Micro Finance News - Latest Updates & Headlines
Ten years of Mudra fuels grassroots entrepreneurship
New Delhi, April 8: India on Tuesday marks ten years of the Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of Prime Minister Narendra Modi aimed at funding the unfunded micro enterprises and small businesses.
Sanctioned 50 crore loans worth Rs 33 lakh crore: Department of Financial Services Secretary as PM Mudra Yojana completes 10 yrs
New Delhi, April 8: Pradhan Mantri Mudra Yojana, the Flagship Programme of the Prime Minister aimed at funding the unfunded micro enterprises and small businesses, has sanctioned 50 crore loan accounts worth Rs 33 lakh crore in the last ten years, an official said.
RBI allows Asirvad, DMI Finance to resume lending operations
Mumbai, Jan 8: The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.