The government will soon provide loans at a subsidised rate of 7% to women's self-help groups (SHGs) under the National Rural Livelihood Mission (NRLM) to promote self employment among rural womenfolk.
"Under the current plan, the total expenditure in the current year will be around Rs 1,650 crore, of which Rs 1,400 crore will be borne by the central government and the remaining Rs 250 crore by the respective states," rural development minister Jairam Ramesh said on Monday.
Currently, a total of 25 lakh such women's SHGs across the country access loans at rates ranging from 11.5% to 14%.
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