New Gharouni Act in UP to provide loans for building houses in rural areas
Once this law is notified, villagers will be able to obtain bank loans for building houses. Amendments to ownership records on residential land will also be possible.
Once this law is notified, villagers will be able to obtain bank loans for building houses. Amendments to ownership records on residential land will also be possible.
The scheme, in 10 years of its launch on April 8, 2015, has reshaped India’s entrepreneurial landscape, drawing global recognition as a model for financial inclusion.
Masses are inclined towards purchase of consumer durables through loans, with the home appliances loans rising from just 1% in 2020 to 37% in 2024, a recent survey said.
The study by Paisabazaar analysed the credit data of 3.7 crore consumers across India.
In reply to Governor Banwarilal Purohit, Bhagwant Mann said the AAP government raised a loan of Rs 47,107 crore between April 2022 and August 2023.
Member of the Board of Directors and Additional Chief Secretary Social Justice and Empowerment Nisha Singh and other senior officials were present in the meeting.
In a Right to Information or RTI response to activist Saket Gokhale released on Tuesday, the RBI said that outstanding loans amounting to Rs 68,607 crore taken out by the 50 firms have been written off till September 30, 2019.
A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Vijay Mallya as part of efforts to recoup around GBP 1.145 billion of unpaid loans from him.
The RBI made it clear that this will not affect the credit history of people and neither will it let to asset classification.
So far, about Rs 1,574 crore has been disbursed to sugar mills under various assistance schemes.
