Try GOLD - Free
Credit Inflow Much Lower Than Small Biz Need
The Morning Standard
|April 09, 2025
DESPITE continuing efforts of the government to channelise the formal financing to small businesses, a survey shows though credit availability has improved, the quantum is much lower than what they need.
This segment saw ₹33.6 lakh crore in bank credit under the Mudra scheme over the past one decade. However, more than 40% of such businesses feel the segment needs more fund inflow.
In an interview to a business daily, Prime Minister Narendra Modi has said as much as ₹33.65 lakh crore of credit was extended to 52.37 crore loan accounts under the scheme, launched in April 2015. This, he said, "celebrates 10 glorious years of empowering small and micro-entrepreneurs across India."
This story is from the April 09, 2025 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
19th century ‘Wicked Queen’ rerun in Panipat: Woman kills 4 kids for their good looks
HARYANA Police has solved the mystery of killing of a six-year-old girl in Panipat’s Naultha village, and, with it, unearthed the shocking details of a “wicked aunt”, whose crimes matched the deeds of “Wicked Queen” in the 19th century German fairy tale Snow White.
1 mins
December 04, 2025
The Morning Standard
Nursery admission forms for pvt schools to be released today
THE much-anticipated race for nursery admissions in Delhi’s private schools will officially begin today with the Directorate of Education (DoE) opening the application window for Nursery, Kindergarten, and Class 1 for the 2026-27 academic session.
1 mins
December 04, 2025
The Morning Standard
Gaikwad stakes claim, but SA clinch run-fest
Opener Markram slams century while Breetzke & Brevis score a fifty each as Proteas chase down 359 to level series
3 mins
December 04, 2025
The Morning Standard
'Secure control over global supply chain'
INDIA needs to adapt to the ongoing global economic shifts and secure greater control over supply chains to ensure resilience at a time when trade is increasingly being weaponised, Commerce Minister Piyush Goyal said on Wednesday.
1 min
December 04, 2025
The Morning Standard
WORLD-CLASS INFRA 400-km road redevelopment by March next year, says govt
THE Delhi government has approved a major infrastructural plan to redevelop 402 kilometres of city roads by March next year.
1 min
December 04, 2025
The Morning Standard
IT COMES A FULL CIRCLE
Nearly two decades after its Delhi debut, theatre director Roysten Abel's famous production, The Manganiyar Seduction, returns to the city next week. Abel reflects on the music's evolution, the ensemble's journey, and what it has taught him.
3 mins
December 04, 2025
The Morning Standard
LETTER WITHDRAWN GOVT BLINKS, NIXES SANCHAR SAATHI FIAT
THE government on Wednesday withdrew its order directing phone makers to pre-install the Sanchar Saathi app, following strong backlash from opposition parties, digital rights activists, and manufacturers including Apple and Google. This reversal came a day after the telecom ministry clarified that the state-run cybersecurity app is not mandatory and that users may activate or deactivate it.
1 min
December 04, 2025
The Morning Standard
HC sets aside its order sacking 32,000 teachers in West Bengal
IN a relief for the Mamata Banerjee government in West Bengal ahead of the assembly elections, a division bench of the Calcutta High Court on Wednesday set aside a single-judge order that had cancelled the appointment of 32,000 primary school teachers.
1 min
December 04, 2025
The Morning Standard
Rupee breaches 90-mark for the first time
THE rupee’s freefall deepened on Wednesday, breaching the 90-per-dollar mark for the first time, hitting a new low of 90.29 in the morning trade after opening flat at 89.96. It closed the day’s session at an all-time low of 90.15.
1 min
December 04, 2025
The Morning Standard
Himalayan Voices at India’s Table
IN 2019, I watched a small but stirring film called Axone, set in Delhi and threaded through the everyday lives of young people from the north east.
3 mins
December 04, 2025
Listen
Translate
Change font size