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Yearly Archives: 2015

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  2. 2015

DRI loan Scheme for low income groups

Loans and advances, Priority Sector AdvancesBy Surendra NaikJanuary 2, 201517 Comments

DRI loans scheme (also known as DIR loan scheme) was introduced in the year 1972 to financially assist chosen low income groups. The loan scheme envisages lending by banks to weaker section of the society at a uniform concessional rate of interest of 4% per annum. The borrowers under this category of loan are rural…

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