Free Press Journal
  • Indore: 40 young entrepreneurs recommended to banks for Rs 25 crore loan approval

    Indore: Aimed at empowering youths to grow as an entrepreneur and thus, generate jobs in their establishments, a proposal to provide a loan of Rs 25 crore to as many as 40 youths of the district to set up their own units, was recommended to banks in a meeting of task force, held here at collector office on Thursday.

  • CM Devendra Fadnavis appeals to farmers to repay current loans to maintain the banking system

    Mumbai: Chief Minister Devendra Fadnavis appealed farmers to repay loan to maintain the banking system. In his talk show, ‘Mi Mukhymantri Boltoy’ (CM is speaking), Fadnavis said that the banks are relying on repayment and farmers who repay regularly, will be given extra benefits of various government schemes in addition to the encouragement subsidy under the loan waiver scheme.

  • Bhopal: Indebted farmer kills self, police say he was mentally ill

    Bhopal: A 45-year-old farmer allegedly committed suicide by consuming sulphas tablets on Friday at Devnagar locality in Raisen district. The deceased under a bank debt of Rs 10 lakh was not being able to pay it in EMIs for the last few months after which the bank had sent notice to attach his property, sources said.

  • Indore: ‘Houses purchased on loan to get benefit of long term capital gain’

    Indore: Prominent chartered accountant and tax law expert Ashish Goyal has said “If someone purchases a house with loan, then he will get the benefits of long term capital gain.  Similarly, if a property is purchased in name of a family member, then he will also get the benefits.”

  • Indore: Bothers dupe bank of lakhs

    Indore: Two brothers took loan from a bank in the name shop and left city after locking their shop and house when bank asked to repay the loan. According to police, manager of State Bank of Bikaner and Jaipur, Palasia branch lodged a complaint against brothers Rajesh Sharma and Ram Sharma for not repaying the loan taken from his bank.

  • Bhopal Municipal Corporation to take Rs 104cr loan from HUDCO

    BHOPAL: Bhopal Municipal Corporation (BMC) will take a loan of Rs 104 crore from Housing and Urban Development Corporation Limited (HUDCO) for water pipe lines in state capital under JNNURM. The proposals was  approved in MiC meeting on Tuesday. Proposal of Rs 3 crore for transit sheds under PM Housing Scheme, Rs 3.4 crore for Sewage cleaning machines purchasing and Rs 6.5 crore have also been passed for musical fountain at Upper

  • Ujjain: Two booked for taking loan on false documents

    Ujjain: Two persons took loan from Narmada Jhabua Gramin Bank by furnishing fake documents. According to information, Mohammad Hanif and Mohammad Rafiq of Sadava village under Kayatha Police Station presented false documents at the branch of Narmada Jhabua Gramin Bank and received a loan of Rs 3, 50, 000. On being informed, the bank officials lodged a report against the two in Tarana police station. The police registered an FIR after investigation

  • Borrowers have 90 more days to repay loans: RBI

    Mumbai : In further relief to people hit by demonetisation, the Reserve Bank on Wednesday gave borrowers another 30 days over and above 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore.

  • Conman arrested in Mumbai

    Mumbai : Mumbai Police on Friday has arrested a conman Karan Singh Chauhan (40),who used to dupe people by promising to get them a loan. He used to cheat them by charging them a huge commission and never getting them the promised loan.

  • Govt plans to widen crop loan net

    Mumbai : The State government has decided to widen the crop loan net and also bring maximum number of farmers under the crop insurance net, agriculture minister Eknath Khadse told here on Thursday after the pre-Kharif planning and review meeting.

  • France initiates smart city projects with 2bn Euro loan

    New Delhi : Smart City project for sustainable development, with two billion Euro assistance from the French government, has begun in Puducherry with Nagpur and Chandigarh being next in the line, French envoy to India Francois Richier on Friday said.

  • IndusInd PAT up 30% on loan growth

    Mumbai : Healthy loan growth, following a buyout of a diamond portfolio, coupled with a sharp uptick in other income helped IndusInd Bank post a 30% year-on-year rise in Jul-Sep net profit to 5.60 bln rupees.

  • Govt plans to set up Rs 500 cr VC fund for pharma industry

    New Delhi : The government plans to set up Rs 500 crore venture capital fund to boost domestic pharma industry and provide cheaper loans to entities looking to establish or upgrade manufacturing facilities.