Non-performing assets (NPAs) of self-help groups (SHGs) have gone down to 1.8 per cent, Union Rural Development Minister Giriraj Singh said on Tuesday and called upon banks to provide incentives to those having NPA of less than one per cent. Speaking at an event here, Singh said NPA for self-help groups was 9.58 per cent in 2014. “NPA has come down to 1.8 per cent as I speak…,” he said.
Singh stressed that loans given to those in need do not become NPA.
“When I was the Cooper ..
The minister said that a waiver of three per cent will be given on the interest being paid on loans. He also urged banks to provide incentives to those who have NPA of less than one per cent.
Singh was speaking at a gathering after launching “Sangathan Se Samridhhi – Leaving No Rural Woman Behind”, a national campaign aimed at mobilising 10 crore women from eligible rural households into self-help groups.
The minister said that in 2014, only 2.35 crore women were part of self-h ..
Source : https://tinyurl.com/uxb5w6sv
