Business Loan:- Many important schemes are implemented through the government for the economically weaker sections of the society and women etc. Through these schemes, loans are given to the youth of such components to set up business. In the same way, if we look at the Mahatma Phule Backward Development Corporation, Sant Rohidas Charmogar and Charmakar Development Corporation, which is important for the Scheduled Castes of the Government of Maharashtra, if you look at the Sahitya Ratna Democracy Annabhau Sathe Development Corporation, whatever debt cases are made under all these three corporations and these young people are very important.
But the loan was taken under this, there were some terms and conditions for the bail. Therefore, there was a lot of trouble. But now the terms and conditions regarding the bail have been improved and now it is going to be easier for the beneficiaries to get the loan. Even if you want to get a loan up to 5 lakhs, only one bail will be required.
No now two bail
The beneficiaries needed two bailrs to get a loan through some of the schemes that were implemented under the above three corporations. For this, only one bail has been required instead of two. There are now some conditions for the bail for all three loan plans, and if we look at it, the bailman must have a good financial position and its Sibil score.
If there are specific cases, it is accepted as a government employee or property with a government employee. Also, importantly, up to two lakh rupees implemented by the above three corporations, the property of the beneficiary’s property or the real estate of a bailman will be burdened for the scheme and therefore there will be no problem in recovering the loan.
Government guarantee received five years extension
The important thing is that the terms and conditions of the required bail in the loan cases being done through these three corporation’s schemes will now be amended and the State Cabinet has also approved the extension of the government guarantee to all three corporations. Therefore, small entrepreneurs will now be able to get loans through the simple and loose process. Therefore, it will be easier for the beneficiaries to get loans through the minimum process.
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