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Low-interest loans for every family during festive season: Govt.


Thursday, 17 December 2020 04:09
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PMD says loans must be repaid within 10 months 
The Government has decided to provide low-interest loans for every family in view of the upcoming festive season.
President’s Media Division (PMD) said the loans were expected to be provided with an interest rate of 0.625% under three categories.
Thereby, people with a monthly income of Rs. 50,000 or beyond will be able to obtain a loan of Rs. 50,000.
People who earn a monthly income between Rs. 25,000 and Rs. 50,000 will be provided a loan worth Rs. 25,000.
Those with a monthly income below Rs. 25,000 will accordingly be able to take a loan of Rs. 10,000. ....

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