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Rs 5,000-crore stressed asset fund for MSMEs mooted
The RBI panel has also recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector. A......
'Budget 2018 certainly obliged the masses'
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially......
What the PM said on 31/12: A fact check
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years, reveal Nitin Sethi and Karan Choudhury. Prime Minister Narendra Modi made a slew of......
NBFCs: Budget fulfills long standing demand
Budget Provisions Non-banking financial companies shall be eligible for deduction to the extent of 5% of its income in respect of provision for bad and doubtful debts (NPAs). FDI will be allowed......
Small businesses can now avail loans from MUDRA
Prime Minister Narendra Modi on Wednesday launched the MUDRA Yojana that will offer loans to 'fund the unfunded' self-employed as well as small businesses, up to Rs 10 lakh at low rate......
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