Loan scheme for minority communities
The Hindu
Loans up to ₹5 lakh at 6% interest
The Kerala State Minorities Development Finance Corporation has launched a new loan scheme titled 'Sumithram', offering financial aid for various purposes. Loans up to ₹5 lakh at 6% interest will be provided for persons from minority communities for the marriage of their daughters. For medical treatment purposes, loans up to ₹5 lakh will be provided at 5% interest rate. Loans at a similar rate will be provided for those who have lost their livelihood due to COVID-19 and want to start a new business or expand the existing one.
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