NIC Bank has disbursed a total of Rs 438 million worth of loan for micro-finance lending under its Deprived Sector Lending Programme. Micro-finance lending helps support people at the bottom of the pyramid by providing seed capital for micro enterprises or farming or other income generating activities. These loans which are capped at a maximum of Rs 60,000 per individual are given without security. NIC Bank provided these loans through micro-finance intermediaries operating in rural areas.
Through the bank's conscious diversification of its deprived sector portfolio among the geographically scattered micro finance intermediaries, the bank has benefited about 22,000 families for getting access to the services. NIC Bank is exploring opportunities to finance renewable energy, micro and Pico hydro-power, agribusiness and rural tourism for the development of the economy to uplift the standard of living in the rural community.
No comments:
Post a Comment