The finance ministry is pulling out all stops to further financial inclusion. The ministry has asked banks to tie up with NGOs as business correspondents in a pilot project to lend to self help groups (SHG). As a result lending rate for SHGs may go up, reports CNBC-TV18's Gopika Gopakumar.
The finance ministry is looking at newer ways for financial inclusions. The ministry has proposed a pilot project where by banks will tie up with NGOs to offer help to SHGs. As business correspondents, NGOs will be responsible for borrowers
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