The RBI further said that Women SHGs (self help group) will be - TopicsExpress

The RBI further said that Women SHGs (self help group) will be given an additional 3 per cent subvention on prompt repayment of loan. So, the interest rate is 7% and then additional 3% subvention, which means if any person takes the loan in the name of his wife and returns quickly even without doing anything with the money, he gets a plain 3% on the public fund. Moreover, WPI is around 7%.............so, if inflation is adjusted, then these people will use tax payers money without any liability. WOW!! WHAT A GOVERNMENT POLICY TO LIFT WOMEN.........!!

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