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In a first, Maharashtra govt launches scheme to enable prisoners to get personal loans

Shortpedia

Content Team
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In a first, Maharashtra Govt launches scheme to enable prisoners to get personal loans from the banks to help families & meet expenses towards their legal matters. A pilot to be launched at Yerawada Central Jail for providing loan up to Rs 50,000 at 7% interest rate by the Maharashtra State Cooperative Bank. About 1055 prisoners are set to benefit from the scheme.