Mudra Loans

Showing of 1 - 20 from 23 results
Mudra Loans - Total results - 23
Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
Business

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus

Coronavirus Outbreak: Sa-Dhan urges PM for extension of loan moratorium benefits to MFI industry
Business

Coronavirus Outbreak: Sa-Dhan urges PM for extension of loan moratorium benefits to MFI industry

Microfinance lenders' umbrella body Sa-Dhan has urged Prime Minister Narendra Modi for an extension of the loan moratorium benefits to the MFI industry in a bid to help small-ticket borrowers, who are at the risk of being pushed into extreme hardships

Nearly 3% of Rs 6 lakh cr loans sanctioned under Pradhan Mantri Mudra Yojana turn NPAs: Govt
Business

Nearly 3% of Rs 6 lakh cr loans sanctioned under Pradhan Mantri Mudra Yojana turn NPAs: Govt

The government on Tuesday said close to 3 percent of Rs 6.04 lakh crore worth of loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) has turned into bad loans

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

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
Business

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
Business

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
Business

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
India

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
Business

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
Business

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
Business

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
Business

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
Business

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.

2019 interim Budget set to be populist, but Modi will avoid Congress extravagance; focus on Ayushman Bharat
Business

2019 interim Budget set to be populist, but Modi will avoid Congress extravagance; focus on Ayushman Bharat

The 1 February budget—the last from Prime Minister Narendra Modi's government elected in 2014—will be a Vote on Account, and it would be better to look for political signals in the economic document.

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet
Business

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet

It would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.

PSB's Mudra loan NPAs nearly doubled to Rs 7,277.31 in 2017-18 from Rs 3,790.35 in 2016-17
Business

PSB's Mudra loan NPAs nearly doubled to Rs 7,277.31 in 2017-18 from Rs 3,790.35 in 2016-17

The total amount of Mudra loans extended by PSBs rose around 22 percent to Rs 92,492.69 crore in 2017-18 from Rs 71953.66 crore in 2016-17.

Niti Aayog V-C Rajiv Kumar terms criticism of jobless growth as 'spurious', says 70 lakh jobs created in FY18 alone
Business

Niti Aayog V-C Rajiv Kumar terms criticism of jobless growth as 'spurious', says 70 lakh jobs created in FY18 alone

Recently, former PM Manmohan Singh had said the BJP-led government's promise to generate two crore jobs annually has turned out to be a "gimmick".

Arun Jaitley hits out at Raghuram Rajan saying postmortem easier than taking action when required
Business

Arun Jaitley hits out at Raghuram Rajan saying postmortem easier than taking action when required

Rajan, who had as the chief economist at IMF warned of impending financial crisis of 2008, in a note to a parliamentary committee warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.

Digital India: How India's vibrant economy can lead the world with disruptive innovation
Business

Digital India: How India's vibrant economy can lead the world with disruptive innovation

Digital India has been a frontrunner in India’s marathon towards a digitally empowered society and there is a visible change in people’s mindset

Independence Day speech: Corrupt, black money hoarders will not be spared, says Narendra Modi
Business

Independence Day speech: Corrupt, black money hoarders will not be spared, says Narendra Modi

The prime minister said his government would not spare the corrupt and those who have stashed black money who have ruined the country