User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Apr 22 2018 01:38 IST RSS 2.0
 
1 to 20 of 21,679    
Extending National Health Protection 21.4.2018 Hindu: Open Page
The uninsured masses in rural India need the coverage more than any other segment of the population
Also found in: [+]
Assam Financial Corporation celebrates 65th foundation day 21.4.2018 The Assam Tribune
Assam Financial Corporation celebrates 65th foundation day
Also found in: [+]
Beesis help women in the informal sector survive in tough times 20.4.2018 Hindu: Health
Put 20 women together and they’ll find a way to beat a hostile system
Also found in: [+]
Ahead of monsoon, rural economy at risk of slowdown over cash crunch 19.4.2018 Business Standard: News Now
With cash transactions routed through banks taking a hit due to a cash crunch, the rural economy is at the risk of a slowdown ahead of the monsoon. More so in Utar Pradesh, Andhra Pradesh, Telangana, Maharashtra and Gujarat. Post-harvest rabi and pre-kharif loan offtake, typically around April, have been lower by as much as 50 per cent in several states. In southern states, where chit funds are popular instruments for investment in rural areas, defaults have risen. According to bankers, if the cash crunch persists, payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme would be hit."Rural branches in some states are fast running out of cash.If this continues, timely MGNREGS payments might be a problem," said a banker with a public sector institution. "Farmers are facing huge problems in getting loans. For example, at the Amreli cooperative bank in Gujarat, loan disbursements are 90 per cent less than usual. We have written to the Reserve Bank and the finance ...
Also found in: [+]
‘Sooner or later, there will be a new financial crisis’ 17.4.2018 Hindu: Economy
Regulators, governments to blame, says CADTM’s Toussaint
Also found in: [+]
अटल पेंशन योजना (एपीवाई) में भारत सरकार के योगदान के रूप में 121 करोड़ रुपये जारी किए गए, 12 अप्रैल 2018 तक एपीवाई के तहत पंजीकृत सदस्‍यों की कुल संख्‍या बढ़कर 97.60 लाख से भी ऊपर चली गई है 17.4.2018 Govt of India: PIB Hindi
 अटल पेंशन योजना (एपीवाई) को देश भर के शहरी एवं ग्रामीण क्षेत्रों में एपीवाई सेवा प्रदाताओं द्वारा क्रियान्‍वित किया जा रहा है जिनमें सार्वजनिक क्षेत्र के बैंक (पीएसबी), निजी क्षेत्र के बैंक, क्षेत्रीय ग्रामीण बैंक (आरआरबी), सहकारी बैंक और डाक विभाग शामिल हैं।
Also found in: [+]
FDI threshold set at $20 million for merchant banking, asset management 16.4.2018 Latest News
These activities also include money changing business and credit rating agencies
Also found in: [+]
Make In India, a valuable opportunity for entrepreneurs: Bhamre 16.4.2018 General News
The 'Make in India' initiative provides "a valuable opportunity" to French and Indian entrepreneurs to enter the defence equipment manufacturing field in India, junior Defence Minister Subhash Bhamre said today. Speaking at a day-long conference on 'Indo-French Defence and Aerospace Cooperation' in New Delhi, the Union minister of state for defence said the medium, small and micro enterprises in India are capable of contributing to the global supply chain. "The Make in India initiative offers a valuable opportunity to the French and Indian enterprises to enter into production of defence equipment in India." In India's "quest" for self-reliance in defence and aerospace, the challenge is to bridge the technological gaps, he said. Counting the factors favouring India including "colossal" requirement, strength of small and medium sector enterprises and a young, skilled manpower, Bhamre said "the opportunities are phenomenal for any country willing to partner with India." To optimise the ..
Also found in: [+]
Beyond religion: Muslim cooperative society helps transform lives of Hindus, others (IANS Special Series) 15.4.2018 General News
Kamla Devi, Pankaj Kumar, Geeta Devi and Sanjay Singh, all Hindus, share one thing in common. Their lives have been transformed through "interest-free" loans provided by a Muslim cooperative credit society in Bihar, yet another example how integrated Indian society has always been at the grassroot level.
Also found in: [+]
Ujjwala Yojana: Dharmendra Pradhan launches LPG scheme for BPL in Telangana 14.4.2018 Latest News
Pradhan also said by the next year-end, over 2 million new gas connections will be provided in the state
Also found in: [+]
IOC to distribute over 655,000 LPG connections to BPL families in northeast 14.4.2018 Latest News
Under this initiative, the government will give the deposit money on behalf of the beneficiaries
Also found in: [+]
Happy Loans acquires NBFC to strengthen its foothold in microlending space 13.4.2018 Sify Finance
[India], Apr. 12 (ANI): Digital lending platform focusing on micro-credit for the MSME sector Happy Loans, on Thursday said that it has acquired a Non-Banking Financial Company (NBFC) IFMR
Also found in: [+]
Microfinance case:VACB gets HC nod 12.4.2018 Hindu: Fitness
Vellappally’s plea seeking to quash FIR dismissed
Also found in: [+]
11 cr people benefited from Mudra scheme: PM 11.4.2018 General News
Prime Minister Narendra Modi today said around 11 crore people have been benefited from the government's flagship Mudra scheme. Modi said this while interacting with over 100 beneficiaries of the Pradhan Mantri Mudra Yojana (PMMY), from across the country, at his residence here, said a statement. The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under the PMMY. These loans are given by commercial banks, regional rural banks, small finance banks, cooperative banks, micro finance institutions and non-banking financial companies. As per the statement, Modi appreciated the efforts of the entrepreneurs who have made good use of the Mudra loans. He said that 11 crore people have so far been benefited from the scheme. One of the aims of this scheme, the prime minister said, is also to increase "self-confidence among the people". Modi ...
Also found in: [+]
Kerala HC rejects plea to quash FIR against SNDP chief 11.4.2018 General News
Powerful SNDP Yogam supremo Vellapally Natesan on Wednesday suffered a major setback when the Kerala High Court dismissed his plea seeking quashing of an FIR registered against him over alleged fraud and financial misappropriation in a microfinance scheme.
Also found in: [+]
SIDBI to focus on 115 aspirational districts, promote micro enterprises 10.4.2018 General News
Small Industries Development Bank of India (Sidbi) has charted a plan to promote micro enterprises in 115 aspirational districts across the country to contribute in their development. The bank has tied up with Common Service Centre (CSC) to meet this objective, Sidbi Chairman and Managing Director Mohammad Mustafa told PTI. "SIDBI has decided to focus on 115 aspirational districts to run micro enterprises promotion programme (MEPP), which will be run with the help of CSC," he said. The 'Transformation of Aspirational Districts' programme which was launched by Prime Minister Narendra Modi on January 5 this year, aims to bring about socio-developmental changes in these backward districts which have been chosen from all states of the country. District magistrates of these areas have been made prabhari' officers, who will implement the parameters under the programme. They will be assisted in this task by additional secretaries of central ministries in the national capital. The objective ..
Also found in: [+]
NBFCs' retail credit may grow at 17-19% in FY19: Icra 10.4.2018 General News
Rating agency Icra today revised the outlook on NBFCs' retail credit growth upwards to about 17-19 per cent for FY18 and said the growth trend will hold in the current financial year also. The total managed NBFC-retail credit of NBFCs stood at around Rs 7 trillion as on December 31, 2017 (Rs 6.1 trillion in March 2017), posting a year-on-year growth of 18.3 per cent, compared with nearly 15.5 per cent in FY17 and 19 per cent in FY16. "The growth was supported by a healthy uptick witnessed in some key asset classes namely, commercial vehicles (CV), unsecured credit (including microfinance) and SME credit; these segments together accounted for about 60 per cent of the total NBFC-retail credit as of December 2017," said A M Karthik, assistant vice-president and sector head (financial sector ratings), Icra. The credit growth had dipped, post demonetisation, and remained subdued because of the uncertainties around the impact of GST implementation, the report said. The key ...
Also found in: [+]
Kaleidofin raises $2.8mn towards expansion of customer-base, investments 9.4.2018 General News
FinTech platform Kaleidofin announced that it has raised USD 2.8 million in a seed round of investments to accelerate customer acquisition pan-India, expand the company's network of strategic partners, and enable deep investments in technology and analytics."We believe that everyone deserves and requires access to financial solutions that are intuitive and easy to use, flexible and personalised to real goals. This can make financial progress and financial freedom possible for everyone. Kaleidofin aims to be the financial advisor for potentially 600 million plus informal sector customers, all delivered in a simple, easy-to-use mobile app. No more fitting customers to products, the customer is always at the center. The Kaleidofin platform will ensure every customer gets the right solution," said Kaleidofin founder, Sucharita Mukherjee.It is estimated that more than 200 million households in India have no access to formal savings, insurance, and investments. Kaleidofin seeks to tap into .
Also found in: [+]
Kaleidofin raises $2.8mn towards expansion of customer-base, investments 9.4.2018 Sify Finance
[India], Apr. 9 (ANI): FinTech platform Kaleidofin announced that it has raised USD 2.8 million in a seed round of investments to accelerate customer acquisition pan-India, expand the company's
Also found in: [+]
Nobel laureate Muhammad Yunus not in favour of PSBs' privatisation in India 8.4.2018 Business Standard: News Now
Fraud in anything is bad, frauds in banks is more sensitive thing, so we have to find a way to stop it, said Yunus
Also found in: [+]
1 to 20 of 21,679