The Centre is contemplating an exclusive bank for women on the lines of Nabard, and reducing interest on loans to them, Andhra Pradesh Chief Minister N Kiran Kumar Reddy said today.
Addressing the State-Level Bankers' Committee meeting here, the Chief Minister said the Centre is considering a proposal to extend loans to women at 7 per cent interest, down from the current 14 per cent.
"The exclusive bank for women will be set up in line with the Jaipur Declaration (of Congress). The Union Cabinet will take a decision soon on the interest reduction," the Chief Minister added.
He said the Andhra Pradesh government would extend interest-free crop loans to farmers from the forthcoming Kharif season.
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