Tag: Disbursements

The Department for Promotion of Industry & Internal Trade (DPIIT) may alter India's Production-Linked Incentive (PLI) scheme if it doesn't lift. The scheme aims to boost investment and local manufacturing in 14 sectors and was expanded this year. An analysis shows low adoption in some sectors, including high-efficiency solar PV modules, ACC batteries, textile products and speciality steel. Meanwhile, electronics and mobile manufacturing are booming and have helped generate 3.25 lakh jobs and INR2.6tn in exports. The government hopes the scheme will attract further investment, including from Apple.

Microfinance Institutions (MFIs) have outpaced banks in providing small loans to borrowers for the first time in four years. MFIs' share in the total outstanding microfinance loans has reached 39.7%, with a loan outstanding of Rs 1.38 lakh crore, compared to banks' 34.2% share. Regulatory changes and increased demand for credit after COVID-19 have helped microlenders gain ground, with NBFC-MFIs expected to experience healthy loan growth in the coming years.

Paytm achieves major milestone with 7.9 million payment devices and $54 billion gross merchandise value. Leading Indian payments company.

Social Security to distribute $4,873 payments to retirees on Jan 10. Uncertain future of program highlights need for action.