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Credit widening

  2. CREDIT WIDENING • Definition Increasing the number of credit accounts in favour of low income and other disadvantaged sections of the society.
  3. CREDIT WIDENING: • Credit widening promote financial inclusion in our country. • Credit facility is widened to the Nook and corners of the country through commercial banking, cooperative societies and other banking sectors. • This banks provide variety of credit facilities such as long term, medium term and short term loans.
  4. PROMOTING CREDITS THROUGH INNOVATIVE POLICIES: • Prandhan mandri jan dhan yojana ( PMJDY) • Stand up India scheme • Credit guarantee scheme for start ups. • And so many schemes are implemented.
  5. PMJDY : • Pradhan Mantri Jan Dhan Yojana is a National Mission on Financial Inclusion which has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country. • The scheme ensures access to a range of financial services like availability of basic savings bank account, access to need based credit, remittances facility, insurance and pension.
  6. STAND UP INDIA SCHEME: • The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. • This enterprise may be in manufacturing, services, agri-allied activities or the trading sector In case of non-individual enterprises at least 51% of the shareholding.
  7. ELIGIBILITY FOR STAND UP INDIA SCHEME: • weaker section of the society and/or woman entrepreneurs, above 18 years of age. • Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing, services, agri-allied activities or the trading sector. • In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. • Borrower should not be in default to any bank/financial institution
  8. CREDIT GUARANTEE SCHEME • Credit Guarantee Scheme (CGS) was launched to strengthen credit delivery system and to facilitate flow of credit to the MSE sector, create access to finance for unserved, under-served and underprivileged, making availability of finance from conventional lenders to new generation entrepreneurs. • Over the past 20 years, CGTMSE has been instrumental in providing guarantee cover to collateral and/or third party guarantee free credit facilities extended by eligible Member Lending Institution [MLIs] to MSEs
  9. ADVANTAGE OF CREDIT WIDENING: • Increasing the credit facilities to weaker section of the society. • Increasing the ability of individuals and households to access basic services like health , education. • Direct impact on poverty reduction.
  10. DISADVANTAGE OF CREDIT WIDENING • Extension of credit also posses some risk. • Risk caused due to non payment by borrower. • It makes the credit system unsustainable and potentially destability.