Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/FrontendCatController.php, line: 30
You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
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<p style="text-align:justify"><em>Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.</em></p>
<p style="text-align:justify">After being nudged by municipalities to step up loan disbursements under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) programme, banks are writing back to report that many of these collateral-free loans are turning into non-performing assets (NPAs). Some banks are asking local authorities — who pushed for these loans — to help recover them.</p>
<p style="text-align:justify">Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.</p>
<p style="text-align:justify">On timely or early repayment of the loan, an interest subsidy at 7% per annum is credited to the bank accounts of beneficiaries through Direct Benefit Transfer on a six-monthly basis.</p>
<p style="text-align:justify">Despite this interest subvention – making this an effectively interest-free loan — many accounts have turned NPAs.</p>
<p style="text-align:justify">Please <a href="https://indianexpress.com/article/business/economy/banks-red-flag-loans-to-street-vendors-in-pandemic-turning-npas-7155136/">click here</a> to read more.</p>
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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LATEST NEWS UPDATES | Banks red-flag: Loans to street vendors in pandemic turning NPAs -Sandeep Singh and Sunny Verma </title>
<meta name="description" content="-The Indian Express
Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
After being nudged by municipalities..."/>
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<meta property="og:description" content="-The Indian Express
Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
After being nudged by municipalities..." />
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Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
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<br><small>January 21, 2021</small>
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Says no action will be taken now
Bengaluru: The Karnataka government on Wednesday gave an undertaking to the High Court that no coercive action will be initiated for transporting cattle in breach of Karnataka Prevention of Slaughter and Preservation of Cattle Ordinance, 2020 till the...</p>
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The work women perform for the family should be valued equally with men’s work during the continuance of marriage
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<p style="padding-top: 6px;">-The Indian Express
As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum.
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<br><small>January 20, 2021</small>
<p style="padding-top: 6px;">-The Hindu
State intimidation of protesting groups cannot serve as a substitute for political dialogue
The NIA’s decision to summon people associated with the ongoing farmers agitation as ‘witnesses’ in a sedition case is definitely out of the ordinary, even if not entirely surprising. Punjabi actor Deep...</p>
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LATEST NEWS UPDATES | Banks red-flag: Loans to street vendors in pandemic turning NPAs -Sandeep Singh and Sunny Verma </title>
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Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
After being nudged by municipalities..." />
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Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
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<br><small>January 21, 2021</small>
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Says no action will be taken now
Bengaluru: The Karnataka government on Wednesday gave an undertaking to the High Court that no coercive action will be initiated for transporting cattle in breach of Karnataka Prevention of Slaughter and Preservation of Cattle Ordinance, 2020 till the...</p>
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The work women perform for the family should be valued equally with men’s work during the continuance of marriage
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<p style="padding-top: 6px;">-The Indian Express
As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum.
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<br><small>January 20, 2021</small>
<p style="padding-top: 6px;">-The Hindu
State intimidation of protesting groups cannot serve as a substitute for political dialogue
The NIA’s decision to summon people associated with the ongoing farmers agitation as ‘witnesses’ in a sedition case is definitely out of the ordinary, even if not entirely surprising. Punjabi actor Deep...</p>
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<br><small>January 21, 2021</small>
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Bengaluru: The Karnataka government on Wednesday gave an undertaking to the High Court that no coercive action will be initiated for transporting cattle in breach of Karnataka Prevention of Slaughter and Preservation of Cattle Ordinance, 2020 till the...</p>
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As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum.
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<br><small>January 20, 2021</small>
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State intimidation of protesting groups cannot serve as a substitute for political dialogue
The NIA’s decision to summon people associated with the ongoing farmers agitation as ‘witnesses’ in a sedition case is definitely out of the ordinary, even if not entirely surprising. Punjabi actor Deep...</p>
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LATEST NEWS UPDATES | Banks red-flag: Loans to street vendors in pandemic turning NPAs -Sandeep Singh and Sunny Verma
-The Indian Express
Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.
After being nudged by municipalities to step up loan disbursements...
-The Hindu
Says no action will be taken now
Bengaluru: The Karnataka government on Wednesday gave an undertaking to the High Court that no coercive action will be initiated for transporting cattle in breach of Karnataka Prevention of Slaughter and Preservation of Cattle Ordinance, 2020 till the...
-The Hindu
The work women perform for the family should be valued equally with men’s work during the continuance of marriage
“The wife owes service and labor to her husband as much and as absolutely as the slave does to his master. This grates harshly upon the...
-The Indian Express
As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum.
The...
-The Hindu
State intimidation of protesting groups cannot serve as a substitute for political dialogue
The NIA’s decision to summon people associated with the ongoing farmers agitation as ‘witnesses’ in a sedition case is definitely out of the ordinary, even if not entirely surprising. Punjabi actor Deep...
