New Delhi: HDFC Bank, one of the largest private sector banks in the country, is going to launch a major program to expand its retail portfolio. The bank will organize 1,000 rural loan fairs in the next six months. The bank has given information in this regard.
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The bank said in a statement that these rural loan fairs will be held in more than 300 districts across the country covering 6,000 villages. Contrary to the statement, like the traditional fair held in the village, people of five, six villages are expected to reach the rural loan fair, where they will be informed about the products related to the bank.
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The fair will have the facility to open tractors, autos, two-wheelers and agricultural loans or current or savings accounts. Local people will also be given information about banking service in this fair. To speed up loan disbursement, the government on Thursday asked public sector banks to organize loan fairs in 400 districts. Explain that to generate demand in the market, banks have appealed to give loans openly to banks. Many companies have stopped production due to lack of demand.
