Govt to launch Rs 1,000 cr Credit Guarantee Fund to boost pledge financing
Wed, Sep 18, 2024 7:04 PM

Govt to launch Rs 1,000 cr Credit Guarantee Fund to boost pledge financing

A Flip by Shubhangi Gupta
Get it on Google Play
The Union government said it will soon launch a Rs 1,000-cr credit guarantee fund to increase lender confidence in pledge financing against electronic Negotiable Warehouse Receipts for farmers and traders using WDRA-registered warehouses. Food Secy Sanjeev Chopra told reporters at New Delhi on Sept 18 that the fund, with a corpus of Rs 1,000 cr, will address the anticipated credit risk of lenders.

More great flips

NTPC Top Gainer As Nifty Struggled To Hold To Fresh All Time High

NTPC Top Gainer As Nifty Struggled To Hold To Fresh All Time High

On Thursday, Nifty 50 gained 0.15% to 25,415.80. The benchmark index hit an all-time high of 25,611.95 in the session. 27 stocks gained while 23 declined. NTPC led the gains with a 2.37% increase, closing at ₹423.95. NTPC gained after its green energy subsidiary filed papers with SEBI for a ₹10,000 crore IPO. Kotak Mahindra Bank followed with a 1.75% rise, reaching ₹1871.95.

Open Flip
Titan's bags and accessories brand IRTH plans 100 stores by FY'27

Titan's bags and accessories brand IRTH plans 100 stores by FY'27

IRTH, the bags and accessories brand of lifestyle company Titan, plans to open 100 stores by FY2027.IRTH is going in for a massive retail expansion and plans to open 10 exclusive brand outlets this year as part of the first phase in major cities like Delhi, Mumbai, Chennai, Kolkata, and Pune in FY25. The company is opening its first exclusive store, measuring 530 sq ft, on October 3.

Open Flip
India needs to develop content-tracking system for Gen AI: Report

India needs to develop content-tracking system for Gen AI: Report

India needs to develop a content tracking system for generative artificial intelligence (Gen AI) to address concerns over digital content authenticity, according to an EY-FICCI report, which highlights the importance of watermarking technology to distinguish AI-generated content from human-generated material and ensure informed decision-making.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon