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PSU Bank Launches App for MSME Lending on GST Invoices

PSU Bank Launches App for MSME Lending on GST Invoices

PSU Punjab National Bank (PNB) on Wednesday said it has launched a mobile application based on the GST Sahay scheme, an end–to-end digital product under which lending can be done using GST invoices.  The PNB GST Sahay App makes the entire loan process digitised and helps eliminate any manual intervention for borrowers and makes the [...]
Union Heavy Minister Confirms Extension of PLI Scheme for Auto Sector to Extend Till 2028

Union Heavy Minister Confirms Extension of PLI Scheme for Auto Sector to Extend Till 2028

The government has decided to extend the Rs 25,938-crore production-linked incentive scheme for the automotive sector by one year, Union Heavy Industries Minister Mahendra Nath Pandey said on Tuesday. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. At present, incentives are applicable under the scheme for [...]