microfinance

Union Tribal Affairs Minister Jual Oram has highlighted the transformative role played by the National Scheduled Tribes Finance and Development Corporation (NSTFDC) in empowering Scheduled Tribe communities across the country. Addressing the 25th foundation day of NSTFDC in New Delhi, Mr. Oram...

Kohima, April 10 – Nagaland Chief Minister Neiphiu Rio on Friday highlighted emerging global employment opportunities, noting that over 450 young people have registered under the ‘Nagaland Japan Connect 2026’ initiative, with 65 candidates already receiving recruitment offers across various...

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 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...

Chikkaballapur (Karnataka), April 8 – The Central Government’s flagship Pradhan Mantri Mudra Yojana (PMMY) continues to transform the lives of small entrepreneurs across the country, with another success story emerging from Chikkaballapur district in Karnataka.Beer Bahadur Dhami, a resident of...

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 7 Amid the ongoing conflict in West Asia, a consultancy firm on Tuesday urged banks to shift their exposure away from vulnerable small businesses and retail borrowers who may face the impact of layoffs.Banks need to convert early warning signals into decisive action, EY said in a...

Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to...

Mumbai, March 31 Piramal Finance's total assets under management have crossed Rs 1 lakh crore, and the non-bank lender is keen to acquire a microfinance institution to fuel the next stage of growth, a top official has said.The company is aiming to increase its AUM to Rs 1.5 lakh crore by the...

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)...

Mumbai, March 18 Fresh slippages in the banking sector are expected to rise in the near term due to emerging stress in the retail and MSME segments, even as overall asset quality remains strong, a report said on Wednesday.Despite this, the report expects the impact on overall asset quality to...

Mumbai, March 17 Svasti Microfinance announced on Tuesday a fundraising of ₹47.5 crore, including equity and subordinated debt, from Adar Poonawalla, Abler Nordic, and the Rajiv Dadlani group.The company aims to expand its assets under management to ₹1,400 crore by March 2027, according to an...

New Delhi, March 16: A total of 57.78 crore Jan Dhan accounts with a deposit balance of Rs 2,94,702 crore have been opened (as of February 25) under the Pradhan Mantri Jan Dhan Yojana (PMJDY), Finance Minister Nirmala Sitharaman said on Monday.Of these, 32.21 crore (55.8 per cent) Jan Dhan...

Mumbai, March 16 The outstanding portfolio of microfinance by banks contracted by 40 per cent year-on-year to ₹65,687 crore in the third quarter of FY26, according to a report released on Monday.This is the sharpest decline among all categories of lenders, which also includes dedicated...

New Delhi, March 15 – Delhi Assembly Speaker Vijender Gupta highlighted the social and financial challenges faced by women engaged in informal livelihoods, particularly those working in weekly markets and small street-based businesses, on Sunday.Gupta pointed out that such women often lack...

Churu (Rajasthan), March 8 The story of Rajasthan’s Pana Devi is one of courage, determination, and an indomitable spirit that overcame countless challenges, from childhood to adulthood, and ultimately led to a success story that many would consider near impossible.From a young age, Pana Devi...

Mumbai, March 4 – Chief Minister Devendra Fadnavis announced on Wednesday that the Maharashtra government would further improve the lift inspection system to facilitate quicker evacuations during emergencies."There are currently about 2.10 lakh lifts operating in the state, and 25,000 new...

Kolkata, March 1 Arohan Financial Services announced on Sunday a significant increase in its net profit to Rs 36.48 crore for the quarter ending December 2025, compared to Rs 3.50 crore in the previous year.On a sequential basis, net profit rose by 87 per cent from Rs 19.53 crore in the...

Kochi, February 19 The VACB, which is investigating the microfinance scam, has recorded the statement of SNDP Yogam general secretary Vellapally Natesan, officials said on Thursday.According to sources from the Vigilance and Anti-Corruption Bureau (VACB), a team led by SP S Sasidharan recorded...