Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI
The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR). Source link
MSME Registrations Surge From 1.65 Crore To 5 Crore In A Year, Bridging Formalisation and Credit Gaps | Economy News
New Delhi: The number of registered micro, small and medium enterprises (MSMEs) increased from 1.65 crore to 5 crore in the last one year, the government informed on Tuesday, thus bridging a large gap in the formalisation of MSMEs. According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to […]
SBI Unveils MSME Sahaj Digital Financing: Avail Loan Up To Rs 1 Lakh Within 15 Minutes | Personal Finance News
New Delhi: Country’s largest lender State Bank of India (SBI), has announced the launch of MSME Sahaj –a Web Based Digital Business Loans Solution for MSMEs’ Invoice Financing. SBI said that it is developed as a data-driven invoice financing credit assessment engine which will provide complete solution from applying the loan, documentation and disbursement of […]
SBI Unveils SME Digital Business Loans; No Financial Statements Required For Loan Upto Rs 50 Lakh | Personal Finance News
New Delhi: India’s largest public sector lender State Bank of India (SBI) on Tuesday launched ‘SME Digital Business Loans’. SME Digital Business Loans leverages cutting-edge technology and a robust ecosystem of APIs to streamline the lending process, said SBI. Utilizing authentic data footprints from sources such as ITR, GST returns, and bank statements, the Bank […]
World MSME Day 2024: 5 Flagship Schemes Introduced By Indian Government For MSME Sector In The Country | Economy News
New Delhi: The UN General Assembly has declared June 27th as the International Day for micro, small, and medium-sized enterprises (MSME). The Day is observed to celebrate the role of MSMEs in driving economic growth and generating jobs. Acknowledging the role of the MSMEs in the nation’s progress, the Indian government has introduced several significant […]