SEARCHED FOR:CREDIT FACILITY
Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM
As part of the Aatmanirbhar Bharat Package, the government had announced Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.
RBI asks banks not to open current accounts for customers having cash credit, overdraft facilities
In a notification, the central bank said t...
PM Narendra Modi reviews the implementation of micro credit scheme for street vendors
The PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) ...
Should you use credit card autopay facility for phone, electricity bills?
If the auto-payment facility fails due to some technical glitches at your utility provider's end, it mostly becomes difficult to get the problem resolved. Therefore, you should be extremely cautious before opting for such a facility.
Fed announces extension in lending facilities until end of the year
The extensions apply to those facilities that were due to expire on or around Sept. 30, the Fed said in a statement.
Difference between Credit Score and CIBIL
The CIBIL score is a three-digit numeric summary of a consumer's credit history and a reflection of the person's credit profile. One the other hand, CIBIL is a Credit Bureau which maintains the records of all the credit-related activities of companies, individuals.
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
The finance ministry on Monday said banks have sanctioned over Rs 75,000 crore loans so far under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown.
Covid-19 credit facility of Rs 3-lakh crore covers all companies and not just MSMEs: Nirmala Sitharaman
The government could also consider extending the deadline for availing 15% corporate tax rate on new investments beyond March 2023 to benefit the industry, Sitharaman said.
PM Modi launches financing facility worth Rs 1 lakh crore under Agriculture Infrastructure Fund
PM Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer-beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
PM to launch financing facility of Rs 1 lakh cr under Agriculture Infrastructure Fund on Sunday
The fund is expected to catalyse the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres and processing units
RBI gives affordable housing, rural lending second boost with Rs 10,000 crore facility
The facility to the NHB is to shield the housing sector from liquidity disruptions and augment the flow of finance to the sector through housing finance companies, RBI governor Shaktikanta Das said in a statement. While the funds to Nabard will help ameliorate the stress being faced by smaller NBFCs and microfinance institutions in obtaining access to liquidity
Airtel Payments Bank, Mastercard tie up for payment solutions for farmers, SMEs
Airtel Payments Bank and Mastercard will work together to create differentiated card solutions, including solutions for contact less payments via NFC (Near Field Communication) for customers and merchants.
Piaggio Vehicles launches online sales facility for commercial vehicles
The new sales initiative, which the company claims is first-of-its-kind in the CV sales space, comes nearly a month after Piaggio Vehicles Private Limited (PVPL) rolled out a digital platform for its Vespa and Aprilia brands of scooters.
NBFCs seek emergency credit line for individuals
In the absence of not bringing individuals under the guarantee, the programme could not benefit the intended segment and might be cornered by those bigger ones with better financial strength.
Bank of Baroda disburses Rs 2,300 cr to MSMEs under emergency credit line facility
The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced Under the scheme, the bank provides an additional line of credit of 10% of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore.