A National Mission for Financial Inclusion (NMFI), namely, Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Prime Minister across the country on 28th August, 2014. It envisages to provide universal banking services for every unbanked adult in the country.
The objective of this scheme is to provide financial assistance to the sons and daughters of farmers to establish their businesses. the government of Madhya Pradesh provided loans to the bank for all citizens of the state.
The scheme aims to provide adequate and timely assistance from the banks to the handloom sector to meet their credit requirements for term loan & working capital in a flexible and cost effective manner across the country.
“Scheme for Waiver of Loans to Handloom and Powerloom Sector” redeems the debt accrued by the farmers, Self-Help Groups, Weavers, etc., to the Scheduled Commercial Banks/Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh.
The scheme aims to encourage the entrepreneur to set up Silk Weaving Units in Puducherry. This margin money grants will reduce the initial financial burden on the entrepreneurs while availing term loan/working capital loan from the financial institutions for setting up of silk weaving units.
“Establishment of State Semen Bank (Genetic Improvement of Sheep and Goat breeds)” aims at the genetic improvement of sheep/goat breeds through selective breeding by propagation of superior male germplasm through artificial insemination.