Page 2 - Mudra Scheme

Letter to BS: Bankers should not be the only ones blamed for rising NPAs

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

Labour ministry seeks hike in loan ceiling under Mudra, writes to FinMin

Writes to finance ministry for changes in scheme to boost employment, remove disparities

Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs

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

2% loans approved under Mudra turned NPAs, says Anurag Singh Thakur

Some of the reasons for NPAs are: First-time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices

Demonetisation was no rash call; we missed the many hints months earlier

It would not be incorrect to assume that the government had been toying with the idea of demonetisation from as early as February 2016

Crisis-hit NBFCs seek special refinance window under Mudra scheme

The apex NBFC body Finance Industry Development Council (FIDC) Tuesday said they should be allowed to avail of refinance facility under the Mudra scheme and also setting up of a permanent refinance window at RBI similar to the one that National Housing Bank (NHB)offers them tohelp meet their liquidity needs. Following the IL&FS bankruptcy last September, the entire shadow banking sector has been under severe liquidity stress with many leading players like DHFL reporting defaults. Though the Reserve Bank has promised them all the help, nothing concrete has come up yet, while the industry has been losing market share on one hand and their stocks plunging on the other. The liquidity crisis has seen a massive 19 percentage points drop in disbursement by NBFCs in the fourth quarter of FY19, according to industry data. The sector used to witness a 15 percent growth in loan disbursement earlier. In the fiscal stability report released by the RBI last week, it warned that a .

RBI panel on MSMEs suggests Rs 20 lakh collateral-free loan under Mudra

The report has also mentioned mainstreaming the restructuring of stressed loans, considering the central bank had given a one-year window to banks to do so in January

Banks still need to lend Rs 1 trillion to meet FY19 Mudra target: Govt data

According to the Budget 2018-19, the government intends to disburse loans of up to Rs 3 trillion in the current financial year ending March 31

RBI warns of spike in NPAs under government's flagship MUDRA scheme

The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore

No annual pay hike for PSB managers failing Mudra target, says Hansraj Ahir

Union minister of state for home affairs Hansraj Ahir writes letter to district magistrate of his constituency

Tamil Nadu tops Mudra loans for weavers; disburses over Rs 900 million

The government provides free electricity bimonthly for 1,11,394 handloom weavers and to 1,24,877 power loom units

Modi's MUDRA scheme raining loans on women and religious minorities

Non-Hindus have got the largest amount per head for loans of less than Rs 50,000, while women have the largest share of the loan pie

High bad debts under Mudra a myth, says govt

An internal note of the government on Mudra loans has said that loans given under the scheme through MFIs have high rates of recovery