Wednesday, May 20, 2020

Street vendor loans may come with subvention

The government is considering a 5-7% interest subvention on loans to street vendors to make the targeted ₹5,000-crore financial assistance scheme popular amid apprehensions that organised lenders would baulk at lending to the bottom of the pyramid.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/street-vendor-loans-may-come-with-subvention/articleshow/75855781.cms

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