Mumbai, December 25: Loan app scams have surfaced lately and a result of which, RBI cautioned people asking them to be careful. Loans are being offered by unauthorised digital platforms, mobile applications promising a quick and hassle-free process. RBI Cautions People Against Loans Being Offered by Unauthorised Platforms, Apps Promising Quick & Hassle-Free Approach Several […]
Tag Archives: loans
Credit Guarantee Scheme For MSME Sector Unlikely to be Extended Beyond October 2020
New Delhi, October 19: The Narendra Modi government is unlikely to extend the Rs 3 lakh crore-Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector beyond October. According to a PTI report, this scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the […]
MSMEs in India Get Big Relief! Govt Ready to Waive ‘Interest on Interest’ on Loans Up to Rs 2 Crore During Moratorium
New Delhi, October 17: In a major relief to thousands of individuals and MSME borrowers in India, the Modi government announced that it is ready to waive ‘interest on interest’ on loan up to Rs 2 crore during moratorium. In an affidavit filed on October 3, the government informed the Supreme Court that it has […]
BharatPe Gears Up For Loan Disbursal as It Expects SMEs to Bounce Back Ahead of Festive Season 2020 Amid COVID-19 Pandemic
Mumbai, October 2: BharatPe is gearing up for loan disbursal ahead of the festive season as it believes that the MSME sector will revive soon. The company announced that it has already disbursed loans to the tune of Rs 150 crore in the ongoing quarter with the help of its partners and it has thus […]