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SC/ST Bank sought on lines of Mahila Bank

IANS  |  New Delhi 

The All Confederation of SC/ST Organisations -- Parisangh -- urged Prime Minister Modi to open a separate with a capital of Rs 1 lakh crore to help Dalit and tribal entrepreneurs.

Parisangh Chairperson Udit Raj said continuous attempts were being made to finish off reservation.

He said a seperate for SC/ST (Scheduled Caste and Tribes) would help in reducing surplus liabilites on the private and public banks due to the demonetization of Rs 500 and Rs 1,000 notes.

"The cost of lending will come down due to demonetisation. It will be beneficial to the economy if a SC/ST with a capital of Rs 1 lakh crore is created as a public sector on lines of the Mahila Bank," Udit Raj said.

The BJP MP said this would enable low cost lending to SC/ST entrepreneurs.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 20:38 IST