Mumbai, June 29 (IANS) Co-operation Minister, Babasaheb Patil, said in the Legislative Assembly on Monday that the government has taken a serious note of the rising instances of illegal moneylending across Maharashtra over the past few years and has initiated preparations to amend the existing laws.Since 2022, loans disbursed by moneylenders in the state have seen a surge of Rs 400 crore. The formal banking sector has made disbursement of Rs 12,415 crore during the same period.The discussion was…
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New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.AI models, leveraging consent‑based data sharing and advanced analytics, can strengthen credit assessment and risk management, …
Mumbai, March 24 (IANS) Maharashtra Minister of Cooperation Babasaheb Patil on Tuesday announced in the State Council that the government will soon release a comprehensive new cooperation policy to further push for the development of the sector. He claimed that the cooperative sector is a model for social and economic transformation. He was responding to a short-duration discussion initiated by member Pravin Darekar under Rule 97.He told the House that a 15-member committee has been es…