Rs.4.69-crore loan disbursed in Pudukottai
by sabitha[ Edit ] 2010-03-12 09:42:36
PUDUKOTTAI: Loans to the tune of Rs. 4.69 crore were disbursed at a function got up by Indian Overseas Bank here on Wednesday.
Members of 229 self-help groups got Rs.3.41 crore; 82 auto-rickshaw drivers got a loan of Rs. 1 lakh each for the purchase of auto-rickshaws; farmers were sanctioned agricultural loans totalling Rs.25.54 lakh under the IOB – Green Credit Yojana scheme; a sum of Rs.20 lakh was sanctioned under the IOB-Urban Horticulture Yojana scheme. This apart, six students got loans for purchase of lap-top.
Speaking after distributing the loans, Nupur Mitra, Executive Director of Indian Overseas Bank, said that the loans for the purchase of auto-rickshaws was sanctioned without any collateral security. The bank had entered into a memorandum of understanding (MoU) with Balaji Auto and TVS Motors in Pudukottai.
The loans were sanctioned under the Credit Guarantee Trust scheme for the Micro, Small and Medium Enterprises.
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