Micro finance Institutions (MFIs) Current Affairs, GK & News

MUDRA Loan target reduced to Rs 3 trillion in 2021-22

Central government has set loans disbursement target under PM Mudra Yojana (PMMY) at Rs 3 trillion for financial year 2021-2022. Key Points In the financial year 2020-2021, loan disbursement target was Rs 3.21 trillion. Experts attribute lower target to increased allocation under credit guarantee scheme for small businesses. Out of Rs 3.21 trillion loans sanctioned ..

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HDFC ERGO launches Business Kisht Suraksha cover

HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cover. It is a unique cover which was launched with the aim of protecting the balance sheet of Micro finance Institutions (MFIs), financial institutions and banks if any catastrophe or natural disaster occurs. Business Kisht Suraksha This was launched with the aim of limiting the ..

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