The elusive choice in absence of collaterals
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Today, loans against mutual funds, used cars etc., are also options as collateral-based loans. But for many without collaterals, personal loans remain the only elusive choice
Key Facts
Type Policy
Source The Hindu - Business
Published Sunday, 10 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right