Larger loans for tribals should be given priority; disbursed through Gramin Banks
Updated: Jun 10, 2014 11:42:58am
New Delhi, Jun 10 (KNN) In a move to improve financial inclusion at the grass root level, the Ministry of Tribal Affairs has said that loans of larger amount and in areas of high value return should be given priority and these should be disbursed through Gramin Banks, so that it reaches the tribal people.
While addressing a meeting of senior officials of the Ministry and National Scheduled Tribes Finance and Development Corporation (NSTFDC), Minister for Tribal Affairs Jual Oram emphasized that NSTFDC should focus more on and encourage individual entrepreneurial development among tribal people particularly tribal youth.
“Loans of larger amount and in areas of high value return should be given priority and these should be disbursed through Regional Rural Banks (RRBs) commonly known as Gramin Banks so that it will reach tribal people at grass-root level,” the Minister added.
He further said, while extending loans, viable income generating schemes in agriculture and allied sectors, which are traditional means of livelihood for tribal people, such as dairy, poultry, piggery, aquaculture, goat rearing, horticulture, land development and minor irrigation projects, fishing vessels should be kept in mind.
In the industrial sector, bamboo and cane furniture making, flour/rice mills, stone crushing units, tea processing, cattle and poultry feed units, tamarind and other minor forest produce packaging, broom and ‘chatai’ making should be encouraged, he suggested.
In the Service and Transportation sector, loans be sanctioned liberally for automobile repair, grocery shop, dhaba and restaurant, readymade garments, electrical repair, auto-rickshaw and goods carrier etc, he said. (KNN/SD)
While addressing a meeting of senior officials of the Ministry and National Scheduled Tribes Finance and Development Corporation (NSTFDC), Minister for Tribal Affairs Jual Oram emphasized that NSTFDC should focus more on and encourage individual entrepreneurial development among tribal people particularly tribal youth.
“Loans of larger amount and in areas of high value return should be given priority and these should be disbursed through Regional Rural Banks (RRBs) commonly known as Gramin Banks so that it will reach tribal people at grass-root level,” the Minister added.
He further said, while extending loans, viable income generating schemes in agriculture and allied sectors, which are traditional means of livelihood for tribal people, such as dairy, poultry, piggery, aquaculture, goat rearing, horticulture, land development and minor irrigation projects, fishing vessels should be kept in mind.
In the industrial sector, bamboo and cane furniture making, flour/rice mills, stone crushing units, tea processing, cattle and poultry feed units, tamarind and other minor forest produce packaging, broom and ‘chatai’ making should be encouraged, he suggested.
In the Service and Transportation sector, loans be sanctioned liberally for automobile repair, grocery shop, dhaba and restaurant, readymade garments, electrical repair, auto-rickshaw and goods carrier etc, he said. (KNN/SD)
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