New Delhi, April 8 (IANS) The Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of the Modi government, has marked 11 years of operation, aimed at funding the ‘unfunded’ micro enterprises, small businesses and setting the path for their growth.Since its inception on this day in 2015, the programme has been instrumental in powering the business dynamics of small businesses and first-time entrepreneurs, in particular.According to government estimates, around 58 crore loans worth more …
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Amaravati, March 11 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday proposed the setting up of the Indian School of Agriculture on the lines of the Indian School of Business (ISB) to deal with all the issues related to the agricultural sector.The Chief Minister mooted the idea during his address to the two-day Collectors’ conference, which began here on Wednesday.He proposed setting up the Indian School of Agriculture as a deemed university to deal with all the issues of…
New Delhi, Jan 13 (IANS) Inclusive finance has to be embedded in a broader ecosystem of health-care insurance and social security to protect lenders as well as borrowers, Chief Economic Advisor V. Anantha Nageswaran said on Tuesday.In his address at the Global Inclusive Finance Summit, Nageswaran said one of the main reasons why people default on the repayment of loans was unexpected events such as health-related shocks.”Even well-designed credit cannot do everything on its own. When illness str…