User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Aug 13 2018 21:59 IST RSS 2.0
 
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Oracle launches new batch of startups for Cloud Accelerator program 13.8.2018 Central Chronicle
New Delhi/Bengaluru, Technology major Oracle on Monday announced a new batch of high potential startups for its Startup Cloud Accelerator program in India. This is the fourth consecutive batch in Bengaluru, where Oracle’s global startup program was first piloted successfully, and the second consecutive batch in Delhi and Mumbai. Shortlisted from among several hundred applicants, these […]
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Jan Dhan account benefits to free accident cover, sops PM Modi may announce on Independence Day 12.8.2018 Zee News : India National
The government may announce attractive micro insurance scheme on the occasion and free accident cover under the RuPay Card holders could be increased from Rs 1 lakh.
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Big push for financial inclusion drive expected in PM Modi's I-Day speech 12.8.2018 DNA: Recent Columns
Prime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said. There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government's effort to fund the unfunded, they said. Besides, the government may announce attractive micro insurance scheme on the occasion, the sources said. The free accident cover under the RuPay Card holders could be increased from Rs 1 lakh. The Phase II of PMJDY will come to an end on August 15 and the scheme would be due for a revamp with further goals, the sources said, adding that the Prime Minister's Independence Day speech would be the best platform to make announcement. PMJDY, the flagship financial inclusion drive, was launched in August 2014. The first phase ended on August 14, 2015 was focussed on opening basic bank ...
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Ready-to-assemble homes provider wins Samsung start-up award 10.8.2018 Sify Finance
Jaipur-based Hexpressions, which offers affordable, ready-to- assemble homes made out of composite paper honeycomb panels was the winner of the Samsung Global Startup Acceleration Program award and was given a prize of Rs 200,000, the South Korean tech giant said on Friday.
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Employment Guarantee Scheme 6.8.2018 Govt of india: PIB
            Employment generation coupled with improving employability is the priority concern of the Government. Ministry of Rural Development has been implementing ‘The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005’ which provides at least one hundred days of guaranteed wage employment in every financial year to every household whose adult members volunteer to do unskilled manual work.
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Satya MicroCapital receives funding of Rs. 43 Cr by Gojo & Co. 6.8.2018 Sify Finance
[India], Aug 6 (ANI): Micro-finance company Satya MicroCapital Limited on Monday announced raising of funds worth Rs. 43 crores in its latest equity funding round led by Gojo & Company, Inc.
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वित्तीय समावेशन सरकार की सबसे बड़ी कामयाबी- राजनाथ सिंह 4.8.2018 Govt of India: PIB Hindi
गृह मंत्री राजनाथ सिंह ने कहा है कि ग्रामीण बैंक देश की बैंकिंग व्यवस्था की रीढ़ हैं। लखनऊ में ग्रामीण बैंक ऑफ आर्यावर्त द्वारा सभी ऋण खाता धारकों के लिए शुरू की गई निशुल्क आर्यावर्त दुर्घटना सह विकलांगता बीमा योजना का विमोचन करते हुए गृह मंत्री ने कहा कि ऐसी योजनाओं का विशेष महत्व है।
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3.49 Crore New Entrepreneurs Benefited Through Mudra Yojana 1.8.2018 Govt of india: PIB
Employment generation coupled with improving employability is the priority of the Government. The Government is implementing various programs in this direction like encouraging private sector of economy, fast tracking various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt.Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Deendayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM).
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Aye Finance raises USD 10 Mn from B.V and MicroVest Fund 27.7.2018 Sify Finance
[India], July 27 (ANI): Aye Finance has announced raising funds worth USD 10 million in debt funding from leading global impact investment managers- Triple Jump BV and MicroVest Funds, through the
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One market place for Public Sector Bank loans 24.7.2018 Govt of india: PIB
A reforms agenda based on recommendations made by Whole-Time Directors and senior management of Public Sector Banks (PSBs) has been referred by the Government to PSBs for action as per approval by the bank’s Board.
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Bill introduced in Lok Sabha to change classification of MSMEs 23.7.2018 Sify Finance
A bill was introduced in the Lok Sabha on Monday seeking to change the classification of Micro, Small and Medium Enterprises (MSMEs) from that based on "investment in plant and machinery/equipment" to "annual turnover".
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Sloshing in capital, Bandhan struggles to find new borrowers 18.7.2018 DNA: Urban Tales
With surging deposit base and ever-rising profits, Bandhan Bank is now facing the problem of plenty for its capital deployment. At a time when most of the top rung scheduled commercial banks are either waiting for the government to infuse capital or are burdened with dud loans, Bandhan is witnessing a surge in deposits which grew 37% on year to Rs 30,703 crore as on end of first quarter. Add to it, its bottom line for the first quarter grew by 47.51% to Rs 482 crore. The bank's capital base has surged so much that its capital adequacy ratio has now touched 32.61%, compared to State Bank of India's 12.60%. "It takes time to find opportunities in deploying capital. As a universal bank, we would continue to focus on the retail segment, particularly in rural areas. The board has been deliberating on our strategic plans and we have decided to continue to focus on micro-lending which will help us to contain our risks," says promoter and managing director Chandra Shekhar Ghosh. Attractive deposit rates, coupled ...
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PMEGP Generated Over 11 Lakh Employments in Last Three Years 18.7.2018 Govt of india: PIB
Prime Minister’s Employment Generation Programme, PMEGP  is estimated to have generated over 11,13, 000 employments during the last three years i.e. 2015-16 to 2017-18. This information was given by Minister of state for Micro,Smalland Medium Enterprises, Shri Giriraj Singh in a written reply in the Rajya Sabha today.
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Bandhan Bank Q1 net rises 47.5% to Rs 482 crore 18.7.2018 DNA: Bangalore
Bandhan Bank Q1 net rises 47.5% to Rs 482 crore
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Bandhan Bank first-quarter profit surges on higher interest income 18.7.2018 Reuters: Money News
India's Bandhan Bank Ltd posted a 47 percent surge in its quarterly profit on Wednesday, helped by higher interest income.
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Women empowerment is not only a national goal but also a global agenda: Vice President 16.7.2018 Govt of india: PIB
The Vice President of India, Shri M. Venkaiah Naidu has said that empowerment of women is central to achieving the objective of inclusive, equitable and sustainable development and it is not only a national goal but also a global agenda.
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Banks, HFCs ride on sub-prime borrowers 9.7.2018 Rediff: Business
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
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मंत्रिमंडल ने क्षेत्रीय ग्रामीण बैंकों की पुनर्पूंजीकरण योजना को 2019-20 तक विस्‍तार देने की मंजूरी दी 4.7.2018 Govt of India: PIB Hindi
      प्रधानमंत्री श्री नरेन्‍द्र मोदी की अध्‍यक्षता में केन्‍द्रीय मंत्रिमंडल ने क्षेत्रीय ग्रामीण बैंकों की पुनर्पूंजीकरण योजना को अगले तीन वर्षों अर्थात् 2019-20 तक विस्‍तार देने की मंजूरी दी है। इसके माध्‍यम से आरआरबी को न्‍यूनतम निर्धारित पूंजी को 9 प्रतिशत के जोखिम परिसंपत्ति अनुपात (सीआरएआर) पर बनाये रखने में सहायता मिलेगी।
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Satya MicroCapital expands presence in 9 states 3.7.2018 Sify Finance
[India], July 3 (ANI): Indian micro financing group Satya Micro Capital announced its expansion with opening of 13 new branches across nine states, thus taking its presence to a total of 11 states
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How GST 'killed' Tirupur, once a vibrant textile town 3.7.2018 Rediff: Business
Most industry players in Tirupur feel that though the idea of GST is good, the problems are largely due to its poor implementation. Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs.
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