Hyderabad: Etala Rajender, a BJP MP from Telangana, is calling on banks to provide more loans to the needy, such as poor individuals, small business owners, and artisans. He insists that banks should make it easier, not harder, for these groups to get loans. By offering financial help through loans, artisans, small businesses, women, students, and farmers can create more job opportunities. This can lead to greater self-reliance and productivity in different sectors. Etala Rajender noted that Prime Minister Narendra Modi’s government aims to empower people financially. The banking system has now reached even remote rural areas, making it easier for everyone to access banking services. The central government is motivating banks to give loans to artisans, the self-employed, and small traders, with interest subsidies available through various government programs.
At the opening of the Credinova Fintech Office in Ameerpet, Hyderabad, Etala Rajender and MLA Palvai Harish Babu praised young entrepreneurs Pittala Kiran and Bomma Sarath Goud for their efforts to help rural youth. The government is offering loans worth thousands of crores through initiatives like Make in India and Made in India to boost industrial growth and job creation.
Etala Rajender stressed the need for better financial literacy and making banking services more accessible. He urged banks to focus on lending to women entrepreneurs, helping them start businesses and fuel economic growth. He expressed happiness that Credinova Fintech is dedicated to training rural youth in loan management and assisting them with employment. He advised the company to ensure smooth loan processing, especially for new business ventures, and to work actively towards financial inclusion and empowering youth with accessible credit.
