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India’s microfinance loan portfolio stands at ₹3 lakh crore with 6 crore unique borrowers
The Indian microfinance loan industry today serves 6 crore unique borrowers having 11.8 crore loan …
RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth
In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…
ANI
Speedy, small loan market sees Muthoot Microfin make an entry
The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…
Microfinance industry growth slows to 24.22 pc in Q3
As on December 31, 2019, the industry served 5.64 crore unique borrowers through 10.11 crore loan …
PTI
Do away with GST on services by microfinance companies: Industry's Budget wish-list
New Delhi, Jan 9 () Microfinance industry body Sa-Dhan in its wish-list for Budget 2020-21 has urge…
PTI
SIDBI to provide special liquidity for on-lending to MSMEs
"We are ously working towards helping MSMEs survive the crisis created due to the COVID-19 pandemic…
PTI
Government is planning easy loans for rural households
The government is considering the launch of micro-credit programme which would provide easy loans …
FM to meet PSU bank chiefs on Friday, to review credit flow
The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved additional funding …
PTI
FM to meet PSU bank chiefs on Monday; to review credit flow
"PSBs complemented RBI on loan moratorium. Their effective communication & proactive actions e…
PTI
NABARD sanctions Rs 1,050 crore credit support to West Bengal
The development bank said the credit flow to the rural sector of the state is extreme important to …
PTI
WhatsApp is trying to make payment services available to all its users in India
The wait for WhatsApp’s full-fledged digital payments licence in India continues. Chris Daniels, …
NABARD credit support of Rs 1,607 cr to WB in COVID-19 time
The official said that Rs 292 crore was also provided to the West Bengal government for promoting m…
PTI
RBI announcements to help infuse liquidity, facilitate bank credit flow: Exporters
Trade Promotion Council of India (TPCI) Chairman Mohit Singla said that steps announced by RBI, li…
PTI
This Social Enterprise Runs A Global Crowd-funding Platform; Eyes $3-5 Million In Series B Funding
Unlike many other ventures in this space, this social enterprise is a for-profit concern, but has n…
Nabard sanctions Rs 1,500 cr for Punjab to ensure credit flow to farmers
This is part of Nabard's Rs 25,000 crore nationwide special liquidity facility (SLF), which has be…
PTI
Banks sanction Rs 62,870 crore to over 70 lakh Kisan Credit Card holders
"As on 30.06.2020, 70.32 lakh Kisan Credit Cards have been sanctioned with credit limit of Rs 62,87…
PTI
Microfinance gross loan portfolio grew by 61% FY15: MFIN
Over the past three years, microcredit has been a boost for millions of people with low income who …