Gold Loan

Gold Loan, which was developed for the rural populace to insure their businesses such as farming, raising livestock, and others, is essentially an insurance product. In the event of animal death or crop loss, individuals may file claims for compensation. The rural sector includes any location with a low population density and at least 75% of the male population working in agriculture. The government introduced a number of programs to help the rural sector due to the financial instability of those who live in rural areas and the potential for crop failure, livestock death, etc. These programs are supported by the State and Central governments and are integrated with the Gold Development Programme.