The Assam government's 'Aponar Apon Ghar' scheme provides subsidies up to Rs 2.5 lakh on housing loans for permanent residents with family income not exceeding Rs 20 lakh, aiming to make home ownership accessible.
Ledn will allow clients to use Tether Gold (XAUt) as collateral for loans later this year, expanding its services beyond Bitcoin. Loans will be issued in USDT or USAt stablecoins, offering liquidity without triggering taxable sales as tokenized commodities gain traction.
India is negotiating with the World Bank and ADB for approximately $2.5 billion in loans to fund urban infrastructure and job creation. This comes amid a wider budget gap due to increased subsidies for oil prices affected by Middle East conflict.
A $28 million South Australian government fund for rural industries, established in the 1980s, has sat unused for a decade. Growers in the embattled Riverland region, facing drought and poor wine market conditions, are puzzled by the unspent funds, which could support farm development or industry transition.
South Korea's bank loan delinquency ratio increased to 0.61% in April, up from 0.56% in March. This rise was primarily driven by a significant decrease in the write-offs of non-performing loans, despite an increase in newly overdue loans.
England is proposing minimum grade requirements, like a GCSE English pass, for students to access government loans for higher education. This could block over 30,000 students annually, disproportionately affecting those from poorer or non-traditional backgrounds, and potentially harming universities reliant on such enrollments.
New UK government policy requiring minimum GCSE grades for student loans could cost universities over £200m annually. This move disproportionately affects institutions reliant on students without formal qualifications, potentially narrowing access to higher education for disadvantaged learners.
New South Wales government launches interest-free loans up to $15,000 and cash subsidies up to $4,000 for renewable energy upgrades like solar panels and batteries to help households reduce energy bills.
New South Wales government launches interest-free loans up to $15,000 and cash subsidies up to $4,000 to encourage solar panel and battery adoption. The scheme aims to ease energy bill pressures for households.
China's economy shows sluggish consumption and weak investment in May, with new bank loans falling year-on-year. Despite regulatory efforts, demand remains weak, though the tech sector is a bright spot amid innovation drives.
Elyse Burns, 28, paid off over $75,000 in law school debt within a year of graduating by growing her art business, Elyse Breanne Design. She started selling art in 2015 and by 2020, her business was making six figures. Burns leveraged TikTok to boost her business and chose to focus on it over a legal career, ultimately paying off her loans without taking the bar exam.
Gimje City in North Jeolla Province announced on the 13th that it will support interest on Jeonse (lump-sum deposit) loans for young and newlywed couples in the first half of the year. The support, up to 1 million won for six months, is for residents aged 18-39 and newlyweds within seven years of marriage, with incomes below 180% of the median income.
The U.S. Small Business Administration (SBA) has implemented a new policy preventing green card holders from accessing its loan programs, a move that disqualifies lawful permanent residents like entrepreneur Sayuri Tsuchitani. This change, criticized by business advisors and lawmakers, aims to prioritize U.S. citizens for taxpayer-funded support, despite historical data showing immigrants' significant role in business creation and job growth.
The U.S. Small Business Administration (SBA) has introduced a policy change excluding green-card holders (lawful permanent residents) from its loan program, affecting immigrant entrepreneurs who previously relied on these loans to start and grow businesses, despite their tax contributions and significant role in U.S. entrepreneurship.
Turkey's banking sector experienced a significant increase in total loan volume, reaching 26 trillion lira, while total deposits also rose to 29.6 trillion lira as of June 5. Consumer loans and non-performing loans also saw increases.
Trad.Fi and W3 are launching an experiment in U.S. equipment financing, using AI to compress loan reviews to one day and blockchain for capital workflows. Targeting a $650M pipeline, the initiative aims to test tokenized private credit's move from portfolio wrappers to direct business lending, focusing on AI's impact on underwriting quality and investor liquidity.
Trad.Fi and W3 aim to move $650M in U.S. equipment financing onto blockchain rails over four years. The project uses AI for risk assessment and aims to compress loan processes from months to a day, testing blockchain's utility for real-world assets beyond tokenized funds.
South Korean banks experienced the fastest growth in household loans in almost two years during May, with a 6.9 trillion won increase. This surge was driven by rising stock market investments and increased mortgage lending.
Kakao Bank announced it has provided an additional KRW 1.2 trillion in loans to low-to-mid credit borrowers by utilizing an alternative credit scoring model based solely on non-financial data. This model, developed in-house, has enabled the bank to approve loans for approximately 12% of borrowers who would have been rejected by traditional methods.
UK ministers reject accusations of unfairness regarding student loan changes, arguing the heavily subsidized nature of the loans grants the government the right to alter terms. Concerns persist over rising debt and interest rates, with critics comparing the situation to mis-selling scandals.
Nearly 30 million Russians have utilized the self-exclusion tool to prevent taking out loans, and over 1.8 million have opted for self-exclusion on SIM card registrations. Deputy Prime Minister Dmitry Grigorenko announced these figures at the St. Petersburg International Economic Forum, highlighting the popularity of these self-protection measures against online criminals. Plans are also underway to introduce self-exclusion on calls from abroad.
Marcus Rashford faces a summer of uncertainty over his Manchester United future, with Barcelona keen but hesitant due to his high wages. Other potential clubs include Arsenal, Liverpool, and PSG, but financial and contractual complexities loom large.
A 58-year-old company executive in Kitakyushu was sentenced to 3.5 years in prison for defrauding approximately 91 million yen from Flat 35 housing loans. He orchestrated a scheme involving name changes and falsified income documents.
Mukul Choudhary, who made a memorable IPL debut for Lucknow Super Giants, is set to repay his family's bank loan with his earnings. The young cricketer's journey highlights his dedication and the financial support he received.
