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Grameen Credit Score to service recognition needs of aforesaid assistance groups.
Finance Minister Nirmala Sitharaman Saturday announced Grameen Credit Score, a model to beryllium developed by the nationalist assemblage banks for the recognition needs of the members of Self Help Groups (SHGs) and radical successful agrarian areas.
“Public Sector Banks volition make a ‘Grameen Credit Score’ model to service the recognition needs of SHG members and radical successful agrarian areas,” she said successful her speech.
The announcement is important successful presumption of spot cards being distributed nether the Centre’s SVAMITVA Scheme, which are expected to spur recognition request successful agrarian areas.
On January 18, Prime Minister Modi had said that these cards, erstwhile issued successful each the villages of the country, volition unlock economical enactment worthy implicit `100 lakh crore.
“There are much than 6 lakh villages successful our country. Nearly fractional of these villages person been surveyed by drones. After getting ineligible documents, lakhs of radical person taken loans from banks connected the ground of their houses and property…,” Modi said.
Commenting connected the announcements made successful Union Budget 2025-26, Union Agriculture Minister Shivraj Singh Chouhan said, “Rural recognition people has besides been announced successful the budget. If the recognition people of women associated with self-help groups is declared, they volition beryllium capable to easy get much loans from banks.”
Sitharaman besides announced that India Post volition besides beryllium transformed arsenic a ample nationalist logistics organisation. “India Post with 1.5 lakh agrarian station offices, complemented by the India Post Payment Bank and a immense web of 2.4 lakh Dak Sevaks, volition beryllium repositioned to enactment arsenic a catalyst for the agrarian economy… India Post volition besides beryllium transformed arsenic a ample nationalist logistics organization. This volition conscionable the rising needs of Viswakarmas, caller entrepreneurs, women, self-help groups, MSMEs, and ample concern organizations,” she said.
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Announcing enactment for the National Cooperative Development Corporation (NCDC), Sitharaman said, “Our Government volition supply enactment to NCDC for its lending operations for the cooperative sector.”
She allocated Rs 500 crore arsenic Grant-in-aid to National Cooperative Development Corporation (NCDC) for strengthening of Cooperative Sugar Mills. Under this scheme, the Centre is giving a assistance of Rs 1,000 crore to NCDC successful 2 instalments of `500 crore each to NCDC for providing loans up to `10,000 crore to cooperative sweetener mills.
Harikishan Sharma, Senior Assistant Editor astatine The Indian Express' National Bureau, specializes successful reporting connected governance, policy, and data. He covers the Prime Minister’s Office and pivotal cardinal ministries, specified arsenic the Ministry of Agriculture & Farmers’ Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His enactment chiefly revolves astir reporting and argumentation analysis. In summation to this, helium authors a play file titled "STATE-ISTICALLY SPEAKING," which is prominently featured connected The Indian Express website. In this column, helium immerses readers successful narratives profoundly rooted successful socio-economic, political, and electoral data, providing insightful perspectives connected these captious aspects of governance and society. ... Read More
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