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Tuesday, November 5, 2024

micro-finance institutions (MFIs)

Nirmala Sitharaman announces relief package of Rs 6,28,993 crore to support Indian economy in fight against COVID-19 pandemic

Rs 1.1 lakh crore loan guarantee scheme for COVID affected sectors • Additional Rs 1.5 lakh crore for Emergency Credit Line Guarantee Scheme • Credit Guarantee Scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs) • Financial support...

More than 28.68 crore loans for an amount of Rs 14.96 lakh crore sanctioned by Banks, NBFCs and MFIs since launch of the PMMY

PMMY helped in generation of 1.12 crore net additional employment from 2015 to 2018 Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes. Financial needs of all stakeholders ranging from...

Scheme of Special Micro-Credit Facility launched for Street Vendors – Striving towards Atmanirbhar Bharat

A Memorandum of Understanding has been signed between Ministry of Housing & Urban Affairs and Small Industries Development Bank of India (SIDBI), here today, in order to engage SIDBI as the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi...

Nirmala Sitharaman announces measures for businesses, especially MSMEs

Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of Funds New Definition of MSME and other Measures for...
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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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