“The decision may help the government to deliver a subsidised cylinder to the very poor families as delivery of it can be authenticated with biometric proof as done in case of foodgrains. Even state government can provide subsidy if these cylinders are sold through ration shops as it may curb pilferage,” said an official.
Speaking at a conference organised by Sa-Dhan, a self-regulatory organisation for MFI sector, Rao said microfinance lenders should not try to mimic the strategies of mainstream finance, as those serving the microfinance borrowers have a greater need to balance the social objectives with their lending operations.
Sitharaman reviewed the progress of the Centre’s budgetary capex, implementation of infrastructure projects and asset monetisation plans in a meeting with the ministry of civil aviation and the department of telecommunications, the finance ministry tweeted.
