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Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave
FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more
RBI extends support for small businesses with Resolution Framework 2.0
Small businesses engaged in retail and wholesale trade other than those classified as micro, small and medium enterprises (MSMEs) will also be eligible to avail the benefit. The central bank also allowed MSMEs with loans of up to Rs 25 for restructuring businesses crore in a separate notification.Read more
MUDRA Yojana helps generate 1.12 cr additional employment between 2015 to 2018
The loans are given for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.Read more
JICA signs loan pact of JPY 10 Billion with TCCL to support RE business
JICA’s loan will support TCCL to mitigate the impact of climate change by offering green finance, which will contribute to decrease the emission of GHG in India. It will also contribute to SDGs (Sustainable Development Goals) Goals 7 and 13.Read more
Stand up India scheme benefited over 1,10,019 beneficiaries
The scheme was aimed to boost MSME sector to kick start more manufacturing to strengthen tier-2 connect.Read more
Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept
The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more
NTPC signs Rs 2,500-crore loan agreement with HDFC Bank
NTPC has signed a term loan agreement for Rs 2500 crore with HDFC Bank Limited. The loan facility is extended at an interest rate linked to 3-month MCLR of the bank.Read more
RBI’s move to provide a much-needed boost to MSMEs: Sandip Somany
RBI’s relief window for MSMEs together with other government measures for easier and affordable access to credit should help in reviving growth of MSMEs, say FICCIRead more
Aye Finance disburses Rs 700 crores loans to MSMEs
The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more
Paisalo launches app for easy loan disbursal to MSMEs
With a vision of empowering the MSME segment and small businesses, Paisalo Digital Limited has launched its app with the same name to accelerate and facilitate 100% digital loan disbursal, creating unique customer experience.Read more