Source: The Economic Times, Apr 19, 2017
NEW DELHI: 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… We are getting into the details of livelihood each house can undertake so that the money can be lent accordingly,” said rural development secretary Amarjeet Sinha. Read the rest of this entry »