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Tuesday, September 02, 2014 - 05.51 GMT
On-the-spot-cash for thousands from Divi Neguma banks

 

Divi Neguma beneficiaries welcomed the Divi Neguma Sahana Aruna programme ceremonially launched yesterday (Sep. 01) through 1,073 Divi Neguma community banks. Thousands of people obtained cash benefits that day itself.

They were able to obtain expeditiously micro finance facilities, regardless of age, guarantors, collateral and additional documents because of the Divi Neguma Sahana Aruna programme of the Divi Neguma Department established.

Its objective has been to empower the masses through livelihood development projects for poverty alleviation. In addition loans ranging from Rs. 5, 000 to Rs. 50, 000 may be obtained for consumer needs, repayment of loans or other emergencies.

Over 100,000 Divi Neguma beneficiaries participated in the commencement ceremonies held in 327 Secretarial Divisions yesterday. Those qualified for assistance under the programme are 2.7 million families living in 35,440 villages coming under 14022 Grama Seva areas. The loan recipients are required to repay the loans in 24 installments at four percent interest.

The programme encourages people to invest income from the village in the village itself. It will help to prevent some of them from falling into debt by obtaining loans at high interest rates from financial institutions, according to the Economic Development Ministry.

People who joined the scheme to obtain loans for consumer needs were also seen at these events. Among the contributors to this scheme were those engaged in the fields of agriculture, livestock, fisheries and cottage industries. Further information may be obtained from the nearest Divi Neguma Community Bank.
 

 

 

 
 
   
   
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Last modified: September 02, 2014.

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