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Can ngo take loan

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(Querist)
02 July 2012 I want to set up an NGO can I put in my memorandum of association tht my NGO can take loan frm any Centralized bank in India??
Thanks,
Swastik
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
02 July 2012 read information:

https://www.nmdfc.org/micro_financing_schemes_04.htm
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