......This will give information about the number of officials involved in sanctioning the loan, the stage at which the application was rejected, and the official who rejected the loan application. The move, which is in the final stages of discussion, will bring in more transparency in sanctioning of loans and check cases of bribery in disbursal. The lenders will also be asked to monitor the end use of loans disbursed and keep close watch on the activities of a company or individual availing of the loan................
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