The Reserve Bank of India has proposed a ban on incentives paid by third parties to bank staff for selling insurance, mutual funds, and other products to prevent mis-selling of financial services. The central bank also prohibits dark patterns...
Challenges faced by the Indian MSMEs
For the Indian economy with a population of 1.3 billion and the highest demographic dividend, the MSME sector is undeniably a crucial job provider but the challenges facing Indian MSMEs impede their growth. The...
On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the economy, Government has further enlarged the scope of Emergency Credit Line Guarantee Scheme as under:
(i) ECLGS 4.0:100% guarantee cover...
Government of India announced creation of ‘Distressed Assets Fund- - Subordinate Debt for Stressed MSMEs’ on 13th May, 2020, under the AatmaNirbhar Bharat Package.
Accordingly, a scheme viz. ‘Credit Guarantee Scheme for Subordinate Debt’ was approved by the Government on 1st June,...
