
The Indian Bank, a public sector financial institution, has successfully provided credit worth Rs 500 crore to MSME (Micro, Small, and Medium Enterprises) customers in Chennai. In an official statement, the bank announced that more than 440 sanction tickets, totaling over Rs 500 crore, were distributed to MSME customers during a credit camp held in the city on Wednesday.
Meanwhile, the State Bank of India (SBI) has introduced a new loan facility called ‘SME Digital Business Loans’ specifically designed for the MSME sector. Leveraging the power of APIs (Application Programming Interfaces), SBI ensures fast loan approvals in just 45 minutes, providing seamless financial support to MSME businesses.
However, a recent study has raised concerns about the accuracy and effectiveness of carbon credits utilized by industries like airlines to offset their emissions. The study specifically criticized the methodologies employed by Verra, an organization involved in forest protection projects, pointing out issues of over-crediting. This has sparked a debate and calls for further evaluation of carbon credit practices.
In the entertainment industry, actor Natty shares the screen with Vijay Sethupathi in the highly anticipated film ‘Maharaja,’ directed by Nithilan Saminathan. This star-studded action drama is set to release in both Tamil and Telugu languages, creating a wave of excitement and curiosity among the audience, particularly regarding the character Lakshmi.