Mudra Loans

What to expect from September quarter GDP data, Mudra loans turn NPAs; read this and more on Moneycontrol Pro

Ahead of the September quarter data release, economists seem to be engaged in a game of competitive devaluation of the GDP growth estimate, putting it between 4.2 and 4.7%, at constant prices.

RBI asks banks to monitor Mudra loans closely; red flags rising NPA level

Reserve Bank Deputy Governor MK Jain on Tuesday raised concerns over the growing NPA levels in Mudra loans and asked banks to monitor these loans closely

Nirmala Sitharaman's tax bonanza is a good first move to revive economy but constant alert necessary on fiscal scenario ahead

Sitharaman did well a day before her Goa gambit to announce a virtual amnesty for difficult loans extended to MSMEs, besides a "loan mela" roadshows across the country over the next weeks.

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank

The lender is looking at raising Rs 6,000 crore, which includes Rs 4,500 crore from tier 1 bonds and Rs 1,500 crore from employees stock purchase scheme in the near-term

Firstpost Editor's Picks: Chandrayaan 2 launch, 50 days of Modi govt, Big Little Lies season 2 review; today's must-read stories

Editor's Picks: ISRO's Chandrayaan-2 mission, 50 days of Narendra Modi govt, Big Little Lies season 2 review; today's must-read stories.

RBI warning on Mudra loans: NPAs aren’t at alarming levels yet, but banks shouldn’t miss the red flag

The NPA on Mudra loans by public sector banks, which also includes regional rural banks, jumped to Rs 17,250.73 crore as on March 2019, the government informed Parliament on Tuesday.

As many as 2,313 instances of frauds reported in Mudra loan accounts; investigation underway to ascertain lapses

Under the PMMY, Mudra has created three products—'Shishu', 'Kishore' and 'Tarun'—to signify the stage of growth and funding needs of the beneficiary.

Banks need to lend Rs 1 lakh cr to meet MUDRA target for FY19; only about Rs 2 lakh crore disbursed till February

As on 22 February, the total loan disbursed under the Micro Units Development and Refinance Agency Ltd (MUDRA) scheme stood at Rs 2,02,668.9 crore

Budget 2019: 15.56 lakh loans worth Rs 7.23 lakh cr sanctioned under Mudra scheme, says finance minister

Presenting the Budget for 2019-20 in the Lok Sabha, Goyal said more than 70 percent of Mudra scheme beneficiaries were women.

Budget 2019: With signs of rural distress looming large on economy, MGNREGA could be hope for bringing some cheer

It remains to be seen whether the increased allocations will help manage clearing the wage dues as labour wage expenditure has already crossed Rs 55,000 crore under MGNREGA this year.