User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Dec 14 2018 21:34 IST RSS 2.0
 
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MSME Support and Outreach Programme Launched by PM Success story of PMEGP 14.12.2018 Govt of india: PIB
The Prime Minister, Shri Narendra Modi, on 2nd November 2018,launched a support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. The Prime Minister unveiled12 key initiatives which will help in the growth, expansion and facilitation of MSMEs across the country: Loans upto 1 crore within 59 minutes through an online portal.
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वर्षांत समीक्षा 2018 : मंत्रिमंडल और आर्थिक मामलों की मंत्रिमण्‍डलीय समिति (सीसीईए) 14.12.2018 Govt of India: PIB Hindi
03 Jan 2018   प्रमुख बंदरगाहों में पीपीपी परियोजनाओं के लिए संशोधित आदर्श रियायत समझौते को मंत्रिमंडल की मंजूरी प्रधानमंत्री श्री नरेन्‍द्र मोदी की अध्‍यक्षता में केन्‍द्रीय मंत्रिमंडल ने प्रमुख बंदरगाहों में पीपीपी परियोजनाओं के लिए संशोधित आदर्श रियायत समझौते (एमसीए) को मंजूरी दी है, ताकि बंदरगाह परियोजनाओं को निवेशक-अनुकूल और बंदरगाह क्षेत्र के निवेश-माहौल को और आकर्षित बनाया जा सके।
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Toss Group enters E-comm business, launches tossclick.com 13.12.2018 Sify Finance
[India], Dec 13 (NewsVoir): The group has federation of companies under one brand called Toss Group. Toss Group came into existence in the year June 2013 under the leadership of Surendra.
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MAFRO warns against frauds and swindlers 12.12.2018 Manipur: E-Pao
MAFRO warns against frauds and swindlers
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PM Modi Highlights MUDRA, Start-Up India At G20 Summit 1.12.2018 NDTV News - India-news
Prime Minister Narendra Modi yesterday highlighted the flagship programmes like the Pradhan Mantri Jan Dhan Yojna, MUDRA and Start-up India undertaken by his government to modernise the economy and...
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Chanura Microfin launches loan facility to empower women 30.11.2018 Manipur: E-Pao
Chanura Microfin launches loan facility to empower women
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Satin Creditcare Network enters digital lending with LoanDost 28.11.2018 Sify Finance
[India], Nov 28 (NewsVoir): Satin Creditcare Network Limited, a leading microfinance companies in the country, has launched LoanDost, a digital lending platform for short to medium term personal
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Address by the Hon’ble President of India Shri Ram Nath Kovind at the Vietnam-India business forum 19.11.2018 Govt of india: PIB
I am delighted to address the Vietnam-India Business Forum.   I am honoured to be paying a State Visit to Vietnam, a country with which we have historic and special ties. I thank the Government of Vietnam for their warmth and excellent hospitality.
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Mudra loans-big source of oxygen for small businesses 19.11.2018 Financial Chronicle
New Delhi The govt introduced Mudra loans to give a financial boost to the budding enterprises coupled with the responsibility to the banks for ensuring maximum benefits for the small industries The Mudra loans could be referred as the key drivers for Medium, small and micro enterprises sector because lending to the space provides major support in to system credit growth in India. According to JM Finanical, the total disbursements under the ambit of Mudra or micro units development and refinance agency, amount to Rs 6.5 lakh crore during April 2015 to September 2018, while the quantum of loans actually refinanced by Mudra is only Rs 10,500 crore. Moreover, the disbursement target of Mudra for the current fiscal year is aggressive at Rs 3 lakh crore, and PSU banks are targets to achieve this outcome. However, the analysts believe, the targeted lending approach may not be sufficient to cover a potential upsurge in credit costs. On the other hand, private banks have largely been spearheaded the growth in ...
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Instant financial support for MSMEs 19.11.2018 Financial Chronicle
New Delhi The Pradhan Mantri Mudra Yojana (Mudra) was launched in 2015 to provide collateral-free micro loans to micro enterprises/units involved in manufacturing, trading and services sectors, including allied agricultural activities, subject to a maximum limit of Rs 1,000,000. Under Mudra, there are three categories of loans: ‘Shishu’, ‘Kishor’ and ‘Tarun’ signifying the funding needs of the micro enterprise: Shishu (Upto Rs 50,000), Kishor (Rs 50,001 to Rs 500,000), Tarun (Rs 500,001 to Rs 1,000,000). According to JM Finanical, since its launch in April 2015, Rs 6.5 lakh crore has been disbursed under the scheme, with majority of disbursements coming under ‘Shishu’ loans, followed by ‘Kishor’ and ‘Tarun’ loans. For smooth functioning, achieve credit growth and ensure maximum benefits for the borrowers, the government use to set annual targets of disbursement under the scheme and the current target for FY19 is Rs 3 lakh crore. Significantly, Mudra has mostly managed to achieve the given targets since ...
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Digitising SHG-bank link can generate $4 bn banking opportunity: NABARD 16.11.2018 The Assam Tribune
Digitising SHG-bank link can generate $4 bn banking opportunity: NABARD
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Lamjingba Group organises Fish farmers Festival 9.11.2018 Manipur: E-Pao
Lamjingba Group organises Fish farmers Festival
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Bandhan finds that banking licence comes with challenges 3.11.2018 Rediff: Business
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path.
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Micro-finance lending business grew 6.7% to Rs 1.6 lakh crores in Q2 says report 30.10.2018 Sify Finance
Microfinance lending grew in September, but risks in the wake of Kerala Floods also looms large says this report from Crif High Mark.
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PM Modi asks Japan's MSMEs to explore business opportunities in India 29.10.2018 Zee News : Business
Modi, who is here to attend the 13th India-Japan annual summit, said the ease of doing business was his top priority.
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Japanese businessmen will invest 2.5 billion USD in India: PM Narendra Modi 29.10.2018 Zee News : India National
The PM asked Japan's medium, small and micro enterprises to explore business opportunities in India.
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Several opportunities but volatility ahead 29.10.2018 Financial Chronicle
Arun kejriwal The Market continued to remain under pressure and gained momentum in the fall during the week. The Sensex lost 966.32 points or 2.82 per cent to close at 33,349.31 points. The Nifty lost 273.55 points or 2.65 per cent to close at 10,030.00 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.55, 2.48 and 2.57 per cent respectively. The Dow Jones too was under pressure and lost 756.03 points or 2.97 per cent to close at 24,688.34 points. The rupee was volatile and at close lost 14 paisa or 0.19 per cent to close at Rs 73.46 to the dollar. October futures expired on a weak note with the Nifty losing 852.65 points or 7.77 per cent to close at 10,124.90 points. There was a sharp decline all through the month and bears were on top of the series throughout. The current level of the Sensex at 33,349.31 points is down 707 points or 2.12 per cent on a year-to-date basis considering close of December 31, 2017. What is worrisome is the fact that it is down 5,640 points or 16.91 per cent ...
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L&T Hydrocarbon Engineering bags Project of the Year award 22.10.2018 Projects Monitor

Larsen and Toubro Hydrocarbon Engineering Limited bags Project of the Year award at the 10th PMI India Project Management Awards held during Project Management National Conference 2018 Delhi, October 16, 2018: Project Management Institute (PMI) India, the world’s leading not-for-profit professional membership association for the project management profession, has announced Larsen and Toubro Hydrocarbon Engineering […]

The post L&T Hydrocarbon Engineering bags Project of the Year award appeared first on India's first NewsPortal on Projects.

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Satin Creditcare partners with IndusInd Bank 15.10.2018 Sify Finance
Satin Creditcare Network Limited, the second largest microfinance company in India, has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank.
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Satin Creditcare Network partners with IndusInd Bank for secured lending 13.10.2018 Zee News : Business
SCNL has also diversified into housing finance and BC partnerships with other banks/NBFC.
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