The meeting focused on business performance, upgrading digital technology services, and fostering business growth in activities allied to agriculture and micro and small industry.
Union Finance Minister Nirmala Sitharaman sought enhanced support from international financial institutions to achieve Sustainable Development Goals (SDGs).
As announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget, the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs 10 lakh to Rs 20 lakh.
Union Finance Minister Nirmala Sitharaman stressed upon a balanced approach between development priorities and climate action during her address at the G20 meet.
Union Minister Sitharaman said that no country, whether the US which is far away or China which is very close cannot ignore India.
She was addressing an event organized by Small Industries Development Bank of India (SIDBI) at Sukher Industrial Area in Udaipur.
In her recent budget statement, Finance Minister Nirmala Sitharaman lauded the Insolvency and Bankruptcy Code, 2016 (IBC), celebrating it as a new-age miracle. With over 1,000 companies resolved and a whopping Rs. 3.3 trillion recovered, it seems the IBC is finally hitting its stride – or at least that is the optimistic narrative.
Finance Minister Nirmala Sitharaman, at a meeting held here on Monday, told the chiefs of Regional Rural Banks (RRBs) to adopt a policy of active outreach in MSME clusters to ensure credit is extended to small and micro enterprises.
With an aim to evaluate key financial metrics, Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).
She said that taxpayers could save up to Rs 17,500 with the revised tax structure.
