User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Jun 18 2018 23:24 IST RSS 2.0
 
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Entrepreneurs Turn Labourers As Small Industries Shut Shop In Tamil Nadu 18.6.2018 NDTV News - Top-stories
Everyday, when Krishna Kumar serves lunch to his customers along with his wife at the small restaurant he owns in Coimbatore, he says he is reminded of the misfortune that hit him.
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Ratan Tata launches North East Small Finance bank 18.6.2018 Sify Finance
Tata Trusts Chairman Ratan Tata and Assam's Finance Minister Himanta Biswa Sarma on Sunday launched the first 28 branches of the North East Small Finance Bank (NESFB), the region's first small bank.
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The Tamils’ battle against the debt demon 16.6.2018 Hindu: Policy & Issues
Following prolonged struggles for their military-occupied land and for answers about their disappeared relatives, Tamils living in Sri Lanka’s north
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Happy, JaldiCash associate to offer loans in real-time 14.6.2018 Sify Finance
[India], June 14 (ANI): Happy, an innovative financial service provider with a vision of providing much-needed banking services to underserved and financially excluded micro-enterprises has
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Awareness programme held 14.6.2018 Manipur: E-Pao
Awareness programme held
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Satya MicroCapital raises Rs.11cr towards expansion 13.6.2018 Sify Finance
[India], June 13 (ANI): Satya MicroCapital Limited, a domestic microfinance company, raised funds in the form of share capital worth Rs. 11, 47, 95,000, from its existing investors through a rights
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CSCs to soon offer bank services: Goyal 11.6.2018 Hindu: Home
Centres can now help book rail tickets
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Nucleus Software launches platform for microfinance 11.6.2018 Central Chronicle » Business
New Delhi, Leading fintech solution provider Nucleus Software on Monday announced the launch of the latest in its line of advanced mobile lending solutions. The solution FinnOne Neo mFin is designed to help micro lenders provide easy, fast and digitized access to micro credit, anytime, anywhere. With the launch of FinnOne Neo mFin, Nucleus Software aims […]
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AYE Finance raises USD 21.5 mn from CapitalG, existing investors 11.6.2018 Sify Finance
[India], June 11 (ANI): AYE Finance, a non-banking financial company has announced receiving Rs. 147 crores (USD 21.5 million) in Series C round by CapitalG (formerly Google Capital), and existing
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Demonetisation woes drag on for small finance banks 6.6.2018 Rediff: Business
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
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Exchanges nod for Bharat Financial merger with IndusInd Bank 5.6.2018 Sify Finance
Non-banking finance company (NBFC) Bharat Financial Inclusion Ltd (BFIL) on Tuesday said it has received a no-objection from the stock exchanges for its proposed merger with private sector IndusInd Bank.
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How Ujjivan plans to make Modi's financial inclusion dream real 1.6.2018 Rediff: Interviews
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
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Modi's MUDRA scheme raining loans on women and religious minorities 30.5.2018 Latest News
Non-Hindus have got the largest amount per head for loans of less than Rs 50,000, while women have the largest share of the loan pie
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Banks have disbursed Rs 6 trillion Mudra loans, says PM Narendra Modi 30.5.2018 Business Standard: Today
PMMY was launched by the Prime Minister on April 8, 2015, for providing loans of up to Rs 1 million to the non-corporate, non-farm small/micro enterprises.
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Mudra helped entrepreneurs escape moneylenders, middlemen's clutches: Modi 29.5.2018 The Assam Tribune
Mudra helped entrepreneurs escape moneylenders, middlemen's clutches: Modi
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Loans Worth 6 Crore Given To 12 Crore People Under Mudra Scheme: PM 29.5.2018 NDTV News - Latest
Prime Minister Narendra Modi today said that loans worth Rs 6 lakh crore have been given to 12 crore beneficiaries under the Mudra scheme as he accused the previous governments of tokenism and not...
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PM interacts with MudraYojana beneficiaries across the country through video bridge 29.5.2018 Govt of india: PIB
The Prime Minister, Shri Narendra Modi, today interacted with Mudra Yojanabeneficiaries from across the country, through video bridge. The video conference is the second in the series of video bridgeby the Prime Minister, interacting with various beneficiaries of Government schemes.
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PM Modi interacts with beneficiaries of Mudra Yojana 29.5.2018 General News
Prime Minister Narendra Modi on Tuesday interacted with the beneficiaries of the Mudra Yojana (PMMY), saying that the scheme has been acting as a job multiplier, opening up new opportunities for the youth, women and those who want to start or expand their businesses."We trusted our small entrepreneurs. Under the money scheme, they were given a loan so that they could do their business. Money planning not only creates self-employment opportunities but is also working as a job-multiplier in itself," said Prime Minister Modi while speaking to the scheme's beneficiaries via NaMo app.Pradhan Mantri MUDRA Yojana (PMMY) is one of Prime Minister Modi's flagship programmes, which was launched in April 2015 with the aim of providing loans up to Rs. 10 lakh to the non-corporate, non-farm small and micro enterprises.The credit money under the project is classified as MUDRA loan and is given by commercial, co-operative and small finance banks as well as financial institutions like RRBs, MFIs, and .
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'Mudra helped entrepreneurs escape moneylenders, middlemen's clutches' 29.5.2018 Sify Finance
Prime Minister Narendra Modi on Tuesday interacting with the beneficiaries of the Pradhan Mantri Mudra Yojana (PMMY) said the scheme has broken the "vicious cycle" of moneylenders and middlemen who used to control an entrepreneur's dream.
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Banks have given Rs 6 lakh cr Mudra loans to 12 cr beneficiaries: PM 29.5.2018 General News
As part of government's scheme of funding the unfunded, Prime Minister Narendra Modi today said banks and financial institutions have given Rs 6 lakh crore to 12 crore beneficiaries. "Out of the 12 crore beneficiaries, 28 per cent or 3.25 crore are first-time entrepreneurs," he said in his interaction with beneficiaries of this scheme. He also said 74 per cent, or 9 crore, borrowers are women and 55 per cent belong to the SC/ST and OBC category. Pradhan Mantri Mudra Yojana (PMMY) was launched by the Prime Minister on April 8, 2015, for providing loans of up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.
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