In a major boost for small businesses, the Delhi government has announced collateral-free loans of up to ₹10 crore for city-based entrepreneurs. This initiative aims to support micro, small, and medium enterprises (MSMEs), including manufacturing, services, and retail sectors. Chief Minister Rekha Gupta, along with Industries Minister Manjinder Singh Sirsa, signed an MoU with the … Read more
If you’ve been thinking of starting your own business, the Rajasthan government has launched a great opportunity. The Chief Minister’s Youth Self-Employment Scheme (MYSY) aims to empower young people to become self-reliant. Applications for the scheme are now open, just 10 days after its launch on January 12. Youth can apply online using their SSO … Read more
The Uttar Pradesh government has launched a special initiative to support young entrepreneurs called the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) scheme. Union Home Minister Amit Shah recently highlighted this scheme during Uttar Pradesh Day celebrations, explaining how it empowers youth to start their own businesses. Under this scheme, 100,000 youth every year can get … Read more
UPI, India’s most popular digital payment system, is set to become even more powerful. A new change being discussed between NPCI and banks could allow UPI credit lines to offer an interest-free period, just like credit cards. This move can make small, short-term loans easier and more affordable for everyday users. How the New UPI … Read more
If you’ve been dreaming of starting your own small business but couldn’t because of financial problems, the government is here to help. The PM SVANidhi Yojana, launched by the Modi government during the COVID-19 pandemic, provides financial support to street vendors and small entrepreneurs. Under this scheme, you can get loans up to ₹90,000 to … Read more
Buying a home in cities like Delhi or Mumbai often requires a home loan. Thanks to the Reserve Bank of India (RBI) cutting the repo rate by 1.25% last year, interest rates on home loans have dropped significantly. Government banks now offer home loans at rates as low as 7.10%, making it easier for first-time … Read more
Freelancing, consulting, designing, and content creation are no longer just side hustles—they’re full-time careers for many. But a common question arises: how can freelancers get a personal loan without a traditional salary slip? The good news is that banks and NBFCs now look at your overall financial health, not just your employment status, making loans … Read more
To promote self-employment among young people, the Uttar Pradesh government has launched the Mukhyamantri Yuva Udyami Yojana (MYUVA Scheme). Under this scheme, eligible youth can get financial support of up to ₹5 lakh to start a small business. The biggest relief is that the loan comes with zero interest. There is also no requirement for … Read more
If you are waiting for your EMI to reduce after the recent RBI repo rate cut, this news is important. On Tuesday, Reserve Bank Governor Sanjay Malhotra instructed banks, saying, “Immediately pass on the full benefit of the repo rate reductions to customers!” Many banks, however, have not yet passed on the benefits of the … Read more
Following the Reserve Bank of India’s (RBI) 0.25% cut in the repo rate, Indian Bank has reduced its repo-linked prime lending rate (RBLR) from 8.2% to 7.95%. The bank announced that these new rates are effective from December 6. This 0.25% reduction in RBLR will make loans cheaper for customers, especially those taking home loans, … Read more
The Central Government and the Reserve Bank of India (RBI) have announced a big change: first-time loan applicants will no longer need a minimum CIBIL score. Banks cannot reject a loan request just because the person has no credit history. This decision will help millions of people who want a loan for the first time … Read more