Page 4 - Micro Units Development News Today

An approval letter doing the rounds of social media, allegedly issued under Pradhan Mantri MUDRA Yojana (PMMY), is asking for Rs 4,500 as verification and processing fees to grant a loan of ₹10,00,000 under the scheme.

New Delhi, Jan 6: Emergency Credit Line Guarantee Scheme (ECLGS) launched by the Government in 2020 to provide relief to MSMEs impacted by COVID-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs, claimed a report. 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 2020, to mitigate the distress caused by the COVID-19-induced lockdown by providing cre...

The government has made it mandatory to link the Pradhan Mantri Jan Dhan Yojana bank account to your Aadhaar card under the Prevention of Money Laundering Act.

The PMJDY was announced by Prime Minister Narendra Modi in his Independence Day address on August 15, 2014, and was simultaneously launched on August 28, 2014, to foster financial inclusion.

Good news for PM Jan Dhan account holders: You can avail benefit of Rs 10000 with zero balance, heres how - Prime Minister Narendra Modi had announced the PMJDY in his Independence Day address on August 15, 2014.

Read more about Microfinancing lessons from a mandi that govt-run Mudra seems to have lost on Business Standard. MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga

CAIT demands restoration of MSME status for 8 crore traders SECTIONS Last Updated: Mar 14, 2021, 10:46 AM IST Share Synopsis The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal said. ThinkStock Photos In absence of supportive policies, a large chunk of business is out of formal system, Khandelwal said, adding, it is right time for ...

New Delhi, Mar 14: The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and

The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and wholesale traders who are part of the service industry. The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal told PTI. According to banking sources, about Rs 3 lakh crore loans given to them are at the r...

Why women run fewer than 13% of India’s small businesses Loan applications of female entrepreneurs are more likely to be delayed or rejected, studies show. Representational image. | Mansi Thapliyal/Reuters Software entrepreneur Niyati Chander, 30, ran into gender bias fairly early in her career. A Bengaluru-based management graduate, she had set up a software enterprise, a Micro, Small and Medium Enterprise with eight employees in June 2020. “I wanted to be in control of ...