The MUDRA loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial institutions
MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga
According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY
Under the policy, a list of strategic sectors will be notified where there will be at least one and a maximum of four public sector enterprise, apart from private sector companies
3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact
Set against the virus scare and a global market crash, the latest economic numbers presents a scary scenario, especially since the December quarter in a given year is one of the strongest.
"The challenge before us is to deeply involve those included. I would urge all of you to think of financial products that meet the needs of those at the bottom of the ladder," Kovind said.
Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises
From RBI planning to come up with fresh fit-and-proper norms for directors on bank boards to Union Bank of India labeling Suzlon Energy Ltd as a bad loan, here are the top business headlines on Monday