New Delhi: The government has asked banks to devise low-interest loan schemes for retail borrowers as well as micro and small enterprises, and explore credit products for tribals who may lack collateral. Banks are expected to share inputs by the end of this month and implement the schemes early next financial year, said people familiar with the development.
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"Banks have been asked to look at various loan schemes and further build upon the existing models such as Grameen Credit Score and the Stand Up India 2.0 scheme," a government official said on condition of anonymity, adding that the aim is to push credit growth.
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Bank-led credit growth stood at a 19-month high of 14.6% at January-end, compared with 11.4% a year ago.
Public sector banks have already implemented the Grameen Credit Score framework for better assessment of self-help group members and people in rural areas to increase lending to this category. A bank executive said lenders will look at tailored schemes for micro enterprises, which may include longer tenure periods to bring down interest rates and lower requirements of margin funds. "Firms operating in sectors such as leather, toys and even street vendors will be targeted through these new loan products," he said, adding that the government wants banks to come up with inclusive credit strategies for the unbanked population.
Another bank executive said that models such as the proposed customised credit cards with a ₹5 lakh limit for micro enterprises registered on Udyam portal can also be looked at. "We are already in the process of rolling out these projects and can add more features to them including additional lending support," he said
Non-food bank credit increased 14.4% year-on-year in January, accelerating from 11.3% a year earlier while remaining at levels similar to those in December 2025, according to a report by CareEdge Ratings.
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"Growth was broad-based, led by personal loans, especially vehicle loans, and remained double-digit in (micro, small and medium enterprises) lending. Credit to services, including trade and NBFCs (non-banking financial companies), remained healthy, supported by a gradual pickup in corporate borrowings," it said, noting that gold loans surged 128.8% year-on-year in January, reflecting strong collateral-backed demand amid higher gold prices.
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Chandigarh: Eleven accused have been arrested so far, including six bank employees, four private individuals, and one government official, as part of the ongoing investigation into a fraud case involving the by the Haryana State Vigilance and Anti-Corruption Bureau.
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According to the Bureau, a breakthrough has emerged in the case, revealing that several fake firms and companies were created by the prime accused to illegally divert government funds into multiple bank accounts.
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Preliminary investigation has indicated that money from the accounts of various government departments was unauthorisedly transferred to accounts operated in the names of these fictitious companies, the ACB said.
Some of the entities identified during the probe include R S Traders, Cap Co Fintech Services, SRR Planning Gurus Pvt Ltd, and Swastik Desh Project, among others, an official statement said.
Private lender Bank had disclosed a Rs 590 crore fraud committed by certain employees and others at a branch in Chandigarh in a specific set of accounts held by the Haryana government.
Charu Bali, ADGP, State Vigilance and Anti-Corruption Bureau, said an FIR was registered on February 23 in Panchkula, following directions from the Haryana government.
A Special Investigation Team (SIT) was constituted under the supervision of senior IPS officer Ganga Ram Punia to probe the matter.
The investigation has so far revealed the involvement of 12 bank accounts linked to eight government departments. Out of these, 10 were maintained at the IDFC First Bank's branch in Sector 32, Chandigarh, and two at the AU Small Finance Bank, the ADGP said.
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So far, 11 accused have been arrested, including six bank employees, four private individuals, and one government official. Among them, 10 are currently in judicial custody, while one is on police remand.
The investigation team has raided 16 locations, leading to the recovery of crucial documents related to property purchase, reportedly by using the proceeds of crime.
Additionally, more than 25 electronic devices, including mobile phones and laptops, have been seized and sent for examination to the cyber forensic laboratory.
The authorities have also seized six luxury vehicles, including three Toyota Fortuners, two Innovas, and one Mercedes, suspected to have been purchased using illicit proceeds.
The probe has revealed the involvement of several government officials/employees and private individuals. Upon confirmation, action will be taken against the culprits, the statement said.
Additionally, 10 properties have been identified which are suspected to have been purchased using the proceeds of crime.
The accused allegedly manipulated banking records by preparing fake debit memos or transferring funds without any valid debit memo or cheque authorisation.
The investigators also found that forged bank statements were prepared to facilitate the transfer of funds to multiple accounts directly or indirectly linked to the accused or their relatives.
A large volume of records has been obtained from banks and concerned departments, which are being analysed to identify both authorised and unauthorised transactions and trace the complete fund flow.
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New Delhi, All pension disbursing banks have been directed to monitor non-submission of digital life certificates by pensioners and to make arrangements to ensure their submission, the Rajya Sabha was informed on Thursday.
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To address the issue of difficulty in submission of digital life certificate (DLCs) through biometric mechanisms for elderly pensioners, the Government of India has launched the face authentication technique which requires only a smartphone for generation of DLCs, Union Minister of State for Personnel Jitendra Singh said in a written reply to a question.
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"All pension disbursing banks have been directed to monitor non-submission of DLCs and to make arrangements to ensure DLC submission," he said.
Singh said the Department of Pension and Pensioners' Welfare also monitors the banks to ensure the submission of DLCs. All pensioners are required to submit a life certificate for the continuation of pension payment.
Mega camps are held at places having large concentrations of pensioners, he said, adding that during the DLC campaigns, provisions are made for doorstep delivery of services to the aged, those who are sick or incapacitated and pensioners with disability.
To address the practical difficulties faced by senior citizens, especially those above 80 years of age, including those in the remotest parts, nationwide DLC campaigns are being held from November 1 to 30 every year from 2022 onwards, in which DLC camps are held at multiple locations, Singh said.
In a separate reply, the minister said that as on March 6, 2026, the Department of Pension and Pensioners' Welfare conducted 15 pension adalats for pensioners of all ministries and departments of the Centre, wherein, 27,812 long-pending grievances on CPENGRAMS portal have been taken up and 19,948 cases resolved on the spot.
Centralised Pension Grievances Redress And Monitoring System (CPENGRAMS) is an online portal for the registration, tracking and redressal of pensioners' grievances.
The rest of the grievances have also been redressed or taken to finality through follow-up meetings and monitoring, Singh said, adding that these pension adalats are held in hybrid mode.
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Kolkata: Bank credit grew 14.5% year-on-year at the fortnight ending February 28 while deposits grew at 11.9% rate, data from showed.
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The pace of growth for both credit and deposits accelerated in the fortnight under review as compared to the preceding 14-day period. Bank credit had grown at 13.6% year-on-year at the fortnight ending February 15 while was seen at 11.2%.
The ' deposits stood at Rs 251.90 lakh crore. About 87% of total deposits were fixed deposits, according to scheduled banks' statements of position.
Total bank credit stood at Rs 207.54 lakh crore.
The latest eased a bit to 82.39% as compared with 82.47% a fortnight back.
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