UP offers easy loans, transparent rules to MSMEs; aims to create 90 lakh new jobs in existing units

Lucknow: Hoping to revive its coronavirus-hit economy, the Uttar Pradesh government said on Sunday it would generate 90 lakh new jobs in existing MSME units and encourage entrepreneurs to set up more small industries by offering loans on favorable terms. According to Chief Minister Yogi Adityanath, 90,000 people could get …

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EEPC signs MoU with PNB for easy lending and advisory support to exporters

Under the agreement, the PNB would provide foreign currency loan facilities to EEPC members. The Dollar Affairs Office India’s premier trade and investment promotion body for traders and SME exporters, Engineering Export Promotion Council (EEPC), on Monday signed a Memorandum of Understanding with the Punjab National Bank (PNB) to provide …

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Easy loans program next week: Aslam

Staff Reporter A meeting was held at the Civil Secretariat under the chairmanship of the Provincial Minister of Industries and Commerce Mian Aslam Iqbal during which the performance of the Punjab Small Industries Corporation, the objectives achieved and the way forward were reviewed. PSIC Chief Executive Jameel Ahmed Jameel gave …

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Tata Capital launches digital platform for MSMEs to get loans up to Rs 2 Cr in 48 hours

Tata Capitalthe financial services arm of the Tata Group, today rolled out version 2.0 of its digital platform to provide faster and easier loans exclusively to MSMEs and small businesses, the company said in a press release. Tata Capital says MSME clients can now use this enhanced digital platform to …

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Raghuram Rajan’s Warning About Mudra Loans Last Year May Come True

Many of the working capital loans given to small Indian entrepreneurs could go wrong. RBI Deputy Governor MK Jain sounded the alarm in a speech yesterday but former Governor Raghuram Rajan had already warned of ‘credit risk’ in September 2018. Indian banks have extended loans worth more than ₹7 lakh …

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Maria Susairaj: Cops are looking for ex-actor in Rs 15 crore fake loans case | Bombay News

THANE: Former actress Maria Susairaj, who made headlines in the sensational Neeraj Grover murder case, is back in the news and on the run. The Anti-Extortion Cell of the Criminal Branch of Thane Police has declared her a fugitive accused in a Rs 15 crore cheating case. Four of his …

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easy loans: the government is planning an easy credit system for rural households

NEW DELHI: The government is redesigning a microcredit program to help lift rural households out of poverty. The proposal is to lend up to Rs 1 lakh per family over the next three to five years, with the loans being unsecured and with subsidized interest rates. “We have simplified the …

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Diwali offers, cash back on smartphones from Bajaj Finserv; Diwali loans

Bajaj Firserv offers many options that allow you to purchase consumer products on credit. Diwali fervor is in full swing and businesses are sparing no effort to attract as many customers as possible. Interest, rebate and zero percent cash back offers are plentiful. Diwali offers are available on a range …

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Loans worth Rs 52 cr given to women self help groups in Chhattisgarh

Raipur, January 2: Loans worth around Rs 52 crore have been disbursed to Women Self Help Groups (SHGs) in Chhattisgarh since 2003. Over the past 12 and a half years under the loan scheme “Chhattisgarh Mahila Kosh’,” a government spokesman said here today. SHG women are active in the state …

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Easy loans from the ‘State Bank of Tomato’, Courtesy UP Congress

A picture showing a pile of tomatoes. The Congress of Uttar Pradesh launched the “State Tomato Bank”, with facilities such as easy loans for the purchase of tomatoes, attractive interest rates on its deposit and locker service, as a new way to protest against soaring vegetable prices. PTI Last update:Aug …

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FlexiLoans made easy for SMEs

1) Founders: Manish Lunia, Ritesh Jain, Deepak Jain and Abhishek Kothari went to Indian School of Business together in 2009. They worked on several projects at ISB and later pursued different careers. Lunia has worked with the Aditya Birla group; Ritesh was with Housing.com; Deepak worked for Axis Capital and …

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The Yes Bank NRI account offers: high FD interest, affordable loans to investment webinars; check details

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Personal loans are readily available, but you should avoid easy loans, credit card debt

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit the zeenews.india.com websites …

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How to get mobile loans when lenders block borrowers –

Several mobile lending apps have suspended lending to individuals, in line with the Central Bank of Kenya (CBK) directive prohibiting them from being third-party providers of credit information to Credit Reference Bureaus (CRBs). ). Nearly 100 mobile lenders, known as digital lenders, have suspended operations, while others have limited lending …

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PSBs sanction loans worth more than Rs 10,000 under Emergency Line of Credit Guarantee Scheme

India oi-Vicky Nanjappa | Updated: Wednesday, June 3, 2020, 6:16 PM [IST] New Delhi, 03 June: Public sector banks have sanctioned loans worth more than Rs 10,361 crore under the 100% emergency line of credit guarantee scheme, the government announced on Wednesday. Public sector banks have sanctioned such loans through …

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Interest rate on loans under the Kamyab Jawan program reduced by 50%

ISLAMABAD – Prime Minister’s Finance and Revenue Advisor Abdul Hafeez Sheikh has announced a 50% reduction in the interest rate on loans under the Kamyab Jawan scheme and also increased the loan limit by 5 million rupees to 25 million rupees. He said the government provided loans under the Kamyab …

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A healthy profit: J&K apple growers reap the rewards of bank loans

A healthy profit: J&K apple growers reap the rewards of bank loans By Naseer Ganai Published: 21:13 GMT, November 12, 2013 | Update: 21:13 GMT, November 12, 2013 Gone are the days when apple farmers in Kashmir had to approach lenders and middlemen for loans. With Jammu and Kashmir’s main …

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Women-led SMEs need easy loans: experts

Women entrepreneurs in Bangladesh still face hurdles in accessing finance as financial institutions are reluctant to lend to them, SME Foundation Managing Director Shafiqul Islam said yesterday. According to him, only 15% of women entrepreneurs have access to financing. For all the latest news, follow the Daily Star’s Google News …

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Interest-free loans worth Rs 500 million disbursed under Ehsaas scheme

KARACHI- Under the Ehsaas strategy, part of the National Poverty Alleviation Initiative, interest-free loans worth Rs 500 million have been rolled out to 10 lagging districts in Sindh. The checks were distributed to the beneficiaries by Sindh Governor Imran Ismail who was the chief guest at the ceremony held in …

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Lendingkart Group partners with Unicommerce to facilitate easy lending to its SME customers

Lendingkart Group has announced a strategic partnership with Unicommerce, the Delhi-based multi-channel order fulfillment platform. The partnership will enable Unicommerce’s consumer base to access collateral-free working capital loans through Lendingkart Group’s NBFC within 72 hours of application at a discounted rate. The two players form an ideal synergy as they …

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App-based taxi companies lure drivers with easy loans

For years, Yashpal Yadav worked as a foreign tourist bus driver in Kolkata, earning a salary of nearly Rs 15,000 per month. A few months later, Yadav heard about the new taxi driver in town, Uber, where a few of his friends could earn up to Rs 40,000 per month. …

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Government has repaid $10bn in debt service on loans taken by previous governments: PM

Prime Minister Imran Khan said the PTI government had repaid $10 billion in debt service on loans taken out by previous governments. In an interview with a private TV channel, he said that we are focusing on controlling the current account deficit and money laundering to relieve the pressure on …

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Flipkart, Snapdeal, Amazon and More Partner with NBFC to Provide Easy Loans to Sellers, Retail News, ET Retail

Cholamandalam Investment and Finance said it has partnered with mobile app-based taxi aggregator, Ola, to offer car loans to the latter’s drivers. MUMBAI: To encourage more sellers to join their online channels, e-commerce majors including Flipkart, Snapdeal, Amazon and eBay are partnering with non-bank lenders to provide loans to those …

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Obado: FB account giving loans in three minutes is fake

Governor Obado challenged detectives to investigate the fake account and arrest the culprits. (Standard) Migori Governor Okoth Obado issued an alert to members of the public about a fake Facebook account impersonating him on social media. Speaking to Standard Digital by phone, the governor said he only has one official …

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Flipkart Marketplace Partners with Capital Float & Lendingkart to Give Sellers Easy Access to Loans

Flipkart Marketplace, which launched a year ago, will now offer sellers on its platform access to easy loans through lending partners Capital Float and Lendingkart. The mailer sent by Flipkart Marketplace asks sellers to complete a simple “Expression of Interest” form, which asks sellers to indicate the expected loan amount …

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Blockchain: industrial policy can leverage blockchain technology to digitize land records to facilitate lending to MSMEs

NEW DELHI: The proposed industrial policy may suggest leveraging blockchain technology to digitize land records to allow MSMEs to easily access loans against assets or property, an official said. Using blockchain technology to digitize land records would facilitate asset-based lending to micro, small and medium-sized enterprises (MSMEs), the official said. …

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Fraudsters are trying to scam people seeking loans, warns Gardai

Fraudsters are trying to defraud people seeking loans, Gardai warned yesterday. Cheaters promise to lend money – but demand an “advance fee” up front. Needless to say, the victims don’t get their loans and the fees go into the pockets of the scammers. A Garda warning issued yesterday said: ‘We …

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Prime Minister forms body to guarantee loans to young entrepreneurs

ISLAMABAD – Prime Minister Imran Khan on Saturday formed a high-level steering committee under the leadership of the Deputy Governor of the State Bank to ensure the smooth and uninterrupted provision of loans to young entrepreneurs to make the initiative. The committee was formed by the Prime Minister during a …

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7-Eleven “ethnically selected” franchisees who were lured by cheap loans | The Armidale Express

A Sydney lawyer has alleged that 7-Eleven used a de facto policy of ethnic screening of its franchisees and, along with ANZ, lured them with “easy” loans they could not repay. Massive employee underpayment and fabrication of payroll records within 7-Eleven franchises has been exposed by Fairfax Media and the …

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It’s Loans Got Sharp-Sharp! No collateral, get loans within hours from Credit Direct Limited

There will always be emergencies. These can occur in the event of job loss, unexpected home repairs, car problems, unexpected travel expenses, medical emergencies and many more. We can always save to prepare for events, but just like the unexpected, we might not be fully prepared for those emergencies. Credit …

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Students attracted by easy loans on microcredit sites | Hyderabad News

HYDERABAD: Varun K (name changed), a third-year electrical and electronics engineering student at a reputable university in Hyderabad, quit his studies halfway just because he can’t face his friends anymore. While staying at a hostel, he took out loans worth almost Rs 80,000 on an online micro-loan site using his …

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Beware of black market loans, say Oman experts

Muscat: Experts are calling on citizens and expats to be wary of borrowing money from unofficial sources.“Many financial institutions in the Gulf are facing unpaid loan situations from expatriates and locals, as many have either lost their jobs, suffered salary arrears or received no salary due to the situation. economic,” …

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Easy lending to farmers and SMEs among top government priorities: PM

–PLRA, banks sign agreement to reduce procedural difficulties faced by farmers in accessing credit –According to the agreement, the processing time for agricultural loans will be reduced from 30 days to three days LAHORE: Prime Minister Imran Khan said on Saturday that providing loans to smallholder farmers and small and …

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Top 7 Banks Offering Easy Farmer Loans

Banks in India Agricultural loans are loans given to farmers for various purposes such as purchase of land, tools or machinery, crop insurance, farm maintenance, etc. A farmer may need financial support for many other things and keeping all these things in mind many banks in India provide them with …

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To attract new customers, camps in 400 neighborhoods for easy loans

State banks and non-bank financial corporations (NBFCs) will jointly organize loan distribution programs in 400 districts of the country over the next month for clients in retail, agriculture and MSMEs, said Finance Minister Nirmala Sitharaman on Thursday after a review meeting with heads of public sector banks. To relieve micro, …

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Splurge and easy loans take household debt to a new high

Splurge and easy loans take household debt to a new high

Emphasizing the importance of Mumbai as the commercial and economic capital of the country, he decided to seek a “special package” for the city’s infrastructure problems. (Representative image) With consumers borrowing to buy everything from cars to cellphones, Indian household debt is estimated to have reached 15.7% of GDP in …

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President Kovind welcomes Modi government’s ‘easy loans’ for small businesses to ‘unleash entrepreneurship’

India’s vibrant democracy, its enterprising and talented fellow citizens – especially young people – are energizing efforts to shape a self-sustaining India, the president said. (Image courtesy of: presidentofindia.nic.in) Credit and financing for MSMEs: The vast ecosystem of MSMEs in India found special mention in President Ram Nath Kovind’s speech …

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President Kovind hails Modi government’s ‘easy loans’ for small businesses to ‘unleash entrepreneurship’

Credit and financing for MSMEs: India’s vast ecosystem of MSMEs found special mention in President Ram Nath Kovind’s speech on Monday evening ahead of the 72nd Republic Day. Hailing the government’s efforts to promote start-up businesses, the President said the government has encouraged small and medium enterprises to unleash entrepreneurship …

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Victim of rogue pawnbrokers urges people to beware of ‘quick and easy’ loans

AN UNLICENSED COMPANY offering quick loans to people with poor credit is suspected by the gardaí and bank officials of laundering money, TheJournal.ie has learned. The company, which operates as Liteway Loans Ireland, is the latest of more than 400 similar loan companies that have attempted to operate in Ireland. …

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Katong Credit Expands Access to Easy Loans for Small and Medium Enterprises | Ask the Experts

Starting a new business in Singapore and looking for a start-up business loan? You should be aware of the importance of small business financing to maintain in the business world. Recession or global economic crisis could make the situation weird for business owners. You need to be prepared with a …

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‘Government must help industry with monetary support and easy loans’: The Tribune India

SUKHDEV RAJ, MD, Victor Forgings, Jalandhar believes that it will take a Herculean effort to keep the industry going amid the Covid-19 pandemic and it cannot be done without government assistance. The 85-year-old industrialist, who has seen the industry go through many turbulent times over the past decades, believes government …

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Covid financial crisis hits easy lending

This has been, in part, fueled by the proliferation of numerous online lending platforms. Given the quick turnaround of these platforms, combined with the limited amount of documents required, they have become a favorite, especially among students and young professionals. All of that seems to be changing since the covid-19 …

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Loans from app-based lenders can hit you hard

Everything went well when everything was fine. In a rush to get easy loans, many have overlooked the interest rates, penalties, and track record of these lenders. Many began by borrowing small amounts ( ₹500 to ₹50,000), but as their dependency grew, they ended up taking out multiple loans until …

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Easy loans to help farmers diversify: The Tribune India

Bhanu P Lohumi Tribune press service Shimla, May 17 The Rs 1.63 lakh crore package for farmers, announced by Union Finance Minister Nirmala Sitharaman, will breathe new life into Himachal’s agricultural sector with more cash, better post-harvest management and a free market access. The infra fund for farmer organizations, cooperative …

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Apply for easy loans to pay the bills during confinement: how to apply

The fast-spreading coronavirus has brought the economy to a standstill. Some people lose their jobs, while others survive on pay cuts or unpaid leave. Bill payments, EMIs or other daily necessities are on the line and there are hardly any options to finance the cash crisis. While the Reserve Bank …

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Easy loans can make life difficult

The sales professional found himself dangerously close to falling into a debt trap, not only because of poor planning, but also because it was easy to borrow from fintech companies. Agrawal is no exception. More and more millennials are taking out multiple loans, as access to loans has increased with …

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