Tuesday, June 22, 2021

Tag: Loan

India will borrow Rs 3,500 crore from Japan to meet Covid-19 crisis

The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 50 billion (approx. Rs. 3,500 crore) for the COVID-19 Crisis Emergency Response Support. The Notes were exchanged between C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Government of India, and Suzuki Satoshi, Ambassador, Embassy of Japa...

In the Corona era, don’t take out a loan for money problems in y...

During this period of the Corona period, 90 per cent of the people working in the job are facing money problem. Private companies have laid off employees or reduced salaries. This option of loan can be chosen. The interest rate on a loan against property is much lower than a personal loan. The reason behind this is that the property is held hostage...

Agriculture relief: Repayment of outstanding loan will resume after Au...

The Union Cabinet has given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks. Which have become due or shall become due between 1st March, 2020 and 31st August, 2020 with continued benefit of 2% Interest Subvention (IS) to Banks and 3% Promp...

1340 crore loan given by ADB for road development in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra. The signatories to the Maharashtra State Road Improvement Project were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department o...

Home loan with 7% interest became the cheapest in 15 years, make the d...

Interest rates on home loans have reached a 15-year low after the RBI cut the repo rate on Friday. The EMI moratorium has also been extended for the next three months. Home loan borrowers have found great relief in fulfilling their dream of owning a home. The central bank's repo rate has been reduced by 0.40%, bringing the home loan interest rat...