Washington, July 2 (IANS) As the United States prepares to celebrate the 250th anniversary of its independence this week, American small business owners urged the Congress to provide greater policy certainty, easier access to capital and a stronger workforce, saying those factors will determine whether the next generation can achieve the American dream.Business owners from manufacturing, hospitality, consumer products and communications industries delivered that message during a House Small Busi…
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Chikkaballapur (Karnataka), April 8 (IANS) The Central Government’s flagship Pradhan Mantri Mudra Yojana (PMMY) continues to transform the lives of small entrepreneurs across the country, with another success story emerging from Karnataka’s Chikkaballapur district.Beer Bahadur Dhami, a resident of Ward No. 30 in Chamarajpet, has successfully established and expanded his restaurant business with financial assistance received under the scheme. Availing a collateral-free loan of Rs 1.95 lakh fr…
Damoh (Madhya Pradesh), March 29 (IANS) The PM Vishwakarma Yojana, a flagship Central government scheme launched by Prime Minister Narendra Modi, is steadily changing lives across rural India, enabling traditional workers to become ‘self-reliant’ entrepreneurs. In Madhya Pradesh’s Damoh district, the central welfare scheme has enabled Mihervan Singh Rajput to rise from a daily wage labourer to becoming a small business owner, while also creating employment for another person.A resident of Dhanga…
New Delhi, Dec 26 (IANS) Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday.The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises.Among businesses with credit exposure up to Rs 5 crore, the report found that formalisation was advancing with 23.3 per cent of borrow…