The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Need to form social microfinance institutions to offer loans to small industries- Gadkari

by TLN Team August 2, 2020
written by TLN Team August 2, 2020
Need to form social microfinance institutions to offer loans to small industries- Gadkari

“Loan up to Rs 10 lakh can be given through microfinance institutions. It will give a boost to trade and help the economy go grow at a faster pace. We are making all efforts for this” said Nitin Gadkari, Union Minister for Road Transport, Highways, and MSME while addressing chartered accountants of North India through video conference.

Gadkari also said that there is a need to form social microfinance institutions to offer loans to small industrial units.

He said that due to the pandemic of COVID-19, the economy has faced huge losses, even people are nervous and have fear in their minds.

“It is our duty to bring people out of nervousness and fear. Together with self-confidence, we should tackle the situation and move ahead,” he suggested. He said that the country had faced several natural calamities and the country has emerged out of such situations.

“The pandemic will last for a long duration. We have to make a habit to live with it and keep a positive mind with self-confidence,” he said. Milkmen, vegetable vendors, cobblers, and small traders in remote villages and tribal areas should get financial help through microfinance institutions.

“Reserve Bank of India should give permission for such microfinance institutions which can give loan from Rs 5 lakh to Rs 10 lakh. A chartered accountant should take the responsibility to monitor such microfinance institutions” he said.

“To make self-reliant India, one has to become self-reliant. We have to bring the change with the latest technology, skill development, new innovations, available market in the country. If foreign investment comes, it will boost the economy of the country and they will also get good returns,” Gadkari pointed out.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Liquor being sold on road in many parts of city
next post
Consumer form asked Naharika motors to pay Rs 20K to a woman customer

You may also like

India’s first plant protein cluster making country a...

July 5, 2022

VIA LEW Masterclass on “How to be Pitch...

July 4, 2022

Butibori Manufacturers Association to observe no-honking day on...

July 2, 2022

VIA to organise “Plant Based Foods Export” Workshop...

July 2, 2022

Withdrawal of GST exemption on Room Tariff will...

June 30, 2022

VIA-LEW organized program on Recent changes in Income...

June 30, 2022

Seminar on amendments in GST and compliances in...

June 30, 2022

GST new rates, check list of items, services...

June 30, 2022

Isha Ambani to become chairman of Reliance conglomerate’s...

June 29, 2022

Power Deptt, Adani group sign MoU, Generation of...

June 28, 2022

Trending News

  • Rahul Narvekar is new Mah Assembly Speaker

    July 3, 2022
  • India logs 17,070 new COVID cases in last 24 hours

    July 1, 2022
  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

August 2020
M T W T F S S
« Jul   Sep »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.