Page 4 - Priority Sector News Today

Here is the Read Full Text of President Ram Nath Kovind's address to the Joint Sitting of two Houses of Parliament  

MoU under RBI’s CLM, significantly expanding the portfolio of lending products.

With this alliance, Edelweiss and Indian Bank, aim to create a conducive lending environment and democratise access to credit, channelising liquidity to those who need it the most, explained Edelweiss Group in an official statement.

The PIC is suing Iqbal Survé's Sekunjalo Independent Media for R700 million related to the 2013 takeover of Independent Newspapers.

Jul 6, 2021 Under the District Annual Credit Plan for 2020-21 of Rs.1464.40 Cr Banks have disbursed Rs.980.01 Cr to 44766 beneficiaries for FY up to 31.03.2021 thus achieving 67% of ACP target despite Pandemic restrictions, the meeting was informed.   It was informed that achievement under the Priority Sector is Rs.795.38Cr (58%) of ACP and under the Non-priority sector it is Rs. 184.62Cr a total of 184% of ACP.   Under Atmanirbhar Bharat Abhiyan 15821 cases under KCC crop and 5762 cases unde...

Working capital finance is an important aspect in any venture, more so for the fledgling MSME businesses. As the Indian economy is largely MSME driven with this sector contributing upwards of 30% to the economy...

Sahakar Bharati has presented its view before the Expert Committee formed by the RBI to take stock of the

Edelweiss strengthens co-lending partnership with CBoI for MSMEs ​ By IANS | ​ 0 Views Edelweiss strengthens co-lending partnership with CBoI for MSMEs . (Twitter). Image Source: IANS News Mumbai, June 1 : Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of Indias largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterp...

The Reserve Bank of India (RBI) will give banks Rs 50,000 crore to enable them to lend further for "healthcare needs" in the Covid-19 crisis, said governor Shaktikanta Das on Wednesday. “India has mounted a valiant defence against Covid-19. The RBI will continue to monitor the emerging situation and deploy all instruments at its command," said Das at an unscheduled briefing where he listed measures the central bank will take to support the economy during a second wave of infections. “...

Reserve Bank of India Governor Shaktikanta Das.   | Photo Credit: PTI In an unscheduled address, the Governor said that the situation in the country has reversed from being on foothills of strong economic recovery to facing a fresh crisis. The Reserve Bank of India (RBI) on May 5 announced several measures to protect small and medium businesses, individual borrowers from the adverse impact of the intense second wave of COVID-19 across the country. It has also made provisions for banks to adva...