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Centre to set up Nabard subsidiary for easy loans to SMEs
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SME Times News Bureau | 18 Feb, 2015
The central government is planning to set up a subsidiary of the central agricultural bank Nabard to facilitate easy loans for skilled rural people either for educational pursuits or small entrepreneurship, a minister said Ranchi on Tuesday.
"There is a problem of availing loans from public banks and the process of loan disbursement should be simplified," Union Minister for Rural Development, Drinking Water, Sanitation and Panchayat Chaudhary Birender Singh said here at a CII event.
The minister said after a person acquires skills under government initiatives like the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDUGKY), he may find it hard to arrange for finances, which limits the scope of implementation of such initiatives.
The rural skilling programme DDUGKY, launched by the Centre Sep 25 last year, aims to train a million rural youths aged 18-35 by 2017.
Singh said since the majority of the problems pertain to rural area, the subsidiary needs to be under the Nabard which will ensure effective monitoring.
"The central government is considering this proposal and may soon come up with the initiative to ease the loan process," the minister said.
Regarding skilling up of the country's rural workforce, the minister said besides the central and state governments, private enterprises should also come up with initiatives.
They should help people acquire skills by conducting programmes aimed to provide employment to the poor in the villages, he added.
"These star companies (enterprises) can hire them after completing the skilling programmes," he said.
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10lac Hotel loan in HP
Yash | Sat Feb 28 12:01:46 2015
I want loan of rs10lac to complete my hotel building at karsog near shimla.
My id 007ythakur@gmail.com
Agri base loans
SWAPNIL C. NARINGREKAR | Wed Feb 25 05:31:34 2015
Govt try to give agro loans in a Single Window& focuse in rural area
Financing the Tribal poor
Dr Mrs Sushma Joiya Pandit | Tue Feb 17 15:51:16 2015
Integrated Congress of Women Entrepreneurs in collaboration with MSME Development Institute trained the Tribal Rural Ladies of Village Toomri, Kesli Block, District Sagar
Nabard, Lead Bank, Project Manager NRLM were present during the entire training. Government of India spend Rupees SIXTY Thousand on this Product Oriented Training
Practical Training was remarkable. NABARD was approached for financial help to Tribal Ladies. Nothing has happened. Prime Minister Sir, is kindly requested to investigate as to why financial assistance was not provided to them when sales guarantee was taken by a National TRUST.
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