SEARCHED FOR:CREDIT FACILITY
LOC facility of Exim Bank sees rapid growth
The LOCs enable buyers in developing countries to import developmental and infrastructure projects, equipment, goods and services from India, on deferred credit terms. `` Over the last ten years LOC portfolio has grown exponentially,’’ said A Ajay Kumar, joint secretary (DPA-1), ministry of external affairs.
NBFCs seek emergency credit line for individuals
In the absence of not bringing individuals under the guarantee, the programme could not bene...
Piaggio Vehicles launches online sales facility for commercial vehicles
The new sales initiative, which the company claims is first-of-its-ki...
ICICI Bank launches overdraft facility for salary account customers: Here's how to use it
The facility can be sanctioned immediately while customers can start using the approved OD limit within 48 hours. The interest payable on the OD is calculated on the basis of the actual amount availed by the customer, not on the full amount sanctioned.
Delhi Metro introduces facility for auto top-up in smart cards at AFC gates
"Delhi Metro commuters will now be able to avail the facility of a new type of smart card which comes with an auto-top up feature enabling them to recharge it automatically at AFC (automatic fare collection) gates of the netro stations," the DMRC said in a statement.
Banks sanction Rs 1.63 lakh crore to 42 lakh MSMEs under credit guarantee scheme
On the disbursement front, however, over Rs 1.18 lakh crore doled out to 25 lakh MSME units, till September 10, which were hit by the COVID-19 pandemic and ensuing lockdowns.
Should you invest in 30-year government bonds?
The minimum bid requirement for the product is Rs 10,000 and the maximum is Rs 2 crore. The bids need to be done on the NSEgoBid-- an online platform through which retail investors can purchase Government Securities. Bond holders will get interest twice a year-- April and October.
Banks sanction loans of Rs 1.61 lakh cr to MSMEs under credit guarantee scheme
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown.
Capital Float crosses 1 million lifetime customers with disbursements of over $1.2 bn
Since the onset of Covid-19, the company has seen demand surge for its small-ticket digital credit facilities, particularly for making purchases online.
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
5 common mistakes to avoid when investing in real estate
Any problems in your credit history may lead to a loan application being rejected or being approved but with a high rate of interest. Therefore, before you apply for a loan, take a few minutes to check your credit score online.
Sundaram Mutual announces instant redemption facility in Sundaram Money Fund
The fund house said that the redemptions will happen through IMPS mode and will get credited in the investor’s registered bank account within a few minutes of placing a valid request.
NBFCs want MSME credit scheme to cover loans to individuals, too
In a letter dated July 2, the National Credit Guarantee Trustee Company (NCGTC), the nodal body implementing the credit guarantee scheme, had clarified that only those vehicle loans covered under the MUDRA scheme are eligible to avail this benefit.