December News Letter

Asian Development Bank lends Rs 295 crore to Northern Arc Capital

The rupee-denominated loan has been disbursed as part of ADB’s ongoing COVID-19 response, it said Monday. Northern Arc Capital will use it to extend loans proceeds and provide guarantees to financial institutions and individual borrowers Read More


Banks Sanction Rs 2.05 Lakh Cr to 81 Lakh MSMEs

The Finance Ministry on 11,Dec’20 said banks have sanctioned loans worth Rs 2,05,563 crore to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions caused due to the coronavirus pandemic Read More


3.5 lakh MSME units in Uttar Pradesh get Rs 10,000 crore at loan mela

Uttar Pradesh Government on 3 Dec’20  disbursed loan to the tune of Rs 10390 crore to 354825 MSME units and tools kits to 5000 trained under the one distinct one product schemes during a special online loan mela organized. Read More

Dec 04.2020

Uttar Pradesh Govt Committed to Provide assistance to MSME For Development

On 3 Dec,2020 Uttar Pradesh Goverment committed to providing all necessary assistance for development of (MSME) and traditional craftsmen as they form the base for realising the dream of a self-reliant India, an official release said here.There should be no scarcity of capital for youths who want to start a new venture, and loans are being provided to entrepreneurs as per their requirements, the chief minister said. Read More

Dec,03 2020

Yes Bank Plans To Disburse 10000 Cr Retail MSME Loans in December Quarter.

YES Bank plans to disburse ₹10,000 crore of loans to retail and micro, small and medium enterprises by the end of third quarter  and is looking to double its assets and liabilities in the segments by 2023. Read More    

Dec,01 2020


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