In a major policy shift, the Reserve Bank of India (RBI) has eased lending norms for microfinance institutions (MFIs) and non-banking financial companies (NBFCs). This move comes in response to a slowing credit flow in these sectors, impacting small borrowers and businesses. The revised regulations aim to boost economic growth, enhance financial inclusion, and strengthen … Read more
By Guruji Sunil Chaudhary, Leading Digital Success Coach In the ever-evolving landscape of financial inclusion, the Pradhan Mantri Jan Dhan Yojana (PMJDY) stands out as a landmark initiative aimed at empowering the unbanked and underbanked sections of society. Launched on August 28, 2014, by Prime Minister Narendra Modi, this scheme has not only transformed the … Read more
Launched on April 24, 2020, by Prime Minister Narendra Modi, the Svamitva Yojana (Survey of Villages and Mapping with Improvised Technology in Village Areas) is a revolutionary scheme aimed at empowering rural citizens by providing them with an official document of property ownership. This initiative aims to create accurate land records for rural planning and … Read more
The Mahila Samman Savings Certificate (MSSC) is a financial instrument introduced by the Government of India to empower women financially and promote their savings. This certificate is aimed at providing women with a safe and secure investment option that also offers attractive returns. Key Features of MSSC The Mahila Samriddhi Savings Certificate (MSSC) is tailored … Read more
Launched by the Government of India on April 5, 2016, the Stand Up India Yojana is an initiative aimed at promoting entrepreneurship among women and Scheduled Castes (SC) and Scheduled Tribes (ST) communities. This scheme is designed to support new enterprises with the objective of fostering job creation and economic empowerment. By providing financial assistance … Read more
Welcome, readers, to our latest blog post where we delve into one of India’s flagship insurance schemes – the Pradhan Mantri Suraksha Bima Yojana (PMSBY). In a country where financial security remains a concern for many, this government-backed initiative aims to provide affordable and accessible insurance coverage to all. Understanding PMSBY: The Pradhan Mantri Suraksha … Read more
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the Government of India with the aim to facilitate micro credit/loans up to Rs. 10 lakhs. This scheme is specifically designed to support income-generating micro enterprises engaged in the non-farm sector, which includes manufacturing, trading, and service sectors. Activities allied to agriculture such as … Read more
