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Wednesday, May 29, 2024

Finance

Govt to regulate Cryptocurrency in India, launch official Digital Currency

In a Bill that is to be tabled in the Parliament in its Winter Session, the Central Government is set to put a hold...

GST Update: Clothes, footwear to get costlier as GST increases from 5% to 12% from January 1

A GST hike has been announced on several finished goods such as textiles, garments, and footwear from 5% to 12% which may push up...

IIFL Finance is offering business loans over WhatsApp to MSMEs

IIFL Finance, a retail-focused Non-Banking Finance Company, is offering instant business loans on Whatsapp, where the users of the app can avail of a...

SIDBI 59 minute Loan Scheme: 2.19 lakh loans, 81 percent of sanctioned amount disbursed

The 59 minute in-principal scheme for loan approval by SIDBI which focuses on providing quick credit to MSMEs has sanctioned 2,35,511 numbers of loans,...

Nearly 3 Lakh people employed, 36000 New Enterprises set up in FY22 under PMEGP

The Prime Minister Employment Generation Programme (PMEGP), a credit-linked incentive scheme to provide financial assistance to individuals setting up new enterprises, has empowered as...

Separate Ministry needed to focus on micro-units, says CIA

Consortium of Indian Associations (CIA) convenor K.E. Raghunathan said that there is a need for a separate Ministry for Micro Enterprises with dedicated policy...

Nearly 50% of retail, MSME loans to shift to digital lending in 2-3 years: Union Bank MD

Digitalization has arrived in lending and is here to stay. About half of retail and MSME loans offered by banks will shift to digital...

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