Daijiworld Media Network - New Delhi
New Delhi, Mar 13: The government has directed banks to design low-interest loan schemes targeting retail borrowers, micro and small enterprises, and explore credit options for tribals who may lack collateral.
According to sources familiar with the matter, banks are expected to submit their proposals by the end of this month, with implementation slated for the start of the next financial year.
“Banks have been asked to examine a variety of loan schemes and enhance existing models such as Grameen Credit Score and Stand Up India,” the sources said, signaling a push to broaden financial inclusion and support underserved sectors.