BENGALURU : State-run Canara Bank has unveiled a special gold loan scheme for diverse sectors with lower interest rate to overcome the financial fallout of the coronavirus pandemic, an official said on Monday. "The loan can be availed for agriculture, agri-allied sectors, medical and personal emergencies and overdraft facilities by the needy pledging their gold as a collateral security," said the city-based bank in a statement.
The scheme is on offer till June 30 with 7.85 per cent interest per annum. "As coronavirus changed the socio-economic order, managing daily expense, business continuity, health and family care has become a challenge for many.