Mudra Loans

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month

PMMY aims to facilitate easy collateral-free credit of up to Rs 10 lakh to micro-entrepreneurs for income-generating activities

A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception

Minister of State for Finance, Bhagwat Karad will meet the PSB CEOs on September 16 in Aurangabad

The loan mela called Mudra was a populist and political move to give away money

Do we need yet another refinance agency? No one will shed a tear if Mudra is given a decent burial

According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

Short-term as well as medium-term prospects (for Indian economy) continue to be grim, says D Subbarao

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Dispelling concerns over the slowdown, Dalmia said that tough times don't last but tough nations do

Rajnish Kumar, chairman, State Bank of India (SBI), says the economy has bottomed out and there is a need to revive the capital expenditure cycle

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises

With the new dispensation at the Centre and steps taken to clean up the banking system, it was expected the era of directed lending was over

Directed lending always builds up bad loans in banks

Banks need to focus on repayment capacity at the appraisal stage and "monitor the loans through the life cycle much more closely, said M K Jain

The Mudra loan scheme was launched by Prime Minister Narendra Modi in 2015 to help the highly under-funded small and medium industries with cheap bank loans

After taking benefit of the scheme, jobs increased by around 11 mn in these establishments