Rs 1 lakh per family in the next three to five years, with the loans coming collateral-free and with subsidised interest rates. We have simplified the process for accessing loans, said rural development secretary Amarjeet Sinha.
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