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EMERGENCY CREDIT LINE GUARANTEE SCHEME
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMinThe Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen over 1 lakh guarantees issued, totaling Rs 48,484 crore in just one month. ...- Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
- India attracted $843 billion in FDI between 2014-15 and 2025-26: OfficialIndia has seen a significant rise in Foreign Direct Investment, attracting USD 843 billion between 2014-15 and 2025-26. Key government init...
- Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
- Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategyCanara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. Th...
- These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...
- Shivraj Singh Chouhan meets states for smooth shift to VB-G RAM G schemeRural development minister Shivraj Singh Chouhan met state counterparts to ensure the smooth rollout of a new employment guarantee program ...
- 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...
- 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...
- 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...
- 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...
- 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.
- 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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
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