In a significant move towards fostering economic empowerment and financial inclusion among persons with disabilities, the government has introduced a one percent interest rate rebate for divyang borrowers. This initiative is part of the National Divyangjan Finance and Development Corporation (NDFDC), signaling a commitment to alleviating financial burdens and promoting responsible financial practices within this community.
1. Interest Rate Rebate for Divyang Borrowers:
- The government’s decision entails a one percent interest rate rebate specifically designed for divyang individuals availing financial support through the NDFDC.
- This proactive measure is aimed at making financial assistance more accessible and affordable for persons with disabilities.
2. Enhancing Financial Inclusion:
- The move is a strategic step towards enhancing financial inclusion by addressing the unique financial challenges faced by divyang individuals.
- By reducing the interest rate, the government aims to create a more inclusive financial environment that caters to the diverse needs of persons with disabilities.
3. Fostering Economic Empowerment:
- The introduction of the interest rate rebate aligns with the broader goal of fostering economic empowerment among the divyang community.
- Secretary of the Department of Empowerment of Persons with Disabilities, Rajesh Aggarwal, emphasized the importance of this initiative in relieving financial stress and promoting self-reliance.
4. Encouraging Responsible Repayment Practices:
- The rebate not only makes financial assistance more affordable but also serves as an incentive for divyang borrowers to adopt responsible repayment practices.
- This approach aims to create a positive financial culture within the divyang community, contributing to long-term financial stability.