ECLGS 5.0 Achieves Major Milestone, Guarantee Issuance Crosses 1 Lakh Mark
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The mandate of the Department of Financial Services covers the functioning of Banks, Financial Institutions, Insurance Companies and the National Pension System
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💠 India and Nepal Launch Cross-Border Remittance Mechanism to Strengthen Bilateral Financial Connectivity 💠 Seamless, secure and instant P2P transfers enabled through direct linkage of India’s #UPI and Nepal’s National Payments Interface 💠 The initiative strengthens - DFS reposted
NIPL and NCHL are pleased to announce the launch of payment linkage between Unified Payments Interface and National Payments Interface for enabling seamless person-to-person payments, fostering stronger economic ties between India and Nepal. To Know more: bit.ly/india-nepal-li…
Expanding Agricultural Credit Across India! Agricultural credit has witnessed unprecedented growth, rising from Rs 7.3 lakh crore in 2013-14 to Rs 28.67 lakh crore in 2024-25. This nearly threefold increase is ensuring easier access to finance and strengthening India’s rural
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More credit, more opportunities for our farmers. The Kisan Credit Card's loan limit has been been raised from ₹3 lakh to ₹5 lakh, while over ₹10 lakh crore has been disbursed for the same, expanding access to affordable credit for crores of farmers. #12YearsOfKisanSamriddhi
- #ECLGS 5.0 crosses the 1 Lakh guarantee mark in just over a month! Robust outreach + wide institutional participation With *1.06 Lakh+* loans worth *₹ 48,484 Cr+* guaranteed, the scheme is delivering vital support to businesses amid global challenges. 96% of loans guaranteed
- DFS reposted➡️ Emergency Credit Line Guarantee Scheme (#ECLGS) 5.0 achieves a major milestone, Guarantee issuance crosses 1 Lakh Mark, with total amount of guarantees more than ₹48,000 Crore ➡️ 96% of the guarantees issued by number and 86% of the total guaranteed amount belong to the
- As PM @narendramodi becomes India's longest-serving elected Prime Minister, the milestone is also a reminder of how sustained leadership and consistent execution can translate into change on the ground. #longestServingElectedPmmodi
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#12YearsOfSeva | The dream of a developed India with clear policies and strong resolve comes true! With #MUDRA loans exceeding 40 lakh crore, youth have gained opportunities for employment and self-employment, the simple GST system has eased business operations, and 4.5 crore
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India's entrepreneurial spirit is powering growth from the grassroots upwards. Under #PMMudraYojana, nearly 58 crore collateral-free loans worth over ₹40 lakh crore have been sanctioned, enabling small businesses, first-generation entrepreneurs, women entrepreneurs and youth to
- DFS repostedFinancial inclusion has become a powerful instrument of social empowerment under the leadership of PM Shri @narendramodi. Through #PMJanDhanYojana, more than 58 crore bank accounts have been opened, bringing millions of previously unbanked citizens into the formal financial
- DFS repostedSocial security is no longer a privilege — it is becoming a reality for every citizen. The Jan Suraksha architecture comprising APY, PMJJBY and PMSBY has extended affordable pension, life insurance and accident insurance coverage to crores of Indians. Together, these schemes
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The GST and Insolvency and Bankruptcy Code (IBC) are rewriting India’s economic DNA through absolute transparency and strict financial discipline. This powerful synergy replaces a legacy of cash and evasion with a robust framework of trust and compliance. Read the full article
