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...
22 Nov, 2024, 06.48 AM IST
Public sector banks' NPAs on Mudra loans fall to 3.4 pc in 2023-24: SitharamanFinance Minister Nirmala Sitharaman announced that public sector banks' non-performing assets (NPAs) for Mudra loans declined to 3.4% in 20...
05 Aug, 2024, 02.52 PM IST
NPAs from MUDRA loans in Maharashtra at 16.32% till June 2022: Official dataParbhani district in the backward Marathwada region of Maharashtra has the highest non-performing assets (NPAs) at 60.54 per cent, accordin...
07 Sep, 2022, 11.46 AM IST
No relief for Mudra Shishu loan borrowers during moratoriumThe subvention will begin from June for the next one year for borrowers that had opted out of the moratorium offer. RBI extended the morato...
03 Jul, 2020, 07.03 PM IST
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...
24 Jun, 2020, 06.59 PM IST
Nearly 15 per cent of State Bank of India's Mudra loan portfolio turned bad“We have tweaked the model and changed it to e-mudra," Kumar said. "Some parameters are changed and now the NPA ratio has reduced to 10% in...
18 Jun, 2020, 07.59 PM IST
PSBs are committed to Mudra scheme as a social obligation: UBI’s Sanjay NarayanAsked about how the PSB looks at the growing menace of NPAs in the scheme, Narayan was of the view that any business product with a busines...
22 Jan, 2020, 12.55 PM IST
RBI deputy governor red-flags rising stress in Mudra loansThe Mudra loan scheme was launched to help the highly under-funded SMEs in 2015.
27 Nov, 2019, 10.22 AM IST
Mudra loan NPAs soar 34% in Gujarat in March quarterNarendra Modi had launched the Pradhan Mantri Mudra Yojana (PMMY) in 2015 during his first stint, where small businesses were provided loan...
10 Jun, 2019, 09.51 PM IST
Govt may miss disbursal target of Rs 3 lakh crore Mudra loansThe government reported NPA level in Mudra loan portfolio to be 5.39 per cent in March 2018.
12 Mar, 2019, 08.57 AM IST
Economic Survey: Large businesses corner 82.6% of credit, MSMEs get a paltry 17.4 %Contributing 32% to the country's Gross Value Added (GVA), MSMEs also pave the way for industrialisation in rural and backward areas.
29 Jan, 2018, 04.58 PM IST
Allahabad Bank eyes MUDRA, SME category for business growthThe 153 years old bank with a customer base of 45 million customers has 3,394 branches in India and one overseas branch in Hong Kong.
07 Dec, 2017, 09.01 PM IST
Capital infusion of PSBs to support credit growth,job creationThe capital infusion of PSBs entails mobilisation of capital, with maximum allocation in the current year, to the tune of about Rs 2,11,000...
25 Oct, 2017, 11.44 AM IST
RBI examining relaxing NPA classification limit beyond 90 daysIn case of small businesses and SMEs payments come usually late. Once they miss 90-day period and fall in the NPA category, their credit li...
13 Jun, 2017, 06.17 PM IST
Need to strengthen loan restructuring mechanism: MoS Finance Arjun Ram MeghwalArjun Ram Meghwal Meghwal said the government brought in the ordinance giving wide-ranging legislative powers to the Reserve Bank on the no...
11 Jun, 2017, 12.26 PM IST
Private banks, MFIs also offer MUDRA loans: Credit SuisseMUDRA is an initiative by the government to provide financial assistance for entrepreneurship to the bottom of the pyramid.
09 Aug, 2016, 03.53 AM IST
Higher Mudra loans may not cause banking sector stress: Credit SuisseMUDRA is an initiative of the government to provide financial assistance for entrepreneurship to the bottom of the pyramid. It was set up l...
08 Aug, 2016, 08.22 PM IST