User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Feb 17 2019 02:14 IST RSS 2.0
 
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Svasti Microfinance raises Rs. 34 crores from Nordic Microfinance Initiative, Adar Poonawalla, and others 17.2.2019 Sify Finance
[India], Feb 13 (ANI): Svasti Microfinance Private Limited (Svasti) has raised a total of Rs. 34 Crores capital from Nordic Microfinance Initiative (NMI), Serum Institute of India CEO Adar
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US Announces 2 Women Economic Empowerment Programmes In India 8.2.2019 NDTV News - Latest
The women economic initiative will be led by Ivanka Trump, the senior adviser and daughter to US President Donald Trump.
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With over 20 Mn in-trip insurance policies availed by customers each month, Ola becomes largest private micro-insurance platform 7.2.2019 Sify Finance
Ola, one of the world’s largest ride-sharing platforms, has achieved a unique milestone of facilitating the issue of 20 Million in-trip micro-insurance policies to its
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Challenges facing the 3 musketeers of Indian banking 6.2.2019 Rediff: Top Stories (India)
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
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Schemes of National Minorities Development and Finance Corporation 5.2.2019 Govt of india: PIB
The schemes of National Minority Development Finance Corporation (NMDFC) are being implemented for the socio-economic development of the ‘backward sections’ amongst the notified minorities through the State Channelising Agencies (SCAs) nominated by the respective State Governments/UT Administration.
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Empowering Women Entrepreneurship through MSME  Schemes 4.2.2019 Govt of india: PIB
Ministry of Micro, Small and Medium Enterprises (MSME) is empowering women entrepreneurs through its different schemes.  1.38 lakh projects have been set up by the women entrepreneurs under Prime Minister’s Employment Generation Programme (PMEGP) Scheme since inception and upto 23.01.
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Labourer to estate owner: How the Araku Coffee project changed the lives of adivasi farmers 3.2.2019 Scroll.in
The CEO of Naandi Foundation on the big takeaways from the Teenage Girls Survey, and how they created a successful brand out of the coffee grown in Araku.
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Question 1: How Many Jobs Created Under MUDRA? RTI Starts From Question 2 3.2.2019 NDTV News - Latest
In his Budget speech on Friday, Interim Finance Minister Piyush Goyal said that "job seekers have now become job creators", referring to the Pradhan Mantri MUDRA Yojana launched in 2015, a scheme...
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MSME Ministry allocated Rs.7011 Crore in Budget 2019-20    1.2.2019 Govt of india: PIB
Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal presented the Interim Budget 2019-20 in Parliament today. The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs).
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Governemnt takes several measures to strenghthen msmes 1.2.2019 Govt of india: PIB
The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs). While a Scheme of sanctioning loans upto Rs. 1 crore in 59 minutes has been launched, GST-Registered SME units will get 2% interest rebate on incremental loan of Rs. 1 crore.
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From Tea-Seller To Cow-Protector, "Unsung Heroes" Who Won Padma Awards 27.1.2019 NDTV News - Top-stories
A tea-seller who donates his profits for the education of slum children, a doctor couple who charge Re 1 from patients and a retired IPS officer who set up a school for a Mahadalit community are among...
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Swachh Credit to be accelerated for water and sanitation Joint initiative by MDWS and DFS 24.1.2019 Govt of india: PIB
The Ministry of Drinking Water and Sanitation (MDWS),together with the Department of Financial Services (DFS),today organized a workshop to accelerate‘Swachh Credit’ to increase lending in the water and sanitation (WASH) sectorby large banks and financial institutions, during the SwachhataPakhwada of DFS. The workshop was attended by senior representatives from major public and private sector banks, non-banking financial institutions, MFIs and development partners like UNICEF, World Bank and Water.
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Ministry of Women & Child Development -Year End Review 2018 17.1.2019 Govt of india: PIB
Beti Bachao Beti Padhao (BBBP) Beti Bachao Beti Padhao is one the flagship programmes of the Government. It is a tri-ministerial, convergent effort of Ministries of Women and Child Development, Health & Family Welfare and Human Resource Development with focus on Awareness and Advocacy Campaign; Multi-sectoral action in select 405 districts (low on CSR) and Alert Media & Advocacy outreach in 235 districts; Effective enforcement of Pre-Conception and Pre Natal Diagnostic Techniques (PC&PNDT) Act and Enabling girls' education.
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Aye Finance raises USD 10Mn from responsAbility and Northern Arc 17.1.2019 Sify Finance
[India], Jan 17 (ANI): Aye Finance, the CapitalG backed fintech lender, on Thursday announced raising funds worth USD 10 million in debt funding from leading global impact investment manager,
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RBI cautions government over NPA spike in MUDRA loans 13.1.2019 Sify Finance
The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro enterprises in the country -- the Pradhan Mantri Mudra Yojana.
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China's premier says tax cuts support employment, economic stability 12.1.2019 Reuters: World News
China's plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country's tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
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Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM 10.1.2019 Financial Chronicle
Chennai Asirvad Microfinance, the micro-lending subsidiary of Manappuram Finance, is going for a major capital infusion to achieve an AUM of Rs 10,000 crore by FY22. It is in talks with private equity firms to raise Rs 500-600 crore this year and by FY21 it plans to go for IPO. Having crossed an AUM of Rs 3,000 crore, Asirvad now looks at tripling its portfolio by FY22. It has prepared road map both in terms of capital infusion and business development to achieve the milestone. The company, in which Manappuram Finance owns 92 per cent stake, has been well-funded. Next month Manappuram Finance will be infusing Rs 150 crore into its microfinance subsidy. Further, Asirvad is in talks with a few private equity players to raise around Rs 600 crore. “We plan to raise Rs 500 to 600 crore this year. The stake dilution will depend upon the valuation,” SV Raja Vaidyan-athan, MD of Asirvad Microfinance told Financial Chronicle. This will help Asirvad to touch Rs 5,000 – Rs 6,000 crore AUM by FY21. Going ahead, ...
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Bridging the Urban-Rural Gap in Agriculture 8.1.2019 Govt of india: PIB
  The Government is implementing several programmes that aim at bringing about overall improvement in the quality of life of the rural people and bridging the urban rural gap through: creation of employment opportunities; strengthening of livelihood opportunities; creation of rural infrastructure; provision of other basic amenities; etc. These programmes, inter alia, include: Mahatma Gandhi National Rural Employment Guarantee Act for wage employment, Deendayal Antyodaya Yojana-National Rural Livelihoods Mission for livelihoods promotion through self-employment, Pradhan Mantri Awaas Yojana for rural housing, National Rurban Mission to stimulate local economic development, enhance basic services, and create well planned Rurban clusters, Prime Minister’s Employment Generation Programme to generate self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth, National Social Assistance Programme for enhancing the incomes ...
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Amount of public sector Mudra loans that turned non-performing rose two times in 2017-’18: Centre 2.1.2019 Scroll.in - News that matters
The figure increased to Rs 7,277.31 in 2017-’18 from Rs 3,790.35 crore in 2016-’17.
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To develop football at grassroots level...Govt inks MoU with Tata Trusts 18.12.2018 Manipur: E-Pao
To develop football at grassroots level...Govt inks MoU with Tata Trusts
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