Financing Current Affairs - 2019

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Prime Minister Narendra Modi announced a new campaign ‘Start-up India; Stand up India’

On the eve of celebration of 69th Independence Day at Red Fort Prime Minister Narendra Modi announced a new campaign ‘Start-up India; Stand up India’ an initiative to promote bank finance for Start-ups (an entrepreneurial venture). The campaign was announced with an aim to boost entrepreneurship among the youth and to create employment in India. Read More…

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Cabinet Committee on Economic Affairs (CCEA) approved Rs.1750 crore for strengthening the drug regulatory system

The Cabinet Committee on Economic Affairs (CCEA) has approved Rs.1750 crore for strengthening the drug regulatory system both at the Central and the State. The sanctioned amount will be spent for strengthening and up-gradation of the drug regulatory system over a period of three years. The total amount of Rs 1750 crore will be divided Read More…

Month:  Categories: Business, Economy & Banking

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Government approves Soft loan scheme to sugar mills to facilitate payment of cane dues of farmers

In order to infuse liquidity into the sugar industry and facilitate clearing of cane dues arrears government approved a soft loan scheme worth Rs. 6000 crore for the current sugar season. Soft loan Scheme: As per this scheme the Banks has to pass on the financial assistance directly to the listed cane growers. The scheme Read More…

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India signs Financing Agreement with World Bank for NCRMP Projects

On 11 August 2015 Government of India and the World Bank signed the Financing Agreement for the assistance of National Cyclone Risk Mitigation Project- I & II (NCRMP- I & II) for $ 104.00 Million and $ 308.40 Million respectively. The two separate financing agreements were signed for NCRMP- I & II under a common Read More…

Month:  Categories: Business, Economy & Banking

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