Dharamshala: The Social and Resource Development Fund (SARD), Department of Finance rolled out a new Summer Livelihood Support Programme for 2019, under which CTA will provide loans worth a total of Rs 12 Crores (120 Million) at a minimal 3% interest rate to support Tibetan Summer businesses across India.
President Dr Lobsang Sangay unveiled the loan product today at a press conference held at the Kashag Secretariat. He also formally announced that the Gangjong Development Finance Private Limited, also called Gangjong Finance, was now a legitimate Non-banking Financial Institution registered with the Reserve Bank of India (RBI).[Source]