Online platform will also use analytics to provide lenders with more information about micro borrowers
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Tag: Mudra loans
Rise in NPAs worries MSMEs in West Bengal: SBI
Country’s leading lender State Bank of India (SBI) on August 10, said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system for these units. “It is worrisome that the level of NPAs in the MSME sector has touched 16…
2 years of Mudra: Gains for SMBs, but new businesses struggle amid fears of NPAs
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
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Demonetisation Effect | Canara Bank sees better recovery of MSME loans
Bengaluru: Canara Bank expects a windfall in MSME (micro, small and medium enterprises) and SME (small and medium enterprises) recoveries post demonetisation. “There is a good chance of recoveries during this period in Non-Performing Assets (NPAs) and we are coming out with various one-time settl…
Government says Mudra loans not under high bad debts
The government has sought to allay fears that loans extended under the Mudra scheme, particularly those given through Micro Finance Institutions (MFIs), would add to bad debts in the lending system. There were apprehensions that these unsecured loans carried high risks. Mudra loans are given to t…
Despite high target, Mudra refinance to remain low
Even as the government has set a lofty target of Rs 180,000 crore of loan sanctions under its Mudra Yojana, the actual refinance by Mudra, Non-Banking Finance (NBFC) arm of Small Industries Development Bank of India (SIDBI), will be not more than Rs 4,000 crore this year. In the 2015-16 budget,…