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Government of India had formulated in March, 1972 a scheme for extending financial assistance at concessional rate of interest @ 4% to selected low income groups for productive endeavours initially by public sector banks and then by private sector banks also .
Revision of Differential Rate of Interest Scheme (DRI)
The scheme known as Differential Rate of Interest Scheme (DRI) is now being implemented by all Scheduled Commercial Banks.
Limit of the loan under the Differential Rate of Interest scheme has been enhanced from Rs 6500/ to Rs 15000/ and the limit of the housing loan from Rs 5000/ to Rs 20000/ per beneficiary with effect from 13th June 2007.
However, the target for lending under DRI scheme will continue to be 1% of the previous years’ total advances.
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