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MSMEs In India Generated Over 20.5 Crore Jobs In 4 Years: Centre
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.
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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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Government To Increase Guarantee Limit For Education Loan To Rs 10 Lakh: Report
Under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) a student can avail education upto Rs 7.5 lakh without any collateral security or third-party guarantee.
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Finance Minister May Urge Bankers To Sanction Key Sector Loans During Meet
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review performance of the lenders
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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
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What Is Emergency Credit Line Guarantee Scheme? Read Here
As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme
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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.
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Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
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Healthcare Sector Needs Financial Support, Says Nirmala Sitharaman
The Centre is in constant touch with various stakeholders to support economic growth, Finance Minister Nirmala Sitharaman has said.
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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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Banking Shares Fall After Government's Loan Guarantee Scheme Announcement
The gauge of 12 banking stocks on the National Stock Exchange - Nifty Bank index - was top sectoral loser. The measure fell as much as 445 points or over 1 per cent to fall below its important psychological level of 35,000.
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Rs 1 Lakh Loan Guarantee To Tourist Guides, Free Visas To Revive Tourism
The scheme will cover 10,700 regional level tourist guides recognized by Ministry of Tourism and Tourist Guides recognized by the State Governments.
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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.
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To Perk Up Economy, 8 New Schemes, Health And Tourism In Focus
Finance Minister Nirmala Sitharaman today announced eight new schemes to boost an economy ravaged by Covid, with a special focus on health and tourism. The measures include a Rs 1.1 lakh crore loan guarantee scheme for the Covid-affected and an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched a...
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Nirmala Sitharaman Announces 8 Major Economic Relief Measures: Key Highlights
FM Nirmala Sitharaman announced eight major economic relief measures and Rs 1.1 lakh crore loan guarantee scheme for the sectors affected by the COVID-19 pandemic.
-
MSMEs In India Generated Over 20.5 Crore Jobs In 4 Years: Centre
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.
-
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.
-
Government To Increase Guarantee Limit For Education Loan To Rs 10 Lakh: Report
Under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) a student can avail education upto Rs 7.5 lakh without any collateral security or third-party guarantee.
-
Finance Minister May Urge Bankers To Sanction Key Sector Loans During Meet
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Monday to review performance of the lenders
-
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
-
What Is Emergency Credit Line Guarantee Scheme? Read Here
As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme
-
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.
-
Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
-
Healthcare Sector Needs Financial Support, Says Nirmala Sitharaman
The Centre is in constant touch with various stakeholders to support economic growth, Finance Minister Nirmala Sitharaman has said.
-
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.
-
Banking Shares Fall After Government's Loan Guarantee Scheme Announcement
The gauge of 12 banking stocks on the National Stock Exchange - Nifty Bank index - was top sectoral loser. The measure fell as much as 445 points or over 1 per cent to fall below its important psychological level of 35,000.
-
Rs 1 Lakh Loan Guarantee To Tourist Guides, Free Visas To Revive Tourism
The scheme will cover 10,700 regional level tourist guides recognized by Ministry of Tourism and Tourist Guides recognized by the State Governments.
-
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.
-
To Perk Up Economy, 8 New Schemes, Health And Tourism In Focus
Finance Minister Nirmala Sitharaman today announced eight new schemes to boost an economy ravaged by Covid, with a special focus on health and tourism. The measures include a Rs 1.1 lakh crore loan guarantee scheme for the Covid-affected and an additional Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) that was launched a...
-
Nirmala Sitharaman Announces 8 Major Economic Relief Measures: Key Highlights
FM Nirmala Sitharaman announced eight major economic relief measures and Rs 1.1 lakh crore loan guarantee scheme for the sectors affected by the COVID-19 pandemic.
