121 Finance, a leading NBFC-factor, has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM). NBFC-factor is a specialised non-deposit-taking financial institution that improves business liquidity by purchasing outstanding invoices The company has disbursed over 2,600 loans to more than 400Continue Reading
Government on Monday said that over 2.63 lakh applications for loan of ₹1.71 lakh crore have been received under latest version of Emergency Credit Line Guarantee scheme (ECLGS 5.0) The data are up to May 29. In the Interministerial briefing on West Asia, Manoj Ayyappan, Joint Secretary in the FinancialContinue Reading
Banks have sanctioned ₹35,000 crore loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs and industries impacted by the West Asia conflict. The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of ₹2.55 lakh crore, including ₹5,000 crore for airlines hitContinue Reading
The finance ministry has called a meeting of heads of public sector banks (PSBs) on Friday to review financial performance, progress of credit flow to the agriculture sector and MSMEs amid the West Asia crisis. The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju, a dayContinue Reading
N. Chandrababu Naidu has unveiled an ambitious MSME-focused growth strategy for Andhra Pradesh, stating that the state has attracted investments worth nearly ₹23 lakh crore over the past 23 months with the potential to generate around 24 lakh jobs. The announcement reflects the government’s broader push to position Andhra PradeshContinue Reading
MSME Ministry Accelerates PM Vishwakarma Roll-Out in…Continue Reading
Andhra Pradesh Chief Minister N Chandrababu Naidu | Photo Credit: bl-online Administrator Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said MSMEs will drive the state’s economic transformation and announced plans to establish industrial parks in all constituencies. The CM also set a target of creating 100 unicorns inContinue Reading
