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EMERGENCY CREDIT LINE GUARANTEE SCHEME
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...09 Jun, 2026, 10.44 AM IST- Credit cover for collateral-free education loans may be raised at inter-ministerial consultationsThe government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...09 Jun, 2026, 12.16 AM IST
- Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...05 Jun, 2026, 12.55 AM IST
- Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...04 Jun, 2026, 08.25 PM IST
- BharatPe Flex launched: Pay via UPI now, settle bills later with credit line and up to 45 days of interest-free usageBharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even w...04 Jun, 2026, 05.28 PM IST
- Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth manag...04 Jun, 2026, 03.54 PM IST
- 80% of Indian small businesses grew in 2025, surpassing Asia-Pacific average of 63%: CPA Australia SurveyRising costs remained the main challenge for such businesses in 2025, says the survey.04 Jun, 2026, 11.48 AM IST
- India's MSME growth remains concentrated despite expansion in credit and formalisation: ReportThe study highlights the geography of MSME growth in India and calls for more balanced, targeted expansion of enterprise activity and forma...03 Jun, 2026, 11.50 AM IST
- Demand for MGNREGS work down 28% in MayDemand for MGNREGS work saw a significant drop in May compared to last year. This comes as a new program is slated to replace the current s...02 Jun, 2026, 12.51 AM IST
- India’s shipping services to East Hormuz and Red Sea doubled from FebruaryShipping routes East of Hormuz and in the Red Sea have seen a significant increase in services. The Indian government is also processing a ...01 Jun, 2026, 09.52 PM IST
- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...01 Jun, 2026, 04.16 PM IST
- Iran war: Public sector banks asked to stay preparedPublic sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance a...29 May, 2026, 11.41 PM IST
- IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...27 May, 2026, 06.44 PM IST
- PSBs told to draw up plan to boost rural and informal sector lendingGovernment directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised secto...23 May, 2026, 01.03 AM IST
- Govt's credit guarantee to reduce MSME bad loan risks for banksThe government's Emergency Credit Line Guarantee Scheme 5.0 is set to bolster micro, small, and medium enterprises. Experts believe this in...22 May, 2026, 06.17 AM IST
- Private, govt banks pledge full support to ECLGS 5.0Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to...20 May, 2026, 08.45 PM IST
- SC sends back SpiceJet plea to Delhi HC over₹144 cr depositThe Supreme Court has directed the Delhi High Court to review SpiceJet's request. SpiceJet sought to submit property deeds instead of depos...20 May, 2026, 12.27 AM IST
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