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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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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.
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Prime Minister Narendra Modi Reviews Micro Credit Scheme For Street Vendors
Prime Minister Narendra Modi on Saturday reviewed the implementation of a special micro-credit facility for street vendors, stressing that it should not be seen from the perspective of extending loans to them but as part of an outreach for their holistic development and economic uplift.
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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Yogi Adityanath Distributes Rs 2,000 Crore In Loans At UP's Online MSME Fair
Chief Minister Yogi Adityanath on Thursday launched an online fair aimed to boost the Micro, Small and Medium Enterprises (MSME) hit by the coronavirus pandemic and distributed loans worth over Rs 2,000 crore to the entrepreneurs.
-
UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
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What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
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Longer Loan Moratorium Among 5 Points In Sonia Gandhi's Letter To PM
Congress chief Sonia Gandhi has written a letter to Prime Minister Narendra Modi with five recommendations to help the micro, small and medium scale enterprises (MSME) sector amid the coronavirus pandemic. Mrs Gandhi said MSMEs contribute close to one-third to India's gross domestic product (GDP) and account for almost 50 per cent of the country's ...
-
Uber Plus Driver Rewards Programme Rolled Out in India, Includes Free Doctor Access, Micro Loans
Uber on Wednesday rolled out a driver rewards programme called "Uber Plus" in India that will let drivers earn points for rides so that they can win free doctor consultations, concessions on education modules, access to micro loans, faster airport pick ups and savings on vehicle maintenance costs.
-
In "Diwali Gift" For Small Businesses, PM Modi Launches 59-Minute Loans
Prime Minister Narendra Modi on Friday launched a 59-minute loan programme and other moves to help small businesses as part of the centre's "support and outreach initiative" for micro, small and medium enterprises (MSMEs) in New Delhi. "Loan requests for up to Rs 1 crore will be cleared in about the same time it takes for your morning commute," he ...
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India Inc Hails RBI Retaining Repo Rate, Relief For MSME Sector
In addition to the policy review, India Inc also hailed the RBI move to extend the time for repayment of loans by micro, small and medium enterprises (MSMEs) to 180 days -- providing relief to the focus sector.
-
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.
-
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.
-
Prime Minister Narendra Modi Reviews Micro Credit Scheme For Street Vendors
Prime Minister Narendra Modi on Saturday reviewed the implementation of a special micro-credit facility for street vendors, stressing that it should not be seen from the perspective of extending loans to them but as part of an outreach for their holistic development and economic uplift.
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
-
Yogi Adityanath Distributes Rs 2,000 Crore In Loans At UP's Online MSME Fair
Chief Minister Yogi Adityanath on Thursday launched an online fair aimed to boost the Micro, Small and Medium Enterprises (MSME) hit by the coronavirus pandemic and distributed loans worth over Rs 2,000 crore to the entrepreneurs.
-
UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
-
What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
-
Longer Loan Moratorium Among 5 Points In Sonia Gandhi's Letter To PM
Congress chief Sonia Gandhi has written a letter to Prime Minister Narendra Modi with five recommendations to help the micro, small and medium scale enterprises (MSME) sector amid the coronavirus pandemic. Mrs Gandhi said MSMEs contribute close to one-third to India's gross domestic product (GDP) and account for almost 50 per cent of the country's ...
-
Uber Plus Driver Rewards Programme Rolled Out in India, Includes Free Doctor Access, Micro Loans
Uber on Wednesday rolled out a driver rewards programme called "Uber Plus" in India that will let drivers earn points for rides so that they can win free doctor consultations, concessions on education modules, access to micro loans, faster airport pick ups and savings on vehicle maintenance costs.
-
In "Diwali Gift" For Small Businesses, PM Modi Launches 59-Minute Loans
Prime Minister Narendra Modi on Friday launched a 59-minute loan programme and other moves to help small businesses as part of the centre's "support and outreach initiative" for micro, small and medium enterprises (MSMEs) in New Delhi. "Loan requests for up to Rs 1 crore will be cleared in about the same time it takes for your morning commute," he ...
-
India Inc Hails RBI Retaining Repo Rate, Relief For MSME Sector
In addition to the policy review, India Inc also hailed the RBI move to extend the time for repayment of loans by micro, small and medium enterprises (MSMEs) to 180 days -- providing relief to the focus sector.
