Madhu Kumar
11 साल 4 महीने पहले
People often depends on private money lenders and Chit funds for loans and other financial needs, where they will be cheated or charge exorbitant rate of interest. Same time habit of saving is very poor in low and medium income families.To resolve this issue the Government (with participation of people) initiate micro level financial institutions to promote (i) Savings (ii) advance loans at reasonable terms and (iii)to promote small scale industry/ business by self help groups
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