Micro Credit Current Affairs, GK & News

Micro Credit

The Reserve Bank of India defines Micro Credit as provision of thrift, credit and other financial services and products of very small amount to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards. The institutions that provide these facilities are called Micro credit Institutions.In ..

..Read More

Highlights: Loans sanctioned under PM SVANIDHI scheme crosses 1 lakh

The micro-credit scheme of the government, PM Street Vendor’s Atmanirbhar Nidhi (PM SVANIDHI) to support the street vendors to meet their working capital requirements to tide over financial woes during the pandemic, has become quite popular in the country. Details Within 41 days of the implementation of the scheme, the number of loan sanctions and ..