Karnataka govt. is going to launch a new loan scheme to encourage entrepreneurship among the members of self-help groups (SHGs). This new scheme of the state govt. will provide loans upto Rs. 10 lakhs to SHGs to boost entrepreneurial activities among the members of these SHGs. This scheme is in accordance with the long pending […]
Punjab govt. is going to launch Aajeevika Grameen Express Yojana (AGEY) on 2 October 2018 to provide interest-free loans for the purchase of vehicles. Now members of self help groups (SHGs) can avail loans to purchase vehicles not costing more than Rs. 6 lakh. AGEY scheme is a part of the Deendayal Antyodaya Yojana – […]
Union Finance Minister has launched a facility for MSME credit space to apply online for MSME business loans in 59 minutes at psbloansin59minutes.com. This common online web portal will enable in-principle approval for MSME loans upto Rs. 1 crore in just 59 minutes from SIDBI (small industries development bank) and 5 other public sector banks […]
Karnataka govt. has decided to introduce a new Badavara Bandhu One Day Loan Scheme for Street Vendors / Small Time Traders / Footpath Hawkers. Under this Badavara Bandhu Scheme, all the people of urban poor segment (रेहड़ी पटरी वाले) will now get loans most likely upto 1000 for a single day without interest or nominal […]
Kerala govt. is planning to provide Interest Free Loans for Refurnishing Flood Hit Houses. After massive devastation due to floods in Kerala, govt. is focusing on rehabilitation of people. CM Pinarayi Vijayan has informed that these loans which can go upto Rs. 1 lakh will be provided on an Interest free basis to female head […]
Bihar Govt. has launched Mukhyamantri Anusuchit Jati Evam Anusuchit Janjati Udyami Yojana (Chief Minister Scheduled Caste and Scheduled Tribes Entrepreneur Scheme) on 5th August 2018. Under this Mukhyamantri SC /ST Udyami Yojana, govt. will provide Interest Free loans to all the entrepreneurs from scheduled case and scheduled tribes category. The state govt. will provide financial […]
Himachal Pradesh Govt. is going to launch a new scheme named “Yuva Aajeevika Yojana” for Self Employment. Under this scheme, govt. will provide an interest subsidy of 5% on Loans upto Rs. 30 Lakh to unemployed youths. This scheme will focus on job creation and will provide employment opportunities to berojgar youths. All the jobless […]
Tripura govt. has announced to launch Chief Minister’s B.Ed Anuprerana Yojana 2018. Under this scheme, the state govt. will provide interest subsidy on bank loans to B.Ed trainee teachers. This scheme will encourage students to pursue B.Ed Training Course to become eligible for teaching jobs. In this scheme, around 5000 candidates will be sponsored. However, […]
Kerala govt. has launched Muttathe Mulla Loan Scheme. Under this scheme, the state govt. will provide loans at lower interest rate to rural families especially women. Now, women will not have have to take loans from private dealers and micro-finance companies whose interest rate varies between 24% to 30% per annum (2% to 2.5% per […]
Reserve Bank of India (RBI) will implement Interest Subvention Scheme 2018-19 for Short Term Crop Loans. Under this scheme, farmers can avail loans upto 3 lakhs at subsidized interest rate of 7% which could go down to 4% on prompt repayment. Govt. will implement this Interest Subsidy Scheme through Direct Benefit Transfer (DBT). Central government […]