Finance news

Govt. sign $750 million Agreement with World Bank for MSMEs

The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis....

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Loans worth more than Rs 1 lakh crore sanctioned under ECLGS

Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more than Rs 45,000 crore has already been disbursed.  This would help more than 30 lakh units of MSMEs & other businesses re...

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PM SVANidhi Portal launch (Beta Version) + Guidelines

PM SVANidhi Scheme is available for beneficiaries belonging to only those States/UTs which have notified Rules and Scheme under Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. Beneficiaries from Meghalaya, which has its own State Street Vendors Act may, however, participate....

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Interest Subvention on repayment of Shishu Loans under PM MUDRA Yojana

2% Interest Subvention approved on prompt repayment of Shishu Loans under Pradhan Mantri MUDRA Yojana for a period of 12 months. Regular repayment of loans to be incentivized. Scheme will help small businesses brace the disruption caused due to COVID-19....

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New MSME Scheme-Distressed Assets Fund–Sub-Ordinate Debt For MSMEs

Ministry of Micro, Small and Medium Enterprises (MSMEs) launches another funding scheme to help the distressed MSME sector The Scheme will provide Rs. 20,000 crore of guarantee cover to two lakh MSMEs. This is a sub-debt facility to the promoters of those operational MSMEs which are distressed or NPA...

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PM Modi launches the technology platform Champions

Prime Minister Shri Narendra Modi today launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength....

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Recent Corporate Law measures to boost Measures for Ease of Doing Business

Ease of doing business for corporates and allocation of the package of 20 lakh crore for Atamnirbhar Bharat Recent Corporate Law measures to boost Measures for Ease of Doing Business > In the first phase of decriminalization of Company Law defaults in 2018, 16 compoundable offences were shifted to an in-house adjudication & penalty...

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Key points of covid-19 package in hindi

आशा करते है कि आप सब कुशल मंगल होंगे। आज मोदी जी के 20 लाख करोड़ के पैकेज का पहला हिस्सा जारी किया गया।अपने लोगो के लिए प्रमुख बाते इस ...

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Key Highlights of FM Speech 17.05.2020

Key Highlights of FM Speech 17.05.2020 on major Law Reforms, EODB, Health, Public Sectors- (Self-Reliant India Movement -V)  Overview of last four Tranches: The first tranche included measures for small businesses, the second aimed at helping migrant workers and the third aimed at Agriculture, Farmers and Workers and the Fourth aimed at ...

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Atma Nirbhar Bharat Part-4: New Horizons of Growth

Presentation of details of 4th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Policy Reforms to fast-track Investment Effort towards Atmanirbhar Bharat Fast track Investment Clearance through Empowered Group ...

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