financial inclusion

New Delhi, April 8 Union Home Minister Amit Shah said on Wednesday that the Pradhan Mantri Mudra Yojana, a scheme launched by the Modi government that has completed 11 years, has empowered small traders and startups by providing collateral-free loans, thereby giving a new boost to...

New Delhi, April 8 Women borrowers in India hold a credit portfolio of ₹76 lakh crore, which represents 26 per cent of the total system credit as of 2025, and marks a 4.8 times increase since 2017, according to a NITI Aayog report.The Aayog, in the report titled 'From Borrowers to Builders...

New Delhi, April 8 Japan's MUFG Bank acquired a 20 per cent stake in Shriram Finance Ltd (SFL) for ₹39,618 crore on Wednesday.This transaction represents the largest cross-border investment in India's financial services sector."This follows the approval by SFL's Board of Directors, at its...

New Delhi, April 8 Prime Minister Narendra Modi on Wednesday said the PM Mudra Yojana has strengthened the entrepreneurial spirit across India by removing barriers and trusting the aspirations of the people.On the 11th anniversary of the PM Mudra Yojana, Modi said the scheme has redefined...

New Delhi, April 8 Finance Minister Nirmala Sitharaman said on Wednesday that the Pradhan Mantri MUDRA Yojana, which focuses on funding the unserved, will continue to empower entrepreneurs to become active participants in the nation's journey to become Viksit Bharat by 2047.On the occasion of...

April 08, New Delhi: The Pradhan Mantri MUDRA Yojana (PMMY), launched on April 8, 2015, has completed 11 years of empowering micro-enterprises and promoting financial inclusion. Over this period, PMMY has disbursed more than ₹40.07 lakh crore through over 57 crore loans, across four categories...

New Delhi, April 8 – Prime Minister Narendra Modi said on Wednesday that the Pradhan Mantri Mudra Yojana (PMMY) reflects an economic ethos where opportunities are accessible, initiatives are encouraged, and every dream is given the support to grow.Speaking on the social media platform ‘X’...

New Delhi, April 8 As the Pradhan Mantri Mudra Yojana (PMMY) completed 11 years, Prime Minister Narendra Modi on Wednesday said the scheme has played a crucial role in promoting self-employment among the youth.Speaking on the social media platform X, PM Modi said, “Launched exactly 11 years...

Mumbai, April 6 The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages.In the draft norms on branch authorisation released on Monday, the central bank...

New Delhi, April 2 India Post Payments Bank (IPPB) opened accounts without verifying mobile numbers and linked the information of multiple customers to the same mobile number, the CAG said in a report tabled in Parliament on Thursday.The Comptroller and Auditor General of India, in the audit...

Raipur/New Delhi, March 31 – With Union Home Minister Amit Shah declaring that India has effectively achieved a Naxal-free status by meeting the government’s self-imposed deadline of March 31, a significant breakthrough has been achieved for the country, which was previously seen as a prolonged...

New Delhi, March 27 State-owned Oriental Insurance Company Ltd (OICL) has crossed Rs 20,000 crore in gross premium for the fiscal year 2025-2026, the finance ministry said in a statement on Friday.This development signifies the growing trust of policyholders, intermediaries, and stakeholders...

New Delhi, March 27 Airpay Payment Services announced on Friday that it has partnered with the Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in the state, in order to accelerate financial inclusion in rural areas.The rollout will...

The National Housing Bank has launched the Gruh Sugam Portal to promote a cost-effective housing finance system. The portal enables Defence and Government personnel to easily obtain home loans from their place of posting. The Ministry of Finance stated that this portal will accelerate the...

New Delhi, March 26 The National Housing Bank (NHB), the apex agency established by the government to promote an affordable housing finance system, has launched the Gruh Sugam Portal.The portal enables defence/government personnel to easily obtain home loans from their posting location, NHB...

New Delhi, March 25 The market regulator, Sebi, proposed on Tuesday the introduction of gift cards or gift prepaid payment instruments (PPIs) for investments in mutual funds to improve financial inclusion by onboarding new investors in the sector.Under the proposal, the purchaser of a Gift PPI...

Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...

Itanagar, March 20 The Namsai district in Arunachal Pradesh has secured the top rank in the "financial inclusion and skill development" sector under the Aspirational Districts Programme of NITI Aayog, and has been awarded ₹3 crore in recognition of this achievement, Deputy Chief Minister Chowna...

New Delhi, March 19 Shubham Housing Development Finance, a provider of affordable housing finance, has raised USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and others, including Creador.The transaction strengthens Shubham's future growth with a strong...

New Delhi, March 17 – Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha raised the issue of penalties for minimum account balance in the Upper House of Parliament on Tuesday, urging the Union government to abolish such charges on small bank accounts, saying that they disproportionately affect...