Tag «Business»

Karnataka Government to spend Rs 100 cr on selected startups

karnataka government startup funding

Karnataka government will spend about Rs 100 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses, IT Minister Priyank Kharge said today. The funds had been allotted under ‘Elevate Programme,” Kharge told over the phone from New Delhi. All the selected startups will not …

Bad loans, not interest rates impeded lending to industries

bad-loans-not-interest rates-impeded-lending-to-industries

It is the non-performing loans built by government banks that has impeded lending to industries and not the high interest rates charged by the bankers, marketing research and analysis consultancy Frost & Sullivan said on Wednesday. In a statement, Frost & Sullivan said the steady fall in non-food credit from 20.7 per cent in fiscal …