Why the Delhi Govt May Waive ₹80 Crore Loan for a Loss-Making MSME Lender and What It Means for Small Business Finance
Recently, a piece of news from the capital has caught the eye of the financial world. The Delhi government is reportedly planning to waive an ₹80 crore loan owed by one of its own entities, the Delhi Financial Corporation (DFC). Why? Because the corporation has been declared financially and operationally obsolete. Now, you might be […]
The udyogini scheme is a government initiative that provides subsidized loans and skill training to women entrepreneurs to start or expand their businesses. The Udyogini loan working capital loan scheme aims to empower women, prevent them from borrowing at high interest rates, and help them gain self-reliance through self-employment, especially in the trade and
When we talk about inclusive growth, one of the most important objectives is to bring historically disadvantaged communities into the mainstream economy. The Scheduled Caste (SC) population in India has faced structural barriers in education, employment, entrepreneurship, and access to credit. Recognising this, the government established the National Scheduled Castes Finance and Development Corporation
About Coir Udyami Yojana (CUY) The Coir Udyami Yojana provides welfare activities towards raw-material utilization, trade-related services, training and development of skill, creates entrepreneurship and employment opportunities and development, upbringing, and growth of domestic and export markets and much more. The Components under this scheme are: DPI – Development of Production Infrastructure Welfare Measure
Bank Credit Facilitation Scheme In an effort to aid micro, small and medium enterprises or MSME units, the National Small Industries Corporation has entered into a Memorandum of Understanding with a number of Private Sectors and Nationalized Banks. Through these banks, the NSIC aid MSMEs in getting the necessary credit support from the banks.
PAN card is one of the most important documents that all taxpayers must own. It helps the Indian government track financial transactions and taxation applicable to them. If there are any mistakes in your details, you should apply for PAN card correction immediately. Delays in correction on PAN card can create issues while filing
Every citizen of India is liable to have a specific set of documents that are utilised in day-to-day life activities, as well as evidence of individual identification. An important constituent of these documents is the PAN (Permanent Account Number) card, or PAN card. It is one of the most crucial identity and financial documents
Quick Steps to Apply for a PAN Card Online in India – A Complete Guide
PAN (Permanent Account Number) is a unique10-digit alphanumeric code issued by the income tax department through which crucial information regarding an individual’s tax-paying abilities and income status can be tracked. PAN card is valid for a lifetime and is majorly assigned to those paying taxes. The IT department maintains a record of the same
The Covid – 19 pandemics-related lockdown inflicted tremendous financial stress on our economy and affected the income of the common man. Understanding the anxiety of loan borrowers, during this period, RBI offered loan moratorium interest waiver facility to aggrieved borrowers. The loan moratorium interest waiver, a type of government loan relief, implies the borrower
If you are running a Small or Medium Enterprise (SME) in India, staying competitive often means investing in new technology, modern machinery, or upgraded processes. However, for many entrepreneurs, the cost of such upgrades can be a major hurdle. That’s where the CLCSS scheme, short for the Credit-Linked Capital Subsidy Scheme, comes into play.
NABARD Schemes: NABARD Loan, Subsidy, Refinance & Rural Development Guide
NABARD was established in 1982 to strengthen NABARD rural development and improve access to finance in agriculture and allied sectors. Through multiple NABARD schemes, the institution provides structured financial support in the form of NABARD loan, subsidy benefits, and NABARD refinance facilities to banks and financial institutions. Established in 1982 during the early years
