ENA Economy 2020-07-20 09:06:42 <p><strong>New Delhi, July 20 (KNN)</strong> Union Minister of Medium Small and Micro Enterprises (MSME), Nitin Gadkari on Monday said that the Centre will take steps to formulate a policy to allow independent micro-financing organisations to work exclusively in rural areas for micro entrepreneurs.</p> <p>While inaugurating 'Amazon Global Selling Exports Digest', the Minister informed that he has asked Nobel Peace Laureate professor Muhammad Yunus to formulate his suggestions into a draft proposal with the NITI Aayog that will be put before the government for approval.</p> <p>Earlier the professor had pointed out the need to rework government policy to give a banking license to financing corporations that will enable them to take deposits from micro entrepreneurs and give them credits.</p> <p>''These organisations will be working entirely in the rural sector as social business as a zero-dividend company, with no intention of profitability,'' he added.</p> <p>Gadkari also said the government is working on an Agro Policy to focus on entrepreneurship development in rural, tribal, agricultural and forest areas for manufacturing products using local raw material.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 25456 https://knnindia.co.in/news/newsdetails/economy/govt-may-allow-mfis-to-fund-micro-entrepreneurs-nitin-gadkari 2020-07-20 09:06:42 knnindia.co.in