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Avail loans within 30 seconds: Union Minister to SHGs

4/10/2019 at 7:28 PM

Bhubaneswar: Now, Self Help Groups (SHGs) can avail loans of Rs 50,000 within 30 seconds, said Union Petroleum and Natural Gas and Steel Minister Dharmendra Pradhan today.

“Under the leadership of Prime Minister Narendra Modi, banking sector is becoming people friendly. People can now avail Mudra loans in 30 seconds,” said Pradhan at the launch of customer outreach initiative, ‘Grahak Mela Camp’.

The mega customer outreach initiative was organised by Department of Financial Services of Ministry of Finance, Government of India aimed to will provide easy access to credit and other banking facilities and also enrol customers in various social security schemes.

“Bank loans of around Rs 2 lakh crore have been issued in Odisha, including Rs 36000 crore to SHGs and over three crore people have now access to banking services,” said Pradhan.

To make the economy more vibrant and further boost economic growth the Central Government recently infused Rs 70,000 crore in State-owned banks to provide finance to common people, the Minister added.

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