Msme Financing News - Latest Updates & Headlines
PMMY helping aspiring entrepreneurs in Varanasi in getting loans to start their businesses
Varanasi, April 7: The Pradhan Mantri Mudra Yojana (PMMY) is set to celebrate its tenth anniversary on April 8, having transformed the lives of countless individuals across the country, including many in Prime Minister Narendra Modi's parliamentary constituency, Varanasi. The scheme has been a beacon of hope for aspiring entrepreneurs, especially the youth, by providing easy access to credit for small businesses.
Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in last 6 years: FM Sitharaman
New Delhi, March 11: The overall credit disbursement by banks to priority sectors including agriculture, MSME and social infrastructure in 2019 was Rs 23,01,567 crore, which rose to Rs 42,73,161 crore in 2024, recording an increase of 85 per cent over the six-year period, Finance Minister Nirmala Sitharaman informed the Lok Sabha on Tuesday.
SIDBI, Federal Bank join hands to boost MSME financing
Mumbai, March 6: The Small Industries Development Bank of India (SIDBI) and The Federal Bank Limited (FBL) on Thursday announced that they have signed a Memorandum of Understanding (MoU) to provide financial support to micro, small, and medium enterprises (MSMEs).
FM Sitharaman launches new credit assessment model for MSMEs
Vishakhapatnam, March 6: Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary on Thursday launched the New Credit Assessment Model based on the scoring of digital footprints of MSMEs.
SIDBI signs MoU with Tata Capital Limited to strengthen financing avenues for MSMEs
New Delhi, February 25: Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) signed an MoU for "Partnership for financing MSMEs," a release said on Tuesday.