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Thakur seeks hassle free credit facility under central schemes

Press Trust of India  |  Shimla 

Thursday met Union Minister Jaitley and sought his intervention in ensuring easy and hassle free credit facility for target groups under various central schemes, an said.

The apprised the minister that State Cooperative Banks have not been made member of lending institutions under Trust for and (CGTMSE) and (SFAC). And due to this potential entrepreneurs are not getting collateral free loans facility under various flagship programmes like MUDRA, PMEGP, NRLM, NULM etc under the Centre.

Thakur requested for personal intervention in the matter to ensure facilitating easy and hassle free credit facility under various central schemes to the target groups through Cooperative Banks.

The CM said that this would not only help the Cooperative Banks in expanding their credit portfolios but also go a long way in generating employment, creating livelihood as well as growth and diversification of agriculture and agro-based industries due to the hassle free credit advancement and collateral free credit facility.

Jaitley listened to the demands of the and assured to provide all possible help in these matters.

Thakur also urged for intervention regarding persuading the to continue to fund the Integrated Development Project for source sustainability and climate resilient rain fed agriculture (IDP) as a separate project.

He informed that IDP and Forest for Prosperity (FPP) were merged taking the view that both projects were being implemented by same department and have contiguous objectives and outcomes.

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

First Published: Thu, November 08 2018. 22:25 IST
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