The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Yojana has been implemented effectively in Uttar Pradesh since its national launch in June 2020. Coordinated by the Urban Development Department and executed through Urban Local Bodies (ULBs), banks, and financial institutions, the scheme provides collateral-free working capital loans to street vendors affected by the COVID-19…
The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…
Coimbatore: The Coimbatore District Small Industries Association (CODISSIA) has written to Prime Minister Narendra Modi seeking urgent policy measures to ease steel shortages and price spikes that, it said, are straining MSME operations and threatening output in one of India’s largest engineering clusters.In its letter, the association said India’s annual steel requirement is about 160…
