New Delhi, April 8 – The Pradhan Mantri MUDRA Yojana (PMMY), the flagship program of the Modi government, has completed 11 years of operation, aimed at funding "unfunded" micro enterprises, small businesses, and setting the stage for their growth.Since its inception on this day in 2015, the...
New Delhi, April 7 State-owned Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) with the Government e-Marketplace (GeM) to improve financial access for sellers.The onboarding of Punjab National Bank as a lending partner on the GeM Sahay Portal offers multiple benefits...
cash flow
collateral-freeloans
digital procurement
financial access
gem (government e-marketplace)
gem sahay portal
government procurement
india's digital india
liquidity
mou (memorandum of understanding)
msmes
punjab national bank
short-term loans
small businesses
vendor participation
Mumbai, March 8 Progcap, a fintech company focused on MSMEs, said on Sunday that its ProgShakti initiative has enabled over ₹10,000 crore in credit to women entrepreneurs since its launch in March last year, offering collateral-free loans of up to ₹10 lakh. The initiative aims to provide...
collateral-freeloans
credit
financing
fintech
loans
msmes
progcap
progshakti
sidbi
small and medium enterprises
tier 2 cities
tier 3 cities
women entrepreneurs
working capital
Mumbai, February 9 The RBI stated on Monday that banks can extend collateral-free loans up to ₹25 lakh to Micro and Small Enterprises (MSEs) based on their good track record and financial standing.The Reserve Bank of India (RBI) has amended the guidelines related to "Lending to Micro, Small &...
Mumbai, February 9 The Reserve Bank of India (RBI) on Monday announced amendments to its lending guidelines for the micro, small and medium enterprises (MSME) sector, increasing the collateral-free loan limit for micro and small enterprises (MSEs) to Rs 20 lakh in a move aimed at improving...