Tamil Nadu priority sectors’ credit potential projected at Rs 9 lakh crore
1 month, 3 weeks ago

Tamil Nadu priority sectors’ credit potential projected at Rs 9 lakh crore

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu on Wednesday released the State Focus paper prepared by National Bank for Agriculture and Rural Development that predicts a total credit potential of Rs 9.37 lakh crore for priority sectors in the state for the year 2025-26. This represents a 12.41% increase over the credit potential for the current financial year 2024-25, which was fixed at Rs 8.3 lakh crore. Speaking during the State Credit Seminar for Financial Year 2025-26, the finance minister highlighted NABARD’s support for creation of rural infrastructure assisting to the tune of Rs 31,887 crore for 47,295 projects. The minister said NABARD’s suggestions will be considered by the state to create necessary infrastructure to facilitate credit flow to weaker sections, MSMEs, and self help groups.

Credit Crore  potential  state  tamil  total  projected  rural  lakh  credit  priority  minister  rs  sectors  sector  crore  nadu

History of this topic

Potential-linked credit plan released for Thoothukudi
3 days, 9 hours ago

Potential-linked credit plan released for Thoothukudi

The Hindu  

Collector K. Elambahavath released the Potential-Linked Credit Plan prepared by the National Bank for Agriculture and Rural Development for Thoothukudi district for the fiscal year 2025-26 at the district level bankers meeting on Thursday. According to a press release, the total credit projection for Thoothukudi district stands at ₹20,011.80 crore with the agriculture sector receiving the allocation of ₹9872.11 crore …

TN Budget 2025: Rs 1,918 crore allocated for MSME growth; nine new industrial estates announced
2 weeks, 3 days ago

TN Budget 2025: Rs 1,918 crore allocated for MSME growth; nine new industrial estates announced

New Indian Express  

CHENNAI: With a strong focus on setting up new industrial estates, promoting startups and supporting artisans, the Tamil Nadu government has allocated Rs 1,918 crore for the Micro, Small, and Medium Enterprises Department. Finance Minister Thangam Thennarasu announced that the Tamil Nadu Small Industries Development Corporation will establish nine new industrial estates across the state at an investment of Rs …

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister
2 weeks, 3 days ago

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister

The Hindu  

Tamil Nadu Finance Minister Thangam Thennarasu on Friday presented the Medium Term Fiscal Plan, which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore. Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private …

Tirunelveli district to get ₹18,059 crore as priority loans in upcoming fiscal
3 weeks, 3 days ago

Tirunelveli district to get ₹18,059 crore as priority loans in upcoming fiscal

The Hindu  

The Potential-linked Credit Plan for the district has envisaged the credit flow of ₹18,059.28 crore for the upcoming financial year 2025 – 2025 with agricultural sector, the district’s predominant profession, taking its lion’s share of ₹14,537.87 crore. Releasing the Potential-linked Credit Plan at the Collectorate on Thursday evening, District Collector R. Sukumar said the marginal, small and medium industries would …

NABARD envisages ₹27,413.85 crore credit flow for Tiruchi district in 2025-26
4 weeks, 2 days ago

NABARD envisages ₹27,413.85 crore credit flow for Tiruchi district in 2025-26

The Hindu  

The Potential Linked Credit Plan drawn up by the National Bank for Agriculture and Rural Development has estimated the credit potential for Tiruchi district at ₹27,413.85 crore during 2025-26, an increase of 2.23% over the projections for the current year. The PLP, released by Collector M. Pradeep Kumar recently, forms the basis for finalisation of the Annual Credit Plan for …

NABARD projects priority sector credit potential of ₹4 .47 lakh crore for Karnataka
1 month ago

NABARD projects priority sector credit potential of ₹4 .47 lakh crore for Karnataka

The Hindu  

Of the estimated credit potential of ₹4.47 lakh crore for priority sector lending in Karnataka during 2025-26, the share of agriculture is pegged at ₹2.04 lakh crore, MSME at ₹1.88 lakh crore, and other priority sector activities at ₹0.56 lakh crore, said KVSSLV Prasada Rao, Chief General Manager, NABARD, Karnataka Regional Office. Speaking at the State Credit Seminar for the …

NABARD’s potential linked credit plan for 2025-26 for Mysuru released
1 month, 1 week ago

NABARD’s potential linked credit plan for 2025-26 for Mysuru released

The Hindu  

The National Bank for Agriculture and Rural Development has released the Potential Linked Credit Plan for the financial year 2025-26 for the Mysuru district and the projection is pegged at ₹22,816.18 crore. The projection for export is ₹547.20 crore, housing ₹503.55 crore, education ₹268.56 crore, social infrastructure ₹39.96 crore, renewable energy ₹15.12 crore, and ₹1,111.72 crore is assessed for ‘other …

Centre allocated ₹1.08 lakh crore to Telangana in this year’s budget, says Union Minister Bandi Sanjay Kumar
1 month, 1 week ago

Centre allocated ₹1.08 lakh crore to Telangana in this year’s budget, says Union Minister Bandi Sanjay Kumar

The Hindu  

Union Minister of State for Home Bandi Sanjay Kumar on Thursday claimed that Telangana has been allocated ₹1.08 lakh crore in the form of taxes and schemes in this year’s Union Budget and accused the Congress government of spreading “false propaganda” against the Centre to divert the attention of the people from its own failure to implement the six promised …

NABARD pegs credit potential for Kanniyakumari district at ₹28,687 crore
1 month, 1 week ago

NABARD pegs credit potential for Kanniyakumari district at ₹28,687 crore

The Hindu  

Kanniyakumari District Revenue Officer J. Balasubramaniam released the Potential-Linked Credit Plan prepared by National Bank of Agriculture and Rural Development for Kanniyakumari district for the fiscal year 2025-26. The total credit projection for Kanniyakumari district stands at ₹28,687 crore with the agriculture sector receiving the highest allocation of ₹13,280 crore. At the event the revenue officer advised the banks to …

Govt to roll out credit rating for rural borrowers in six months
1 month, 1 week ago

Govt to roll out credit rating for rural borrowers in six months

Live Mint  

New Delhi: The Union government plans to launch a Grameen Credit Score system within six months, mirroring the MSME credit framework, to boost formal lending to farmers, self-employed individuals, and self-help groups, two people familiar with the matter toldMint. Like the Micro, Small and Medium Enterprises MSME model, the rural credit score will incorporate alternative financial indicators, such as utility …

Odisha budget to target faster growth, raise social sector spending
1 month, 2 weeks ago

Odisha budget to target faster growth, raise social sector spending

New Indian Express  

BHUBANESWAR: The size of the state budget is likely to touch Rs 3 lakh crore, up from Rs 2.65 lakh crore in 2024-25, when Chief Minister Mohan Charan Majhi presents the annual budget in the Assembly on Monday. With the latest Odisha Economic Survey projecting state’s economy to expand in the range of 8 per cent to 8.5 per cent …

NABARD assessment of 2025-26 credit potential for Tiruppur district reflects yearly rise by 17.9% to ₹46,005 crore
Trending News
1 month, 2 weeks ago

NABARD assessment of 2025-26 credit potential for Tiruppur district reflects yearly rise by 17.9% to ₹46,005 crore

The Hindu  

The credit potential of ₹46,004.98 crore assessed for Tiruppur district by National Bank for Agriculture and Rural Development for 2025-26 reflects a 17.9% increase over the current year credit target for the district. The Potential Credit Plan has earmarked ₹25,180.76 crore for MSMEs. The PCP envisages outlay of ₹11,667.67 crore for agriculture, ₹984.75 crore for export credit, ₹307.20 crore for …

Telangana's Credit Potential Under Priority Sector Put at Rs 3.86 Lakh Crore
1 month, 2 weeks ago

Telangana's Credit Potential Under Priority Sector Put at Rs 3.86 Lakh Crore

Deccan Chronicle  

Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka, who also holds the portfolios of finance, planning and energy, released the state focus paper 2025-26 brought out by the National Bank for Agriculture and Rural Development here on Friday. The paper pegged the credit potential under priority sector for the state at Rs 3.86 lakh crore, which marks a 37.08 per cent …

NABARD pegs credit potential for priority sectors across Telangana at ₹3.86 lakh crore
Trending News
1 month, 2 weeks ago

NABARD pegs credit potential for priority sectors across Telangana at ₹3.86 lakh crore

The Hindu  

Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has called for a collaborative approach to ensure timely and adequate credit flow to priority sectors as well as to promote financial literacy and digital banking in rural areas besides leveraging National Bank for Agriculture and Rural Development’s expertise for innovative financing models. Credit potential of ₹1.63 lakh crore for agriculture Mr. Bhatti …

T.N. Finance Minister releases NABARD’s State Focus Paper 2025-26
1 month, 3 weeks ago

T.N. Finance Minister releases NABARD’s State Focus Paper 2025-26

The Hindu  

Despite recent natural disasters, Tamil Nadu continues to demonstrate strong resilience with a compounded annual growth rate of 11-12 percent over the past decade, Finance Minister Thangam Thennarasu said in Chennai on Wednesday. After releasing the State Focus Paper 2025-26 of National Bank for Agriculture and Rural Development at the State Credit Seminar, he said Tamil Nadu had allocated ₹29,730 …

Budget’s agri focus to boost rural jobs, curb migration: Minister Dharmendra Pradhan
1 month, 4 weeks ago

Budget’s agri focus to boost rural jobs, curb migration: Minister Dharmendra Pradhan

New Indian Express  

BHUBANESWAR : Union Education minister Dharmendra Pradhan on Monday said Odisha will be the biggest beneficiary of the Union Budget-2025. Odisha being an agriculture-based economy, will immensely benefit from the PM Dhan Dhaanya Krishi Yojana aimed at covering 100 districts with low productivity, moderate crop intensity and below-average credit parameters. The minister said the comprehensive multi-sectoral rural prosperity and resilience …

Nothing substantial for Tamil Nadu in Budget, say trade bodies
Trending News
1 month, 4 weeks ago

Nothing substantial for Tamil Nadu in Budget, say trade bodies

The Hindu  

The trade bodies in Madurai offered a largely disappointed reaction to Budget 2025 presented in Parliament by Union Finance Minister Nirmala Sitharaman on Saturday as they could not find anything substantial for Tamil Nadu. Tamil Nadu Chamber of Commerce and Industry president N. Jegatheesan said it was disappointing that there was nothing for Tamil Nadu in the Budget. K. Suganya, …

Farmers express disappointment over lack of announcement on enhancing assistance
1 month, 4 weeks ago

Farmers express disappointment over lack of announcement on enhancing assistance

The Hindu  

The Tamil Nadu Vivasayigal Sangam, affiliated to the CPI, has said that the interests of farmers have been neglected in the Union Budget. The Tamizhaga Cauvery Vivasayigal Sangam State president, N.Palaniappan said on Saturday that the Budget failed to address the issues relating to organic farming and there was no announcement about the much anticipated enhancement of annual assistance under …

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure
1 month, 4 weeks ago

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure

Live Mint  

In the Union Budget 2025, Finance Minister Nirmala Sitharaman has announced a major allocation of ₹1.5 lakh crore for 50 years interest free loans to the state governments for boosting capital expenditure and development of infrastructure across the country. With this, The central government aims to empower states to make substantial capital expenditures without the immediate cost of interest payments …

NABARD assesses ₹3.14 lakh cr as Haryana’s credit potential
2 months ago

NABARD assesses ₹3.14 lakh cr as Haryana’s credit potential

Hindustan Times  

The National Bank for Agriculture and Rural Development has assessed a credit potential of ₹3.14 lakh crore under priority sector lending in Haryana for 2025-26. The National Bank for Agriculture and Rural Development has assessed a credit potential of ₹ 3.14 lakh crore under priority sector lending in Haryana for 2025-26. As per NABARD’s state focus paper released by Haryana …

Nabard State Focus paper projects credit potential of ₹2.79 lakh crore under priority sector in 2025-26
2 months, 1 week ago

Nabard State Focus paper projects credit potential of ₹2.79 lakh crore under priority sector in 2025-26

The Hindu  

A ‘State Focus Paper for 2025-26’ of the National Bank for Agriculture and Rural Development unveiled on Wednesday projects a credit potential of ₹2.79 lakh crore under the priority sector. 17% increase The total credit potential of ₹2.79 lakh crore represents a 17% increase compared to the credit potential for 2024-25, according to NABARD. New growth opportunities Mr. Balagopal said …

Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall
2 months, 1 week ago

Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall

Live Mint  

The Priority Sector Lenders Association of India as it is called has been set up under the aegis of Indian Software Product Industry Round Table, a non-profit think tank, to solve the issue of credit shortfall to small businesses. The Reserve Bank of India, through its priority sector lending programme, ensures that banks extend credit to the vulnerable groups and …

Cuddalore Collector releases credit potential assessment for 2025-26, aims for Rs 21,069.89 crore credit growth
2 months, 2 weeks ago

Cuddalore Collector releases credit potential assessment for 2025-26, aims for Rs 21,069.89 crore credit growth

New Indian Express  

CUDDALORE: Collector Sibi Adithya Senthil Kumar released the credit potential assessment document for the financial year 2025-26 at a meeting held at the collectorate conference hall. Speaking at the event, the collector stated, “The National Bank for Agriculture and Rural Development has estimated the district’s credit potential for 2025-26 at Rs 21,069.89 crore. This represents an 11% increase compared to …

India: Govt Plans New Financing for MSMEs
3 months, 3 weeks ago

India: Govt Plans New Financing for MSMEs

Deccan Chronicle  

New Delhi: The Modi-led NDA government is open to exploring some alternate financing models for micro, small, and medium enterprises where the concerned ministry can earmark particular areas in the proposed industrial townships for the MSMEs. The statement of the government comes at a time when small business houses in the country are reportedly facing specific issues in accessing bank …

Centre to launch collateral-free loan schemes for MSMEs: Nirmala Sitharaman
4 months, 3 weeks ago

Centre to launch collateral-free loan schemes for MSMEs: Nirmala Sitharaman

New Indian Express  

BENGALURU: The Union Government will provide up to Rs 100 crore collateral-free loans to Micro, Small and Medium Enterprises under a new special credit guarantee scheme, Union Finance Minister Nirmala Sitharaman announced, highlighting that the move is in response to long-standing challenges in securing funding, especially for term loans required for plant and machinery. The FM also revealed plans for …

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper
8 months ago

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper

Hindustan Times  

Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu on Friday alleged that the state’s economy had witnessed a sharp fall in the growth rate from 13.5% to 10.5% during the five-year regime of the previous YSR Congress Party government, resulting in a loss of revenue up to ₹6.94 lakh crore. The chief minister said the state’s …

MSME data will help policy-making, finds economic survey
8 months, 1 week ago

MSME data will help policy-making, finds economic survey

Deccan Chronicle  

Chennai: Improving the availability of data regarding the health of MSMEs will help policy-making, finds the Economic Survey. Updated IIP, production and employment data of MSMEs, information on credit disbursement, and industry-wise financial flows are some of them. Further, there should be information on industry-wise gross disbursement of bank credit as opposed to the data on outstanding credit currently available, …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
9 months ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

NABARD pegs credit plan estimate for Villupuram at over ₹13,000 crore for 2024-25
1 year, 1 month ago

NABARD pegs credit plan estimate for Villupuram at over ₹13,000 crore for 2024-25

The Hindu  

The National Bank for Agriculture and Rural Development has pegged the Potential Linked Credit Plan for Villupuram district at ₹13,813.96 crore for the year 2024-25. The projected credit potential for the priority sectors of the district for 2024-25 is 87.75% more than the previous year’s estimated credit flow potential. Considering the need for promoting capital formation in agriculture and allied …

NABARD estimates ₹3.97 lakh crore credit potential for Karnataka in 2024-25
1 year, 2 months ago

NABARD estimates ₹3.97 lakh crore credit potential for Karnataka in 2024-25

The Hindu  

National Bank for Agriculture and Rural Development has estimated the credit potential for Karnataka at ₹3.97 lakh crore for 2024-25. The credit potential for the agriculture sector, including the farm credit of ₹1,54,11738.36, has been estimated at ₹1.85 lakh crore. PLPs for all 31 districts NABARD prepared Potential Linked Credit Plans for all 31 districts of the State after detailed …

Budget 2023: Centre hikes farm credit target by 11% to Rs 20 lakh crore for FY24
2 years, 1 month ago

Budget 2023: Centre hikes farm credit target by 11% to Rs 20 lakh crore for FY24

Firstpost  

Among other big ticket announcements for agriculture and allied sectors, Nirmala Sitharaman – in her budget speech – said the Centre will launch a new sub-scheme of Pradhan Mantri Matsya Sampada Yojana with an investment of Rs 6,000 crore to improve value chain efficiencies and fisheries market New Delhi: The Centre on Wednesday announced an 11 per cent hike in …

Agricultural Credit Target To Be Increased To Rs 20 Lakh Crores: FM Sitharaman
2 years, 1 month ago

Agricultural Credit Target To Be Increased To Rs 20 Lakh Crores: FM Sitharaman

ABP News  

Finance Minister Nirmala Sitharama during her Budget 2023 speech announced an 'Agriculture Accelerator Fund' will be set up to encourage agri-startups by young entrepreneurs. Finance Minister Sitharaman said the agricultural credit target will be increased to Rs 20 lakh crores with a focus on animal husbandry, dairy and fisheries. FM Nirmala Sitharaman also said, over the next 3 years, one …

Nabard projects Madhya Pradesh’s credit potential at ₹2.58 lakh crore
2 years, 2 months ago

Nabard projects Madhya Pradesh’s credit potential at ₹2.58 lakh crore

Live Mint  

The National Bank for Agriculture and Rural Development on Tuesday projected Madhya Pradesh’s priority sector credit potential at ₹2.58 lakh crore for the upcoming financial year 2023-24. According to the announcement made during the annual state credit seminar in Bhopal,the estimated credit potential of Madhya Pradesh has increased from ₹2.42 lakh crore in 2022-23, up 6.43%. A document published by …

Cabinet approves Rs12,882 crore for continuation of development schemes in Northeast
2 years, 2 months ago

Cabinet approves Rs12,882 crore for continuation of development schemes in Northeast

Live Mint  

The Union Cabinet has approved continuation of schemes of Ministry of Development of North Eastern Region with an outlay of ₹12,882 crore, for the balance period of the 15th Finance Commission. Based on the Expenditure Finance Committee recommendations, the outlay for the North East Special Infrastructure Scheme will be ₹8,139.5 crore including committed liabilities of ongoing projects. The MDoNER Schemes …

Providing fundamental facilities to every citizen is Centre's biggest priority: PM Modi
2 years, 6 months ago

Providing fundamental facilities to every citizen is Centre's biggest priority: PM Modi

Firstpost  

Under ‘Pradhan Mantri Awas Yojana’, two lakh houses have been approved and more than 1.30 lakh have been completed in Kerala, Prime Minister Narendra Modi said Kochi: Prime Minister Narendra Modi on Thursday said the biggest priority of the union government is to provide fundamental facilities to every citizen of the country and build modern infrastructure. Under ‘Pradhan Mantri Awas …

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs
3 years ago

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs

The Hindu  

The Tamil Nadu Budget for 2022-2023, presented on Friday, has hiked the allocation for Micro, Small and Medium-scale Enterprises Department by almost 48%. Micro cluster development With a view of helping micro enterprises’ clusters, the Tamil Nadu government would launch a new “Micro Cluster Development Programme”, Finance Minister Palanivel Thiaga Rajan said in the State Legislative Assembly in Chennai on …

Union Budget 2022-23: Covid-hit microfinance industry seeks higher credit guarantee scheme
3 years, 2 months ago

Union Budget 2022-23: Covid-hit microfinance industry seeks higher credit guarantee scheme

India Today  

The Covid-19 hit microfinance sector has urged Finance Minister Nirmala Sitharaman to increase the limit of credit guarantee scheme in the upcoming budget for 2022-23. In the budget representation to the ministry, the self regulatory body of MFIs stated the sector has been facing a few challenges in terms of higher credit costs and access to low-cost long term funds. …

Budget 2022: Govt may hike agri credit target to about Rs 18 lakh cr
3 years, 2 months ago

Budget 2022: Govt may hike agri credit target to about Rs 18 lakh cr

India TV News  

Highlights Govt may hike agri credit target to about Rs 18 lakh cr The government has been increasing the credit target for the farm sector every year For the current financial year, the government has set a credit target of Rs 16.5 lakh crore With a view to give a boost to the agriculture sector, the government is likely to …

Need to double infra spending: Seth
3 years, 5 months ago

Need to double infra spending: Seth

The Hindu  

India needs to double its infrastructure spending and the private sector must step up and partner with the government, Economic Affairs Secretary Ajay Seth said on Monday, adding that the ministry was actively working on the Gati Shakti vision outlined by the Prime Minister. Mr. Seth said that work was apace on operationalising the ₹111 lakh crore National Infrastructure Pipeline …

Tamil Nadu to get $150 million ADB fund for housing
3 years, 6 months ago

Tamil Nadu to get $150 million ADB fund for housing

Deccan Chronicle  

Chennai: The Asian Development Bank has approved a $150-million loan to provide access to inclusive, resilient, and sustainable housing for the urban poor in Tamil Nadu. “Tamil Nadu’s housing shortfall accounts for 6.66 per cent of the national deficit, and when mapped against income levels, low-income households bear most of the shortage,” said Ricardo Carlos Barba, ADB’s principal safeguards specialist …

Union Budget 2021: Farm innovation fund needed to support agri-tech solutions, startups, boost innovation
4 years, 2 months ago

Union Budget 2021: Farm innovation fund needed to support agri-tech solutions, startups, boost innovation

Firstpost  

The agriculture sector accounts for close to 16 percent of the country’s GDP, uses nearly half the available land, consumes around 80 percent of the freshwater resources, and engages almost 50 percent of the country’s workforce. Solar installation-friendly agriculture would help farmers with reduced operational costs, boost land utilisation and improve overall income. Focus on creating infrastructures Special focus and …

Govt may hike agri credit target to about Rs 19 lakh cr in Budget
4 years, 2 months ago

Govt may hike agri credit target to about Rs 19 lakh cr in Budget

India TV News  

Govt may hike agri credit target to about Rs 19 lakh cr in Budget With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources. With the aim of doubling farmers' income by 2022, the …

Govt May Hike Agri Credit Target to About Rs 19 Lakh Crore in Budget 2021-22
4 years, 2 months ago

Govt May Hike Agri Credit Target to About Rs 19 Lakh Crore in Budget 2021-22

News 18  

New Delhi: With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources. For the current fiscal, the government has set a farm credit target of Rs 15 lakh crore. Agriculture credit target for the …

India's pvt credit-to-GDP ratio lowest among peers; govt working on framework: NITI Aayog CEO
4 years, 3 months ago

India's pvt credit-to-GDP ratio lowest among peers; govt working on framework: NITI Aayog CEO

India TV News  

Niti Aayog CEO Amitabh Kant on Saturday said India's private credit-to-GDP ratio is the lowest among its global peers and the government is in the process of putting in place a framework for a credit push towards untapped segments. Addressing a virtual event organised by the Global Alliance for Mass Entrepreneurship, Kant said credit scenario in India in recent years …

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus
4 years, 10 months ago

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus

ABP News  

New Delhi: First in the series of press briefings over Prime Minister Narendra Modi's mega 'Atmanirbhar Bharat Abhiyan', Finance Minister Nirmala Sitharam on Wednesday unveiled the details of the special economic package worth Rs 20 lakh crore. For MSMEs needing handholding, Government announced Rs 50,000 crore Fund of Funds through mother fund - daughter fund to expand their capacity and …

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%
4 years, 10 months ago

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%

Firstpost  

On Wednesday, Sitharaman started by saying that she and her team will hold daily press conferences to inform people about a number of responses the Centre has prepared with the aim of bringing the economy back on track. Finance Minister Nirmala Sitharaman on Wednesday held a press conference detailing the Rs 20 lakh crore economic package aimed at creating an …

Atmanirbhar Bharat Abhiyan: Nirmala Sitharaman announces economic relief packages for MSMEs
4 years, 10 months ago

Atmanirbhar Bharat Abhiyan: Nirmala Sitharaman announces economic relief packages for MSMEs

Op India  

Giving details about PM Modi’s announced “Atmanirbhar Bharat Abhiyan” package worth Rs 20 lakh crores to restart the economy following the coronavirus induced lockdown, the Finance Minister Nirmala Sitharaman has announced a slew of measures to be taken by the government to alleviate the financial concerns faced by the MSME sector. Finance Minister Nirmala Sitharaman announced that MSMEs will get …

FM Nirmala Sitharaman takes care of many concerns of MSMEs
5 years, 1 month ago

FM Nirmala Sitharaman takes care of many concerns of MSMEs

Deccan Chronicle  

Chennai: The budget has tried to address some of the major concerns of the micro small and medium sized companies. The budget has proposed to make necessary amendments to the Factor Regulation Act 2011 to enable NBFCs to extend invoice financing to the MSMEs through TReDS. The provision to enable NBFCs to extend invoice financing to MSMEs will open up …

Budget 2020: Domestic telecom gear makers seek Rs 10,000 cr credit facility, purchase preference
5 years, 2 months ago

Budget 2020: Domestic telecom gear makers seek Rs 10,000 cr credit facility, purchase preference

Firstpost  

Domestic telecom gear makers seek a Rs 10,000 crore line of credit facility from the government in the upcoming budget to bring them at par with foreign competitors, according to a wishlist submitted by the telecom committee at PHD Chamber of Commerce and Industry New Delhi: Domestic telecom gear makers seek a Rs 10,000 crore line of credit facility from …

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