Loans to Persons with Disability will be treated as priority sector
Bank loans to differently abled persons will be treated as weaker section loans within the priority sector ambit, Reserve Bank of India said Friday (13 March 2014).
Bank loans to differently abled persons will be treated as weaker section loans within the priority sector ambit, Reserve Bank of India said Friday (13 March 2014).
All bank officials should be sensitised on the rights of and provisions for persons with disabilities in utilising all services provided by the bank as well as a pro-active approach towards persons with disabilities.
The Reserve Bank today said banks can lend below the base rate, or the minimum lending rate, to tribals and physically challenged persons. Such lending (to tribals and handicapped), even if below base rate, would not be considered as a violation of our base rate guidelines,” the central bank said in a circular.