Recently the government has announced that 1% rebate in interest rate will be given to disabled persons who repay the loan on time.

Recently the government has announced that 1% rebate in interest rate will be given to disabled persons who repay the loan on time.

Daily Current Affairs   /   Recently the government has announced that 1% rebate in interest rate will be given to disabled persons who repay the loan on time.

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Category : Business and economics Published on: November 15 2023

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  • In November, 2023, the government has announced that one percent rebate in interest rate will be given to disabled persons who repay the loan on time.
  • This announcement will be applicable for disabled people taking loans from National Disabled Finance and Development Corporation.
  • This decision has been taken to promote financial inclusion and economic empowerment of the disabled.
  • This step reflects the Government's unwavering commitment to ensure that every citizen has equal access to participation and security in financial opportunities, regardless of his or her ability.
  • National Disabled Finance and Development Corporation was established in the year 1997.
  • This corporation is working under the Ministry of Social Justice and Empowerment.
  • It provides financial assistance to disabled persons for income generation.
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