Starting a business often requires money, and many people struggle because they don’t have property or other assets to offer as collateral. To help entrepreneurs and businesses, the Central Government is providing loan guarantees under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Under this scheme, the government acts as a guarantor, making it easier … Read more
Millions of bank customers may soon get extra protection for their savings. The central government is reportedly considering increasing the bank deposit insurance limit from the current ₹5 lakh to ₹7.5 lakh. According to reports, the Finance Ministry has already sent a proposal to the Prime Minister’s Office (PMO), and a final decision could be … Read more
Railway employees associated with the cooperative bank have received a major benefit. Around 44,000 railway employees who are members of the bank can now get loans of up to Rs 20 lakh. The announcement was made by Rajesh Kumar Singh, Chairman of the NE & EC Railway Employees Multi State Primary Cooperative Bank, during a … Read more
Buying a home may now become easier for many people across India. Several major banks have reduced their home loan interest rates after the Reserve Bank of India (RBI) lowered the repo rate. This move is expected to give relief to both new home buyers and existing loan customers. Lower interest rates can reduce monthly … Read more
Reserve Bank of India (RBI) has proposed new draft rules to make loan recovery clearer and more effective for banks and NBFCs. The focus is on how lenders can handle properties taken from borrowers who fail to repay loans. What’s Changing in Debt Recovery Rules Under the new draft, banks and NBFCs can take possession … Read more
Since taking office, Narendra Modi has focused strongly on boosting small businesses in India. One of the biggest steps in this direction is the Pradhan Mantri Mudra Yojana — a scheme designed to help small entrepreneurs get easy loans without collateral. What Is Mudra Yojana and Why It Matters Many small business owners struggle to … Read more
Starting a business in Uttar Pradesh is about to get easier for young entrepreneurs. Easier Loans Under CM Yuva Udyami Yojana The state government is simplifying the loan process under the CM Yuva Udyami Yojana to help more youth start their own businesses. A key step in this plan is the introduction of Certified Credit … Read more
The Reserve Bank of India (RBI) has introduced new rules from 2026 to make personal finance easier and more transparent. These changes affect loan borrowers, jewellers, and bank account holders, offering greater flexibility and convenience. From faster credit score updates to zero prepayment charges, these reforms are designed to benefit everyone. More Security With Multiple … Read more
Punjab National Bank has introduced a new digital loan scheme called PNB Griha Vatika. The initiative aims to encourage people to grow vegetables at home and adopt a more sustainable lifestyle. Through this scheme, the bank wants to help households create small kitchen gardens in spaces like rooftops, balconies, terraces, and courtyards. The idea is … Read more
If your monthly home loan EMIs are putting a strain on your budget, don’t worry. Many people think that once a loan is approved, EMIs stay fixed forever. The good news is banks offer several ways to ease the pressure—you just need to act at the right time. Review Your Interest Rate Interest rates change … Read more
Axis Bank, one of India’s largest private sector banks, has announced that it has become the preferred financier for Tesla. Under this partnership, the bank will offer specially designed financing solutions to Tesla customers, making the vehicle purchase experience smoother and more convenient. This collaboration highlights Axis Bank’s commitment to promoting electric mobility in India. … Read more