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MUDRA LOAN APPROVAL
AU SFB Q4 Results: PAT jumps 65% YoY to Rs 832 crore, NII rises 23%AU Small Finance Bank reported a robust 65% year-on-year surge in net profit for the March quarter, reaching Rs 832 crore. The lender also ...- Rs 39.48 lakh cr sanctioned so far under PM-MUDRA, NPAs at around 2 pc: FM SitharamanThe Pradhan Mantri MUDRA Yojana has empowered numerous small entrepreneurs. Over Rs 39 lakh crore has been sanctioned since its launch. Non...
- Got a Rs 7 Lakh PM Mudra loan approval asking for Rs 860? You are being scammedScammers are using fake approval letters on social media, claiming eligibility for PM Mudra loans and demanding a fee for release. The Pres...
- Centre's push for homestays via Mudra loans can boost local economies, say stakeholdersThe Centre's move to promote homestays through Mudra loans has been welcomed by stakeholders, who believe it will boost local economies and...
- Private Banks seek reduction in Mudra targetsPrivate banks are pushing for a reduction in Mudra loan targets, citing concerns about potential stress on MSME loans. While govt data show...
- Finance Ministry calls meeting with PSBs to review financial inclusion schemes ahead of budgetFinance ministry has scheduled a meeting on Tuesday with heads of state-owned banks and financial institutions. The purpose of the meeting ...
- Banks told to alert customers on frauds related to Mudra loansThe government has asked banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances o...
- Finance Ministry gives progress report on Atmanirbhar packageThe finance ministry noted that Rs 25,000 crore has been disbursed from Additional Emergency Working Capital Funding for farmers through NA...
- Cooperative banks brought under RBI supervisionThe Union Cabinet approved inclusion of co-operative banks under supervisory powers of the Reserve Bank of India, while announcing a Rs 1,5...
- Government announces 2 per cent interest subsidy for small borrowers under Mudra YojanaThe 2 per cent interest subvention is estimated cost of the exchequer approximately Rs 1,542 rore, Information and Broadcasting Minister Pr...
- Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief packageIt seeks to provide much-needed relief to the MSME sector by incentivising lending institutions to provide additional credit of up to Rs 3 ...
- How small businesses can get collateral free loans easilyThose keen on starting small businesses can tap government-backed schemes and online lenders for collateral free loans.
- Mukhtar Abbas Naqvi castigates 'champions of corruption' for flaying Modi governmentAddressing a 'Pradhan Mantri Mudra Yojana' promotion camp here, Naqvi said the Centre's demonetisation decision, heavily criticised by oppo...
- DIPP to set credit fund norms for startups“Earlier, the matter was being dealt with by the department of finance. We have started the work and it should be finalised by September,” ...
- Banks disburse over Rs 1.15 lakh crore under Pradhan Mantri MUDRA YojanaWith regard to Banks Board Bureau, Duggal said, she would be meeting chairman Vinod Rai this week to discuss operationalisation of this spe...
- MUDRA loans disbursed to borrowers: Finance MinistryThe finance ministry noted that micro finance institutions (MFIs) can become member lending institutions (MLIs) with MUDRA (SIDBI) Bank for...
- Cabinet approves ‘Stand Up India’ scheme, credit guarantee fund for Mudra Yojana to be createdThe cabinet also approved conversion of MUDRA Ltd, a non-banking financial company, into MUDRA Small Industries Development Bank of India (...
- Government nod to Stand Up plan for SC, ST and women entrepreneursThe Stand Up India Scheme will be a refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of R...
- Government approves conversion of MUDRA into bankCabinet approved conversion of MUDRA Ltd, into MUDRA Bank and also setting up of a Credit Guarantee Fund for loans disbursed under MUDRA Yo...
- Mudra Lifestyle’s Rs 475-cr debt restructuring package approved by lendersThe lenders, including State Bank of India, Axis Bank and Oriental Bank of Commerce have agreed to sacrifice Rs 45.50 crore to recast the l...
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