Synopsis Financial needs of all stakeholders ranging from the budding entrepreneurs to the hard-working farmers has also been catered to through various initiatives. A key initiative towards this is Pradhan Mantri MUDRA Yojana (PMMY), which has given wings to the dreams and aspirations of millions, along with a feeling of self-worth and independence, Finance Ministry said.
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The Finance Ministry on Wednesday said banks and financial institutions have sanctioned Rs 14.96 lakh crore to over 28.68 crore beneficiaries in the last six years. Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015 to promote entrepreneurship.
Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes.
Over 28 68 crore loans sanctioned by banks, NBFCs and MFIs since PMMY launch timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
All Bank Branches To Be Covered Under Cheque Truncation System By September, Says RBI
The Reserve Bank of India (RBI) (PUNIT PARANJPE/AFP/Getty Images)
In a letter written to heads of the bank, the Chief General Manager (CGM) of the Reserve Bank of India, RBI, has asked them to implement image-based cheque truncation system (CTS) across all bank branches by September.
This comes in accordance with the Statement on Development and Regulatory policy issued by RBI last month.
Currently, 1,50,000 branches of all banks have implemented the CTS system since its inception in 2010.
Till last September, all 1,219 pre-existing non-CTS clearing houses had successfully migrated to CTS system all over the country.
Banks sanction Rs 2.46 lakh cr loans to 92 lakh borrowers under ECLGS
Banks have sanctioned loans worth Rs 2.46 lakh crore under ECLGS, Union Minister of State for Finance Anurag Thakur told the Rajya Sabha
PTI | March 10, 2021 | Updated 10:02 IST
As on February 28, 2021, guarantees have been issued under ECLGS to 92.27 lakh borrowers
Banks have sanctioned loans worth Rs 2.46 lakh crore to about 92 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector, Minister of State for Finance Anurag Thakur on Tuesday said.
As informed by National Credit Guarantee Trustee Company (NCGTC), the implementing agency of Emergency Credit Line Guarantee Scheme, as on February 28, 2021, the amount of loan sanctioned under ECLGS is Rs 2.46 lakh crore, he said in a written reply to the Rajya Sabha.
Banks sanction Rs 2 46 lakh cr to 92 lakh borrowers under credit guarantee scheme to MSMEs indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.