Maximum loan amount under the PMMY is upto Rs 10 lakh. Loans up to Rs 50,000 are categorised as 'Shishu', those from Rs 50,001 to Rs 5 lakh are called...
Giriraj Singh Urged Banks To Work On Collateral Free Loans for MSMEs
Arun Kumar Panda, Secretary MoMSME, seconded the thought and urged all MSME entrepreneurs to register at the online portals such as GSTIN, Udyog Aadha...
MSME Minister Highlighted Govt’s Commitment Towards Making Indian MSMEs Globally Competitive
Delivering the keynote address during the inauguration of the 15th Global SME Business Summit in New Delhi today. Giriraj Singh said that with Ease of...
MSME Ecosystem Will Get Great Advantage With the Recent Announcements: Narendra Modi
PM Modi announced a slew of measures, including sanctioning of loans of up to Rs 1 crore to small and medium enterprises in 59 minutes, through a spec...
Ex. RBI Chief, Raghuram Rajan Warns for an NPA Threat from MSME Loans Through SIDBI Schemes
Quoting a 17-page note to the Parliamentary Estimates Committee, Raghuram Rajan said both the MUDRA loans as well as the Kisan Credit Card, while popu...
Bajaj Finserv to Offer Collateral-Free Loans to SMEs
With this service, Bajaj Finserv gives them the opportunity to maximize their growth potential as most of the small business aren’t able to realize th...
Bank of Baroda Sings up with SIDBI for MSME Loans
BOB has signed a Memorandum of Understanding (MoU) with SIDBI to support various initiatives of SIDBI, with an objective of working together to streng...
Stand Up India Benefitted 55 Thousand MSMEs
The number of loans given by Public Sector, Private and Regional Banks under the Stand-up India Scheme are 51,888, 2,445, and 1,009 respectively up to...
Happy Loans Disbursed 20 Cr of MSME Loans Covering Entire India
Happy Loans provide credit to micro-entrepreneurs from Rs 2000 to Rs 100,000.
Crying Entrepreneur and PNB-Scam, Two Extremes of Country’s Banking Struggle
We can also leverage the social fabric of the country in understanding borrowers. Big data offers such level of screening which can allow someone to s...