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Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund

In pursuance of recently announced Atma Nirbhar Bharat Abhiyan stimulus package for ensuring growth in several sectors, the Cabinet Committee on Economic Affairs, chaired...

Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund

In pursuance of recently announced Atma Nirbhar Bharat Abhiyan stimulus package for ensuring growth in several sectors, the Cabinet Committee on Economic Affairs, chaired...

CIL to extend Usance LC facility to Power and Non-Power consumers

Coal India Limited (CIL) is supplying about eighty percent of its coal to Power Sector consumers and 550 Million Tonne (MT) coal has been...

RBI Moratorium on EMI: FREQUENTLY ASKED QUESTIONS

Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as...

Setting up of MSMEs

As on 13.03.2020, the number of Micro, Small and Medium Enterprises (MSMEs) registered on Udyog Aadhaar Portal since 01 April, 2017 are 61.06 lakh....

Credit Rating for MSMEs

RBI has deregulated the interest rate on advances and these interest rates are determined by banks with the approval of their respective Board of...

Enhanced Insurance Cover for Exporters; Affordable and Accessible Credit; Reduction in...

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. The scheme will benefit exporters to reimburse...

Reforms in Banking Sector to remain priority

With a view towards unlocking flow of capital to the financial sector, the Union Minister for Finance and Corporate Affairs unveiled several reforms across...

Credit Guarantee Fund

National Credit Guarantee Trustee Company Ltd. has already been set up by the Department of Financial Services, Ministry of Finance, Government of India to...

Credit Exposure of MSMEs

The total outstanding credit to the MSME sector by Scheduled Commercial Banks in the last three years is furnished in the following table: Year No. of...