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Июль
2024

Union Budget: Gold loan companies want govt to grant eligible gold loan NBFCs with ‘priority sector status'

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Union Budget: Gold loan companies are lobbying for several key measures ahead of the Union Budget. Muthoot Finance's managing director, George Alexander Muthoot, urged granting eligible gold loan NBFCs 'priority sector status' to enhance financial inclusion, particularly benefiting small borrowers with needs under Rs 50,000.