The Tamil Nadu Government has announced that an amount of Rs. 5 lakh would be deposited on the account of each orphaned child and would be given to the child with interest when the child attains 18 years of age.
The Centre has approved a proposal on Friday providing monetary support to 11.8 crore students through Direct Benefit Transfer under the Mid-Day-Meal Scheme amid the corona virus pandemic.
In its semi-annual financial stability report, RBI had earlier said that the bad loan ratio of banks could rise to 13.5% under the baseline stress scenario by September 2021.
EXAMIANS