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1% interest rate rebate has been announced by the government to Divyang borrowers

Published on November 11, 2023
Current Context: The Department of Empowerment of Persons with Disabilities under the Ministry of Social Justice and Empowerment, Government of India, has announced a 1% interest rate rebate for Divyang borrowers under the NDFDC loan scheme.
1% interest rate rebate has been announced by the government to Divyang borrowers
  • This initiative is aimed at reducing the financial burden on Divyang individuals seeking financial assistance and encouraging responsible repayment practices.
  • The Secretary of the Department, Shri Rajesh Aggarwal, also handed over cheques to 8 Divyang loan beneficiaries.
  • This step reflects the government’s unwavering commitment to promoting inclusivity and ensuring that every citizen, irrespective of abilities, has equal access to financial opportunities.

Question:

Q.1 Which department under the Ministry of Social Justice and Empowerment, Government of India, announced a 1% interest rate rebate for Divyang borrowers?
a. Department of Empowerment of Persons with Disabilities
b. Department of Health and Family Welfare
c. Department of Financial Services
d. Department of Economic Affairs
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