Microfinance News Digest

Jairam Ramesh proposes Bank for Women and Cheaper loans to SHG’s – News Digest

The government is planning to bring the interest rate on bank lending to self-help groups (SHGs) at par with the rate for crop loans to farmers, besides setting up a dedicated national bank for women SHGs.This was announced on Monday by the rural development minister Jairam Ramesh. FE

Jairam Ramesh Microfinance

Jairam Ramesh - Minister for Rural Development

SMILE Microfin to raise up to Rs 250 cr through term loans
SMILE Microfinance Ltd, a Tamil Nadu-based micro finance institution (MFI), plans to raise up to Rs 250 crore through term loans from banks and finance companies for its lending business in the current financial year. BS

Youth SHGs get seed money
The Repco Foundation, a sister concern of the Repco Bank, in association with Puthiya Thalaimurai Trust of the S R M group on Wednesday disbursed seed loans worth Rs 1.25 crore to 58 youth Self Help Groups as part of their micro finance programme. CNN-IBN

Nabard help for 4.32L self-help groups
RANCHI: The National Bank for Agriculture and Rural Development (Nabard) has plans to support 4.32 lakh self-help groups (SHGs) in Jharkhand and provide financial assistance of more than Rs 6,551 crore to farmers. TOI

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