Sitharaman extends ECLGS scheme for MSMEs till Mar 2023

The Emergency Credit Line Guarantee Scheme (ECLGS) that provided much needed additional credit to over 1.3 crore MSMEs will be extended till March 2023 with its guarantee cover expanded by Rs......

Cabinet nod for Rs 1 lakh crore agri-infra fund

The new agri-infra fund, the duration of which will be 10 years till 2029, aims to provide medium-to-long term debt financing facility for investment in viable projects for post-harvest management......

Mudra Bank: New regime, old philosophy

What can Mudra Bank do that can't be done now with some tweaking of the existing system? I dug around a bit and discovered, to my horror, that successive governments have focused on microlending......

Sitharaman asks banks to be more customer-friendly

Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers.......