Dec 7: Implementation of Interest subvention Scheme of Ministry of Social Justice & Empowerment, Government of India –Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS) Yojana for financial empowerment of economically marginalized OBC/SC SHGs & Individuals got a major boost with the signing of Memorandum of Agreements (MoAs) by National Backward Classes Finance & Development Corporation (NBCFDC) and National Scheduled Castes Finance and Development Corporation (NSFDC) with Central Bank of India a premier and leading Public Sector Bank.
The scheme will benefit OBC/SC SHGs with loans/borrowings up to Rs.4.00 Lakh and OBC/SC individuals with loan/borrowing up to Rs.2.00 Lakh with a quick interest subvention benefit of 5% directly into the standard accounts of borrowing SHGs/beneficiaries.
MOA was signed by Shri V K Mahendru, Field General Manager, on behalf of Central Bank of India & Smt Anupama Sood, General Manager (Projects) on behalf of NBCFDC & Shri Devanand, Chief General Manager on behalf of NSFDC in the presence of Shri. K. Narayan, Managing Director NBCFDC /Chairman cum Managing Director NSFDC. The scheme is expected to benefit many entrepreneurs on a pan India basis.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.