FM unveils micro credit scheme

UPDATED ON JUN 20, 2008 08:05 PM IST
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The Finance Minister of India on Thursday launched a micro credit scheme to provide loans at low interest rates to the slum dwellers. The scheme is supported by a slew of state-run banks and LIC of India in collaboration with an NGO, 'Asha'. P Chidambaram along with Sheila Dikshit initiated the pilot scheme in a south Delhi locality.


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