Purpose and objectives of microloans
Microloans may utilize several businesses regarded as activities like maintaining cash flow, meeting working capital needs, starting a new business, maintaining cash flow and managing day-to-day expenses, and debt consolidation.
- To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
- To encourage socio-economic growth among under-banked and unbanked families.
- To promote and support startups and female entrepreneurship throughout the nation.