The expansion of MUDRA loans for homestays has opened a significant opportunity for small businesses in the tourism sector, with potential loans amounting to Rs 1,500 crore under the Shishu category, according to a recent report by the State Bank of India (SBI).
One of the most significant announcements is the issuance of 10 lakh credit cards to micro-enterprises, each with a limit of Rs 5 lakh. Industry leaders believe this move will enhance financial inclusion and ease liquidity challenges for small businesses.
Aimed at diversifying crops and attaining self reliance or Atmanirbharta, the government is set to launch a six-year pulses mission, with particular focus on tur, urad, and masoor.
She said, "Kisaan Credit cards facilitate short-term loans for 7.7 crore farmers, fisherman and dairy farmers. The loan limit under the modified Interest subvention schemes will be enhanced from Rs 3 lakh to Rs 5 lakh for loans taken through KCC."
Mumbai (Maharashtra) [India], February 1: L&T Finance Limited (LTF), a leading Non-Banking Financial Company (NBFC), is transforming the home loan experience with the launch of Knowledgeable AI (KAI), an AI-powered virtual advisor, on its newly redesigned corporate website (www.ltfinance
Visakhapatnam (Andhra Pradesh) [India], February 1: At Cred Buddha, the belief is that achieving financial goals should be simple, transparent, and stress-free. Whether individuals are planning to buy their dream home, start a business, or consolidate their debt, Cred Buddha is dedicated to
The Enforcement Directorate (ED) has arrested four masterminds in connection with fake chinese loan app scam ongoing across the country, the agency said on Friday.
Pune (Maharashtra) [India], January 31: Identity theft and fraudulent loan apps are becoming more common with the rise of digital lending. In fact, more than 2,200 loan apps were removed or suspended from the Play Store between September 2022 and August 2023. In the same vein, more than 45%
Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, "One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays."
Pune (Maharashtra) [India], January 29: Fintech startup MortgageBuddy, a rising leader in the home loan sector, has achieved a remarkable milestone by reaching Rs 500 crore in monthly disbursements in December 2024. From starting at less than Rs 100 crore in April 2024, the company has grown
The funds raised through IFC's investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups (LIG and MIG), with a particular focus on encouraging homeownership among women.
Pune (Maharashtra) [India], January 29: Navigating the complexities of qualifying for credit and paying EMIs and credit card bills on time can be overwhelming. The OneScore personal loan app simplifies the process by offering a comprehensive platform that empowers consumers to understand, im