Banks to give loans worth ₹11,168 crore: FM
The Hindu
Most of the banks have announced festival offers at concessional rates of interest and waived processing charges, says Nirmala Sitharaman
Banks have sanctioned loans of ₹11,168 crore to about 2 lakh borrowers under the credit outreach programme, FM Nirmala Sitharaman said.
Under this, banks have been holding special camps to sanction loans to eligible borrowers.
Most of the banks have announced festival offers at concessional rates of interest and waived processing charges.

Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.












