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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
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Renewed Loan Guarantee Scheme To Come Into Effect From Tomorrow
A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.
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Lack Of Updated MSME Data Hampering Timely Funds Disbursal
One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them
-
Bad Loans Likely To Rise Up To 9% By Fiscal-End: CRISIL
Gross non-performing assets of banks are likely to rise to 8 per cent to 9 per cent by the end of 2021-22, compared to 7.5 per cent of last year,
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Government Extends Loan Guarantee Scheme For Small Units
Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.
-
Loans Worth Rs 15 Lakh Crore Sanctioned Under Mudra Scheme In 6 Years: Centre
Government has sanctioned loans amounting Rs 15.5 lakh crore under its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
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Government Cleared More Than 53 Lakh Loans During June-End Period Of 2021-22
Credit Guarantee Scheme: Loans worth Rs 2,72,007 crore between April-June period of 2021-22 were cleared under the scheme.
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Financial Inclusion To Be Focus Area In Post Pandemic Age, Says RBI Governor
RBI Governor Shaktikanta Das: Reserve Bank will continue to address the concerns of over-indebtedness of micro finance borrowers.
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Centre Announces Rs 1.5 Lakh Crore For Emergency Credit Line Guarantee Scheme
The maximum loan tenure will be of three year and 80 per cent of assistance will be used by micro finance institutions for incremental lending.
-
RBI Norms Enable Secure Banking Ecosystem, D-Street May Be Disappointed: Experts
The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.
-
Loan Moratorium Cannot Be Extended, Says Supreme Court
The loan relief was meant for personal, housing, education, auto and consumer durables loans, loans to micro, small and medium enterprises (MSME), besides loans to micro, small and medium enterprises (MSME)
-
Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
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BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
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Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
-
Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
-
Renewed Loan Guarantee Scheme To Come Into Effect From Tomorrow
A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.
-
Lack Of Updated MSME Data Hampering Timely Funds Disbursal
One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them
-
Bad Loans Likely To Rise Up To 9% By Fiscal-End: CRISIL
Gross non-performing assets of banks are likely to rise to 8 per cent to 9 per cent by the end of 2021-22, compared to 7.5 per cent of last year,
-
Government Extends Loan Guarantee Scheme For Small Units
Credit guarantee scheme for subordinate debt for MSMEs, which are financially stressed, has been extended by the government till March 31, 2022.
-
Loans Worth Rs 15 Lakh Crore Sanctioned Under Mudra Scheme In 6 Years: Centre
Government has sanctioned loans amounting Rs 15.5 lakh crore under its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
-
Government Cleared More Than 53 Lakh Loans During June-End Period Of 2021-22
Credit Guarantee Scheme: Loans worth Rs 2,72,007 crore between April-June period of 2021-22 were cleared under the scheme.
-
Financial Inclusion To Be Focus Area In Post Pandemic Age, Says RBI Governor
RBI Governor Shaktikanta Das: Reserve Bank will continue to address the concerns of over-indebtedness of micro finance borrowers.
-
Centre Announces Rs 1.5 Lakh Crore For Emergency Credit Line Guarantee Scheme
The maximum loan tenure will be of three year and 80 per cent of assistance will be used by micro finance institutions for incremental lending.
-
RBI Norms Enable Secure Banking Ecosystem, D-Street May Be Disappointed: Experts
The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.
-
Loan Moratorium Cannot Be Extended, Says Supreme Court
The loan relief was meant for personal, housing, education, auto and consumer durables loans, loans to micro, small and medium enterprises (MSME), besides loans to micro, small and medium enterprises (MSME)
-
Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
-
BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
-
Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
