CM Rupani inaugurates ‘Big Banks of Small People’ for monetary aid to small businesses

New Delhi: Gujarat Chief Minster Vijay Rupani today virtually inaugurated 15 branches of Jana Small Finance Bank of Gujarat from Gandhinagar. Self-employed people will be able to contribute in realizing the dream goal set by our Prime Minister Narendra Modi of making India a five trillion-dollar economy by getting loan from such banks.

Rupani said that bank which gives small amount loans to individuals associated with small business without IT return, mortgage or GST number is the need of the hour. It is necessary that such credit reaches to such small business owners to make the country’s economy a five trillion-dollar economy.

The Chief Minister suggested that the Jan Small Finance Bank, functioning as the largest bank for such small business owners in the state, to cooperate in the schemes of the state government in providing financial assistance to the common man.

In this regard, CM expressed his expectation of the bank’s cooperation in providing financial assistance to women’s groups under the Mukhyamantri Mahila Utkarsh Yojana.

CM Shri @vijayrupanibjp inaugurated 15 branches of Jana Small Finance Bank in the State through video conferencing from Gandhinagar and stated that ‘Big Banks of Small People’ lending finances to the ordinary people without income proof, mortgage, GST No. is the need of the hour. pic.twitter.com/EigUMov7cM

— CMO Gujarat (@CMOGuj) December 21, 2020

Rupani further added that, 2.5 lakh people of the state have got credit of Rs. 2500 crore under Atmanirbhar Gujarat Yojana. Applicants have got a loans of Rs. 1 lakh at 2% interest and Rs. 2.5 lakh at 4% interest. The state government has given 6% and 4% interest subsidy respectively.

In this context CM further added that state’s co-operative banks have also come out as big banks of such small business owners and have provided loans to the people. Jana Small Finance Bank will prove to be the bank of such small people.

The CM congratulated and wished the officials of Jan Small Finance Bank on behalf of the people of the state.