The Reserve Bank of India (RBI) has started a public awareness campaign to warn people against digital banking frauds. For the new campaign, RBI has roped in Olympic Gold medalist Neeraj Chopra.
The Reserve Bank of India has raised the limit for collateral-free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana - National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.
Small Industries Development Bank of India (SIDBI) has unveiled 'Digital Prayaas' an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups.
India is ranked 122nd on a new Global Youth Development Index 2020 measuring the condition of young people across 181 countries, released by the Commonwealth Secretariat in London.