Rs 1.12 lakh crore outstanding loan with SHGs under DAY-NRLM; 97.17% repayment rate

​“Loans are sanctioned by the banks in the name of SHGs. Distribution of loan to individual SHG members is done by the SHG, which is used by them for various activities,” the minister said in response to a question in Rajya Sabha.

from Economy-News-Economic Times https://ift.tt/3C0m2d2