Govt likely to finalise capital infusion in PSBs this month
Monday, November 5, 2018, 11:30 AM
The Finance Ministry is likely to finalise the second-round of capital infusion for public sector banks towards end-of-this-month taking into account the latest quarter's performance, sources said. Last week, PM Modi launched a slew of measures, including loan sanction of upto Rs.1Cr in less-than an hour and relaxation in labour and environmental laws for MSMEs to give a boost to sector, country's second-biggest employer.
Get Rs 1 core Loan in 59 minutes, announces PM Modi
Saturday, November 3, 2018, 12:46 PM
Announcing his "Diwali gift" for small and medium enterprises, Prime Minister Narendra Modi said "I dedicate the 59-minute loan approval portal to you. All GST registered small and medium enterprises can now avail a loan of up to Rs.1 Cr in just 59 minutes," PM Modi said while addressing crowd at the launch of programme at Vigyan Bhavan in national capital.