Latest Updates Around The World
The top 15-20 NBFC-MFIs account for about 85 percent of the portfolio of NBFC-MFIs | Photo credit: Getty Images With just 20 days to go for the Union Budget, small and medium NBFC-MFIs (non-banking finance companies – microfinance institutions) are hoping that a credit guarantee scheme – mooted by industry bodies last year to encourage […]
NEW DELHI: The commerce department on Friday unveiled a new interest subvention mechanism aimed at MSMEs, along with a corpus to guarantee loans to small businesses that export. The interest subvention scheme, which has an allocation of nearly Rs 5,181 crore spread over six years from the current fiscal, will offer a subsidy of 2.75% […]
