Loan scheme for State’s financial rejuvenation
The Hindu
To overcome crisis following pandemic outbreak
Finance Minister K.N. Balagopal has announced a financial rejuvenation loan scheme to be formulated using primary cooperative societies and commercial banks to overcome the crisis due to COVID-19. The interest part will be borne by the State and the potential of NABARD’s refinancing schemes and the loan packages announced by the Centre and the Reserve Bank of India will be utilised. The scheme will have three components — Cooperative Initiative for Agriculture Infrastructure in Kerala (CAIK), loan scheme for labour enterprises, and loans to Kudumbashree neighbourhood groups.
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