Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1)
1.
Which financial institution launched the ‘Spoorthi’ programme to provide specialised home loans and loans against property for women entrepreneurs?
HDFC Bank
ICICI Bank
L&T Finance
State Bank of India
Answer: Option
Explanation:
L&T Finance introduced the ‘Spoorthi’ programme to support and empower women entrepreneurs by offering specialised financial products such as home loans and loans against property (LAP). The initiative aims to encourage women-led businesses and improve access to credit for women who are running or co-running enterprises or professional ventures. Under the programme, eligible applicants can benefit from extended loan tenures of up to 25 years for home loans and LAP, along with flexible eligibility norms such as higher debt-to-income ratios. These features are designed to provide greater financial flexibility, enabling women entrepreneurs to invest in property ownership, expand businesses, and strengthen their economic participation.
Discussion:
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