Bank Loan Fair English news | Bank Loan Fair, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Lokmat News NetworkAurangabad, Sept 5:Union ministry of finance under the Financial Assistance Abhiyan on the occasion of the Aazadi ka Amrut Mahotsav, 78,824 persons in the state will be disbursed Rs 2,824 crores as loan. Of which, Rs 925 crores was disbursed to 24,000 persons in the Aurangabad district by union minister of state for finance Dr Bhagwat Karad and district collector Sunil Chavan here in a Bank Loan Fair organised at Sant Eknath Rangmandir on Monday. Executive Director, Bank of Maharashtra A B Vijayakumar, General manager of Bank of Maharashtra Vijay Kamble, member secretary of State level Banks Committee R D Deshmukh, Bank of Badoda’s T M Mini, Maharashtra Rural Bank president Milind Gharad, General Manager of State Bank of India Marry Sagaya, BoM divisional manager Mahesh Dange and others were present.Loans from Rs 3L to Rs 11 Cr disbursedIn the loan fair, loans were disbursed to individuals, self-help groups, industries, food processing, agriculture, personal, Mudra Loan and other types. A total of Rs 925 crores loans were disbursed in a day. In the Congress period, there was no such transparency in the disbursement of loans, he alleged.Loan Melas are held for political gainsTraining his gun on the union minister of state (MoS) for finance Bhagwat Karad, the MP Imtiaz Jaleel alleged, “Loan Fairs are being conducted to gain political mileage. The loans are being disbursed to the activists. Hence, it is apparent that out of the loan of Rs 2,900 crore, the recovery would not be more than 20-30 per cent.” The Bankers Association had opposed to such type of loan melas and mentioned in their complaint that the union minister has conducted similiar type of fairs in past, said the MP.Banks will be in dangerEven during the Congress regime, such type of loan fairs were organised and loans were disbursed in large numbers. The present prime minister and the finance minister then opposed it throughout their lives. Today, the loans disbursed in the presence of their photos. The big industries dupes the banks and the politicians are compelling the banks to give huge loans. As a result, the banks will be in danger.Devidas Tuljapurkar, MSBEF general secretaryShow loans are given to activistsThe loans disbursed are for the purpose of higher education in foreign countries, to the self-help groups, self-employment and industries. Loans were disbursed to 73,000 people from one place, which is a honour for the city. This is a government initiative, and not a single person from the party was on the stage. The opponents should show if the loans are given to any BJP activist.Dr Bhagwat Karad, MoS (finance)

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Asia Cup 2025

Navratri 2025

Maharashtra News

Mumbai Local

Weather Update

Mumbai Rains

Bank Loan FairFOLLOW

Bank loan fair, Latest News

Mumbai :Mumbai Bank Offers ₹1 Lakh Zero-Interest Loans to Ladki Bahin Yojana Beneficiaries

As the Ladki Bahin scheme encounters challenges, Mumbai Bank has stepped forward with a new initiative to assist women ... ...

National :RBI Repo Rate: What is This ‘Repo Rate’ Everyone’s Talking About? And Why Does Your EMI Go Up Because of It?

The Reserve Bank of India (RBI) conducted its Monetary Policy Committee meeting today and decided to keep the repo ... ...

Business :Planning to Take a Personal Loan? Here's What You Need to Know First

In recent years, personal loans have become increasingly common, with more people opting for them over other forms of ... ...

Aurangabad :Loans worth Rs 925 Cr disbursed in a day

Lokmat News Network Aurangabad, Sept 5: Union ministry of finance under the Financial Assistance Abhiyan on the occasion of ... ...