Jivhala Karj Yojana I Jivhala Loan Scheme: jivhala scheme, jivhala loan scheme, jivhala yojana, jivhala loan, jivhala yojna, maharashtra jivhala scheme, karj yojana,The Maharashtra State Co-operative Bank Ltd., Mumbai is launching a new loan scheme (Jivhala Karj Yojana / Jivhala Loan Scheme) to cater to the family needs of prison inmates. Making a maximum profit is not the only objective of co-operative banks. This is the main difference between commercial banks and co-operative banks. In fact, the idea of social banking has been brought to fruition by the co-operative banking sector.
State Bank (Shikhar Bank), which has taken over the guardianship of the co-operative banking sector in the state, has come up with an innovative loan scheme for inmates keeping in view the social responsibility. Today, after the end of the prisoner’s sentence, there are bank loan schemes for their rehabilitation. But the Jivhala Karj Yojana / Jivhala Loan Scheme, which caters to the needs of the family while serving their sentence, will be the first loan scheme in the world, not just in the country.
The bank believes that this will be a turning point in the lives of the inmates as it will satisfy the inmates to be able to do something for their family even while they are in prison, as well as create pride and love for their loved ones in their relatives. Due to this, the bank has named this loan scheme as ‘Jivhala Karj Yojana/ Jivhala Loan Scheme’.
As the loan amount will fall into the hands of the families of the prisoners, it will be used for the education of children, expenses of family illness, expenses of farm work, lawyers’ fees, and other expenses. The bank has come up with the scheme with the same social sentiment that the punishment meted out to a convicted prisoner should be lessened by his family. Similarly, in the future, the bank will also submit a proposal to the government to supply the capital to the inmates and make them small entrepreneurs. We hope you enjoy the role of a banker.
Features of the Jivhala Karj Yojana/Jivhala Loan Scheme
1) Loan up to 250,000
2) Debt disbursement at a 7% interest rate
3) For prisoners with first offense
4) Loans based on wage pay only to meet family needs
5) The bank will provide 1% of the loan repayment amount to the welfare fund of the prisoners.
6) For other eligibility conditions visit the bank’s website www.mscbank.com