Tag: MSME Loans

Special Liquidity Scheme for NBFCs and HFCs
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Special Liquidity Scheme for NBFCs and HFCs

SMEStreet Desk- July 1, 2020

RBI will provide funds for the Scheme by subscribing to government-guaranteed special securities issued by the Trust. The total amount of such securities issued outstanding ... Read More

Loans Of Over Rs 1 Lakh Crore Sanctioned Under ECLGS
InFocus, Banking & Finance

Loans Of Over Rs 1 Lakh Crore Sanctioned Under ECLGS

SME STREET- June 30, 2020

This would help more than 30 lakh units of MSMEs & other businesses restart their businesses post the lockdown.. Read More

MSMEs Can Contribute in India’s Economic Recovery Through Emergency Credit Loan Guarantee Scheme
InFocus, Banking & Finance

MSMEs Can Contribute in India’s Economic Recovery Through Emergency Credit Loan Guarantee Scheme

SMEStreet Desk- June 29, 2020

Research shows vast majority (over 80%) of MSMEs set to benefit from ECLGS considered structurally strong. When combined with portfolio management solutions, ECLGS gives lending ... Read More

SBI to Provide Collateral Free Loans to 48168 MSMEs in Odisha
Clusters, East Zone

SBI to Provide Collateral Free Loans to 48168 MSMEs in Odisha

SMEStreet Desk- June 28, 2020

While urging enterprises to come forward and avail the benefit, she said, “The existing affected units will get 20 per cent (pc) of their fund-based ... Read More

Rs 79,000 Cr Loans Approved to Revive MSME’s Economy Post-Lockdown
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Rs 79,000 Cr Loans Approved to Revive MSME’s Economy Post-Lockdown

SME STREET- June 24, 2020

The top lenders, under Atmanirbhar Bharat and other Govt schemes, are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank. The loans had helped ... Read More

Over Rs 21 Thousand Cr Disbursed By Banks to MSMEs: FM Sitharaman
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Over Rs 21 Thousand Cr Disbursed By Banks to MSMEs: FM Sitharaman

SMEStreet Desk- June 20, 2020

As of June 18, 2020, public sector banks have sanctioned loans worth Rs 40,416 crore under the 100 per cent Emergency Credit Line Guarantee Scheme, ... Read More

Govt Closely Monitoring Rate Cut by Banks:Nirmala Sitharaman
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Govt Closely Monitoring Rate Cut by Banks:Nirmala Sitharaman

SMEStreet Desk- June 20, 2020

During a video conference with the Managing Committee Members of PHD Chamber of Commerce and Industry, the minister said that the Centre is also monitoring ... Read More