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FM seeks additional Rs 2.35 lakh crore to meet expenses

 Union Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2.35 lakh crore, which include cash outgo of Rs 1.66 lakh crore, primarily to meet......

Cabinet okays Rs 3 lakh cr emergency credit line for MSMEs

 The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME......

PSBs sanction Rs 3,200 cr loans to MSMEs in one day

 The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month. Illustration: Dominic......

FM urges pvt banks to ensure smooth liquidity for MSMEs

 The finance minister chaired a meeting through video conference with major private banks and NBFCs to ensure effective rollout of ECLGS and uninterrupted liquidity to Indian MSMEs in this difficult......

Sitharaman tells PSU bank chiefs to quicken loans to MSMEs

 Finance Minister Nirmala Sitharaman on Tuesday held a review meeting on credit guarantee scheme with heads of public sector banks, and asked them to expedite loan disbursement under the Rs 3-lakh......

Govt seeks to infuse Rs 20,000 cr in public sector banks

 This is part of the first batch of Supplementary Demands for Grants for 2020-21 moved by Finance Minister Nirmala Sitharaman in the Lok Sabha. Illustration: Dominic Xavier/Rediff.com The......

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