CM Rupani inaugurates ‘Big Banks of Small People’ to offer monetary assistance to small businesses

Gujarat Chief Minster Vijay Rupani today virtually inaugurated 15 branches of Jana Small Finance Bank of Gujarat from Gandhinagar. Self-employed people will be able to contribute in realizing the dream goal set by our Prime Minister Narendra Modi of making India a five trillion-dollar economy by getting loan from such banks.

Rupani said that bank which gives small amount loans to individuals associated with small business without IT return, mortgage or GST number is the need of the hour. It is necessary that such credit reaches to such small business owners to make the country’s economy a five trillion-dollar economy.

The Chief Minister suggested that the Jan Small Finance Bank, functioning as the largest bank for such small business owners in the state, to cooperate in the schemes of the state government in providing financial assistance to the common man.

In this regard, CM expressed his expectation of the bank’s cooperation in providing financial assistance to women’s groups under the Mukhyamantri Mahila Utkarsh Yojana.

Rupani further added that, 2.5 lakh people of the state have got credit of Rs. 2500 crore under Atmanirbhar Gujarat Yojana. Applicants have got a loans of Rs. 1 lakh at 2% interest and Rs. 2.5 lakh at 4% interest. The state government has given 6% and 4% interest subsidy respectively.