Under the Prime Minister's Employment Generation Programme (PMEGP), the government asked banks to disburse loans so as to meet its target of financing 59,714 projects in the current fiscal year. The margin money assistance is Rs 836 crore and this should help in generation of employment for 5.97 lakh persons. Since the PMEGP launch in 2008, one lakh projects have been ...

read more

Exim Bank today stated that it is raising USD 100 million from the Asian Development Bank (ADB) to provide funds to eligible SMEs. The USD 100 million will be help Exim to focus on cluster development  for small and medium enterprises in states like Assam, Madhya Pradesh, Orissa, Uttar Pradesh, Chhattisgarh, Jharkhand, Rajasthan and Uttarakhand," a senior exim ...

read more