INSUBCONTINENT EXCLUSIVE:
The second phase of 'Loan Mela' will be held in 150 districts, starting from October 21.
Banks will
organise the first phase of "loan melas" in 250 districts starting from Thursday
An outreach programme initiated by government banks, the "loan melas" are aimed at meeting the demand of borrowers during the festival
In a period of four days starting October 3, agriculture, vehicle, home, education and personal loans will be sanctioned to retail customers
as well as micro-small and medium enterprises (MSMEs) on the spot
The second phase of "loan melas" will be held in 150 districts, starting from October 21
Here are 10 things to know about "loan melas":''Loan melas'' will be held in 's hamiyanas' (tents) and will provide a
one-stop destination for MSMEs, small retail businesses and end customers to access all bank services, especially loans in auto, home,
official said.Prudent financial norms and due diligence will be followed by public sector banks while disbursing loans, the official
payment methods to encourage consumers and merchants to increasingly shift to these payment modes, the sources said.Banks including State
sector banks, non-banking financial companies, housing finance companies, micro finance institutions, the Small Industries Development Bank
banks to hold "loan melas" in 400 districts to provide credit to desirable shadow banks and retail borrowers.Grappling with six-year low
would result in 12 public sector banks in the system instead of 27, in a bid to strengthen the financial system and push economic
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