Loans worth about Rs 40,600 crore covering 1.8 lakh entrepreneurs have been sanctioned so far under the Stand Up India Scheme, said Union finance minister Nirmala Sitharaman.
The impact of Pakistan's economic downfall is far-reaching and devastating. The situation for people in Pakistan-occupied Kashmir (PoK), who were already grappling with a multi-faceted crisis, has worsened quickly.
Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22.
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
While speaking to ANI, Saurabh Bhardwaj said, "I came to see the Covid-19 preparedness in the hospital. This hospital caters to a larger patient load so inspected the Outpatient Department (OPD). Now we will hold discussions with the doctors and also review the status of oxygen plants in the
Pune (Maharashtra) [India], April 1 (ANI/NewsVoir): Bajaj Finance Limited has launched the Insta Personal Loan as its latest product offering in the loans segment. Existing customers can get a pre-approved personal loan of up to Rs. 10 lakh, with money disbursed within 30 minutes to 4 hours
According to the officials, ED has initiated investigations under the Prevention of Money Laundering Act (PMLA) based upon an FIR registered by CBI, New Delhi against Magnum Steels and others for defrauding Bank of Baroda to the tune of Rs 95.97 crore.
This includes a USD 49.5 million loan to scale up the deployment of electric "smart meters", and a USD 8 million loan guarantee for underserved micro, small and medium enterprises (MSME) in India.
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
Thapa also raised the same concern during his valedictory remarks in the Assembly, wherein he stated, "We have around Rs. 3000 crores of revenue but our loan is about Rs. 27,000 Crores. Instead of plugging the leakage of revenue or increasing the revenue, we are borrowing all the time."
Bengaluru (Karnataka) [India], March 29 (ANI/BusinessWire India): Finnable, a leading fintech start-up, has recently achieved an important milestone by turning profitable within just six years of its inception. The company, founded by Nitin Gupta, Viraj Tyagi, and Amit Arora, all ex-bankers,