Page 15 - Loans

J&K LG sanctions over 10,000 loan cases for budding entrepreneurs

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday announced sanction of over 10,000 loan cases for the union territory's budding entrepreneurs under various programmes. Sinha said his mantra for Jammu and Kashmir revolved around 'four Ps' -- peace, progress, prosperity and people. The sanctioning of over 10,000 cases under B2V3 (back to village-3) self employment programme, economic package and 'My Town-My Pride' highlights the UT government's commitment to empower the youth which is one of the foremost priorities of J&K government, he said. Sinha said 15,309 applications were received, out of which 10,828 have been sanctioned and an amount of Rs 100 cr has been disbursed to 6,734 applicants, identified under B2V3. We had taken up a target of covering at least 2 persons in each Panchayat who were in need of financial assistance for self employment, he added. He said the administration is committed to cover every single aspirant within the UT, who wishes to set up ...

SIDBI's 'Standup Mitra' portal records over 96,000 loan sanctions

The Small Industries Development Bank of India (Sidbi) on Tuesday said its 'Standup Mitra' portal has recorded over 96,000 loan sanctions worth over Rs 21,000 crore as of September end

Earlier blamed for scams, the poor now being offered loans by govt: Modi

Prime Minister Narendra Modi on Tuesday said his government has acknowledged the honesty and hard work of street vendors by offering them loans that were inaccessible to the poor in the past

Enforce waiver of interest on interest scheme: RBI to lending institutions

The Reserve Bank asked all lending institutions to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

YES Bank offers discounts on credit card; loans at competitive rates

YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

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

Only standard loan accounts as of March 1 eligible for recast: RBI

The RBI has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in Aug

Capital Float reaches 1 million customers; Rs 9,000 cr loans disbursed

Digital financial services provider Capital Float said it has crossed the one million customers milestone and has disbursed over Rs 9,000 crore till date to small businesses and retail borrowers

Centre to frame scheme to waive moratorium interest; SC to hear case today

Waiver may cost Centre Rs 5,000-7,000 crore

BharatPe aims Rs 1,000 cr loan disbursal to merchants this fiscal

BharatPe has recorded disbursal of over Rs 80 crore in September 2020 and facilitated loan disbursals to the tune of Rs 150 crore through its partners in the September quarter

Loan restructuring: Who can avail the scheme? All you should know

Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts

HDFC Bank, ICICI Bank bring sops for customers ahead of festive season

HDFC Bank's business is back to pre-covid levels, says Aditya Puri

Courtesy lending to women aspirants, Avanse Financial raises $15 million

Lending to women has helped private equity major Warburg Pincus-run education loans company Avanse Financial Services raise USD 15 million or Rs 110 crore in foreign debt.

Loan moratorium case: Adverse SC verdict could heavily affect banks in Q2

Financials of banks may take Rs 10,000 - Rs 20,000 crore of hit if interest on interest is waived

Covid-19 impact: Air India Express' short-term loans get ICRA downgrade

The rating also takes into account AIEL's stretched credit profile, characterised by negative net worth and a high outstanding to Air India and other vendors

MSME units from Maharashtra availed maximum loans under ECLGS: Minister

The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year