Finance Minister issues loan sanction letters worth Rs 1,500 Crore to Kota, Bats for Women Empowerment


The finance minister urged women involved in livestock farming to form self-help groups and focus on storage and exports. She encouraged more and more women to take advantage of the loan facility offered by NABARD.

Finance Minister Nirmala Sitharaman on Sunday announced the distribution of sanction letters worth Rs 1,500 crore. Sitharaman was speaking at the Credit Outreach Program in Kota, Rajasthan. The FM said that 2,363 street vendors will be eligible for loans worth Rs 3 crore under the PM SVANidhi initiative. Loans will be provided to street vendors, small entrepreneurs and cattle breeders without recourse to mortgages.

FM pointed out that 7,000 people in Kota will benefit from the loans under the scheme. Mudra loans worth Rs 40 crore will be sanctioned to over 3,700 people under Mudra Yojana. Rs 2 crore will be sanctioned for 20 people in branches to support startups.

Sitharaman said the initial breeding loan target in Kota was Rs 10 crore. However, the target has been revised to Rs 68 crore – 9,000 people will receive personal loans worth Rs 700 crore. These include credit penalties for tractor purchases, home repairs and more.

The finance minister urged women involved in livestock farming to form self-help groups and focus on storage and exports. She encouraged more and more women to take advantage of the loan facility offered by NABARD.

Lok Sabha spokesperson Om Birla also addressed the assembly during the credit awareness programme. “Self-help groups of women, kiosk owners and skilled workers are benefiting from the Mudra program,” the Lok Sabha spokesperson said. The speaker said that having seen the plight of farmers and labourers, they need credit at low interest rates to free themselves from the chains of loan sharks.

First post: January 8, 2023 2:55 p.m. STI


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button