The Government does not allocate funds under the Stand Up India Scheme as loans under this Scheme are extended by lending institutions as per their Board approved policy and extant guidelines. This was stated by Union Minister of Stat for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today. However, the Minister stated, ...

As on 29.10.2021, 21.52 crore loans have been extended to women borrowers by Member Lending Institutions (MLIs) under the Pradhan Mantri Mudra Yojana (PMMY) since inception of the Scheme. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajya Sabha today. The Minister further stated that this ...

The Government of India and the Asian Development Bank (ADB) yesterday signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas. Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, ...

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.90/2021-Customs(N.T.), dated 3rd November, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of ...

The release of quick estimates of Index of Industrial Production (IIP) for the month of September, 2021 shows a sustained increase in industrial production. The IIP, in FY 2021-22, has grown from an average of 121.3 in Q1 to 130.2 in Q2. The IIP in Q2 would have been still higher but for heavy monsoons disrupting mining activity, especially coal and consequently electricity generation, ...

The Department of Expenditure, Ministry of Finance has released an amount of Rs.8,453.92 crore as health sector grant for rural and urban local bodies of 19 States.  The grants have been released as per the recommendations of the Fifteenth Finance Commission.  State-wise amount of grant released is enclosed. The Fifteenth Finance Commission (FC-XV) in its Report for the period from ...

Seven States namely, Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana have achieved the target set by the Ministry of Finance for the capital expenditure upto 2nd Quarter of 2021-22. As an incentive, these States have been granted permission by the Department of Expenditure on Friday to borrow an additional amount of Rs.16,691 crore. The additional open market borrowing permission ...

   As part of Government’s continuing commitment to public safety, the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman recently reviewed the progress made by the Indian Customs in the safe disposal of imports, that are hazardous in nature and which remain uncleared or have been seized or confiscated. The disposal of all types of uncleared or unclaimed ...

The Department of Expenditure, Ministry of Finance today released an amount of Rs. 2427 crore to 11 States for the Urban Local Bodies.  The amount released is the 1st instalment of tied grants for the year 2021-22.  These grants have been provided for the Non-Million Plus cities (NMPCs) including Cantonment Boards. The 15th Finance Commission in its report for the period from 2021-22 to 2025-26 has divided the ...

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman has said that the JAM (Jan Dhan ­- Aadhaar – Mobile) Trinity has been a game changer for India, enabling us to take forward financial inclusion in a futuristic format. “ By bringing the financially excluded, by saving pilferage and disbursing government benefits to genuine beneficiaries, by providing SMS ...