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MICROCREDIT FACILITY
Street vendors earn more, go digital under PM-SVANidhiThe PM-SVANidhi scheme has significantly boosted street vendor incomes by 20%. Digital transactions by vendors have nearly doubled, reachin...- These 8 private and public banking stocks have an upside of up to 35% in one year, according to analystsThere was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norm...
- Microcredit scheme for gig, platform workers in worksA new microcredit scheme is being finalized to offer collateral-free loans up to Rs 10,000 annually to gig workers and domestic helps. This...
- India Budget: Government to establish Urban Challenge Fund of Rs 1 lakh croreBudget 2025: The Indian government will create an urban challenge fund of Rs 1 lakh crore to support proposals for 'Cities as Growth Hubs'....
- Will revamp PM SVANidhi scheme for street vendors: Sitharaman in Budget speechThe PM SVANidhi scheme for street vendors, as presented by Union Finance Minister Nirmala Sitharaman, will be revamped with increased loan ...
- 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 ...
- Centre shuts down Rashtriya Mahila KoshThe government shut down Rashtriya Mahila Kosh due to the availability of alternative credit facilities, transferring its operations to Sma...
- Karnataka Bank & Clix Capital partner for co lendingThe partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employm...
- Govt to focus on micro credit facility for street vendors in 2023: Ashwini VaishnawThe PM Street Vendor's Atma Nirbhar Nidhi (SVANidhi) Scheme was launched in June 2020 as a Micro-Credit facility which aims to empower stre...
- Sidbi likely to revamp microfinance equity fund schemeThe Microfinance Institutions Network (MFIN) is in talks with Sidbi to revamp the fund, MFIN chief executive Alok Misra said.Misra said tha...
- PM pulls up seven states, including Bihar, Assam and Delhi for tardy progress in PM SVANidhi schemeThe scheme will incentivize digital transactions by vendors through cash back facility. The PM hence also directed that digital on-boarding...
- Women can propel India to second green revolution: Agriculture MinisterWomen play an important role in the agri sector through labour supervision and participation in post-harvest operations, Singh said.
- Tata Trusts supports microcredit initiative to fight povertyTata Trusts said it has extended its support for a period of four years to Rang De an internet-driven micro-lending platform, to fight pove...
- Bandhan Microfinance keen on banking foray; securitises Rs 355 crore loansBandhan Microfinance is preparing to apply for banking licence as it meets all the criteria specified in the final guidelines released by t...
- Giving a fair chance: UtkarshUtkarsh is the first MFI in India to get funding from IFC.
- Microfinance- A magical economic panacea?Microfinance to me is simply a tool for empowering the 'bottom billion' of the world with unprecedented financial independence, if employed...
- Danone plans to open second yogurt plant in BangladeshFrench food group Danone plans to build a second yogurt-producing plant in Bangladesh in conjunction with the Grameen Bank, Danone chief ex...
- Yunus for legal cap on microfin ratesOne of the founding fathers of microcredit and Nobel peace laureate Mohammed Yunus is in favour of a regulatory ceiling on interest rates c...
- Microcredit catching up with peopleBanks and micro-finance institutions (MFIs) are now offering credit to community-based projects like provision of clean water, common energ...
- Rural credit delivery must change: JatiyaNEW DELHI: The government needs to draw up a fresh blueprint for the structural transformation of the rural credit delivery system in order...
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