Avail Any Type of Loan

  More than half of personal savings are invested in physical assets such as land, houses, cattle, and gold. [1] The Indian  money market  is classified into: the organised sector (comprising private, public and foreign owned  commercial banks  and  cooperative  banks, together known as  scheduled banks ); and the unorganised sector (comprising individual or family owned indigenous bankers or  money lenders  and  non-banking financial companies  (NBFCs)). The unorganised sector and  microcredit  are still preferred over traditional banks in rural and sub-urban areas, especially for non-productive purposes, like ceremonies and short duration loans. Prime Minister  Indira Gandhi   nationalised  14 banks in 1969, followed by six others in 1980, and made it mandatory for banks to provide 40% of their net credit to priority sectors like agriculture, small-scale industry, retail trade, small businesses, etc. ...