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As per the data provided by Public Sector Banks, more than 12 lakh loans have been extended in rural areas across the country, after the Covid period i.e. from April, 2020 to November, 2022. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today. The Minister also stated that setting up of industries is a State subject. However, the Minister further stated that banks provide credit to youths for setting up indus
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FAQ :
More than 12 lakh loans were extended in rural areas across the country.
The data covers the period from April 2020 to November 2022.
The information was provided by the Union Minister of State for Finance, Dr Bhagwat Kisanrao Karad, in a written reply to the Lok Sabha.
Yes, banks provide credit to youths for setting up industries across the country, including rural areas.
Credit-related matters, including interest rates, have been deregulated since April 2010 and are governed by each bank's own lending policies.
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