Early Diwali: State-run banks to get funds from government to provide cheaper loans

Adding sparkle to your festival shopping, the government has said state-run banks will soon provide cheaper loans to fund purchases of TVs, refrigerators, motorcycles and scooters.
More goodies could be covered by the scheme later. The government hopes this selective stimulus will give a boost to capacity addition, employment and production, helping spur growth that fell to a four-year low of 4.4% in the first quarter of the fiscal.

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