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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.
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Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
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RBI Raises Collateral-Free Farm Loan Limit From Rs 1 Lakh To Rs 1.6 Lakh
The Reserve Bank of India or RBI today raised the limit of collateral-free agricultural loans to Rs 1.6 lakh from the current Rs 1 lakh with a view to help small and marginal farmers.
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"Today's Death Delayed Till Tomorrow": Shiv Sena On Centre-RBI Truce
Signalling a temporary truce, the RBI and the government had agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the top bank must hold, while restructuring of stressed loans of small businesses would be considered by the central bank.
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RBI's Full Statement After Today's 9-Hour Board Meet
The meeting of the board of the Reserve Bank of India ended after over nine hours.Sources say the meeting ended with the central bank agreeing to set up a panel on sharing surplus reserves and restructure loans of small businesses up to Rs. 25 crore.
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PM Launches India's Largest Payments Bank With Shot At Congress: 10 Facts
Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly. The new bank will leverage the postal department's vast network ac...
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Opinion: Nirav Modi Escapes Debts. Farmers, Meanwhile...
The Nirav Modi swindle brought that into sharper effect. The 11,000 crores he has stolen from Indian banks - before being allowed to escape abroad - could have repaid the debts of literally millions of farmers. And to think small farmers commit suicide because of a loan of a few thousands rupees!
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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.
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Kanpur Farmer Thought His Loan Waived, Found Hanging After Bank Notice
There was a sense of relief in the Rajendra Kumar Nishad household earlier this year when Chief Minister Yogi Adityanath government announced a waiver of loans taken by small and marginal household. The 65-year-old farmer had an outstanding loan of 80,000 rupees from 2009. It was for a bore-well in his small farmland in the outskirts of Kanpur dist...
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Pain From India's Phone Wars Extends Beyond RCom's Sibling Spat
RCom is a relatively small player in an industry dominated by the likes of Bharti Airtel and Vodafone, and its financial position is considerably worse than its rivals.
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Madras High Court Directs Waiver Of Loan For All Farmers From Cooperative Banks
In what would come as relief for thousands of farmers, the Madras High Court on Tuesday directed the Tamil Nadu government to waive loans of not just small farmers but all who incurred losses during the drought in the state.
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As PM Modi's Loan Scheme Stutters, A Bid To Pull Up Socks
A group of fruit sellers, mechanics, barbers and cobblers will line up today for a "Credit Mela" or fair in west Delhi, where they will receive envelopes from Finance Minister Arun Jaitley.
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Eye on Bihar, Amit Shah Plans a Mudra Mela for Loans to Small Businesses
BJP chief Amit Shah today met several central ministers to discuss coordination between the party and government on popularising key initiatives, including the Mudra Bank, launched by Prime Minister Narendra Modi in April.
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Govt considering Rs.1000 crore credit risk guarantee fund: PM
Government is mulling setting up a Rs 1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said today even as he asserted that policies cannot have one-size-fits-all approach towards both big and small cities.
-
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.
-
Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
-
RBI Raises Collateral-Free Farm Loan Limit From Rs 1 Lakh To Rs 1.6 Lakh
The Reserve Bank of India or RBI today raised the limit of collateral-free agricultural loans to Rs 1.6 lakh from the current Rs 1 lakh with a view to help small and marginal farmers.
-
"Today's Death Delayed Till Tomorrow": Shiv Sena On Centre-RBI Truce
Signalling a temporary truce, the RBI and the government had agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the top bank must hold, while restructuring of stressed loans of small businesses would be considered by the central bank.
-
RBI's Full Statement After Today's 9-Hour Board Meet
The meeting of the board of the Reserve Bank of India ended after over nine hours.Sources say the meeting ended with the central bank agreeing to set up a panel on sharing surplus reserves and restructure loans of small businesses up to Rs. 25 crore.
-
PM Launches India's Largest Payments Bank With Shot At Congress: 10 Facts
Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly. The new bank will leverage the postal department's vast network ac...
-
Opinion: Nirav Modi Escapes Debts. Farmers, Meanwhile...
The Nirav Modi swindle brought that into sharper effect. The 11,000 crores he has stolen from Indian banks - before being allowed to escape abroad - could have repaid the debts of literally millions of farmers. And to think small farmers commit suicide because of a loan of a few thousands rupees!
-
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.
-
Kanpur Farmer Thought His Loan Waived, Found Hanging After Bank Notice
There was a sense of relief in the Rajendra Kumar Nishad household earlier this year when Chief Minister Yogi Adityanath government announced a waiver of loans taken by small and marginal household. The 65-year-old farmer had an outstanding loan of 80,000 rupees from 2009. It was for a bore-well in his small farmland in the outskirts of Kanpur dist...
-
Pain From India's Phone Wars Extends Beyond RCom's Sibling Spat
RCom is a relatively small player in an industry dominated by the likes of Bharti Airtel and Vodafone, and its financial position is considerably worse than its rivals.
-
Madras High Court Directs Waiver Of Loan For All Farmers From Cooperative Banks
In what would come as relief for thousands of farmers, the Madras High Court on Tuesday directed the Tamil Nadu government to waive loans of not just small farmers but all who incurred losses during the drought in the state.
-
As PM Modi's Loan Scheme Stutters, A Bid To Pull Up Socks
A group of fruit sellers, mechanics, barbers and cobblers will line up today for a "Credit Mela" or fair in west Delhi, where they will receive envelopes from Finance Minister Arun Jaitley.
-
Eye on Bihar, Amit Shah Plans a Mudra Mela for Loans to Small Businesses
BJP chief Amit Shah today met several central ministers to discuss coordination between the party and government on popularising key initiatives, including the Mudra Bank, launched by Prime Minister Narendra Modi in April.
-
Govt considering Rs.1000 crore credit risk guarantee fund: PM
Government is mulling setting up a Rs 1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said today even as he asserted that policies cannot have one-size-fits-all approach towards both big and small cities.
