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Loan without collateral for SC, ST entrepreneurs

HYDERABAD: The State government has decided to ensure that banks provide loans up to Rs. 5 crore without collateral security to interested entrepreneurs from the under-privileged communities for their ventures.

The government, through the AP State Finance Corporation (SFC), will stand guarantee to the applicants for loans sought by Dalit and tribal entrepreneurs.

Besides, it was decided to provide subsidy up to a maximum of Rs. 50 lakh in the form of a grant to the entrepreneurs and a provision of Rs. 2,500 crore had been made in the budget towards this end.

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