SIDBI plans to raise Rs 5,000 crore via five-year bonds This would include a greenshoe of Rs 3,000 crore. 1 year ago
CGTMSE: Informal units with Udyam certificate are eligible for loan guarantee without declaration of GST exemption IMEs are enterprises exempted from filing returns under the provisions of the CGST Act, 2017. In order to get them… 1 year ago
Startup funding jumps 42% during Jan-July 2024; deal count sees modest rise Among the top funding deals during the period were Zepto’s $665 million, $300 million raised by Meesho, $216 million by… 1 year ago
Mudra loans cross Rs 1 lakh crore in current fiscal so far; this many sanctioned The scheme was launched in 2015 by Prime Minister Narendra Modi to provide small-ticket loans of up to Rs 10… 1 year ago
Delayed payments: These central ministries have highest pending dues to MSMEs The total amount pending across central ministries was Rs 284.60 crore across 437 applications and cases combined. 1 year ago
RBI to launch Unified Lending Interface to plug credit gap in MSME, agri, other sectors The new platform currently in the pilot stage will “facilitate seamless and consent-based flow of digital information, including even land… 1 year ago
ERP testing startup Opkey raises $47 million in Series B round from PeakSpan Capital, existing investors Opkey, which offers a no-code testing platform for business and technical users to automate their application testing in hours, said… 1 year ago
Delayed payments: RBI DG asks banks to deploy ‘supportive measures’ for MSMEs While the government has put statutory provisions which entail penalties for delayed payments by buyers, the deputy governor said MSMEs… 1 year ago
Direct Benefit Transfer: MSME beneficiary count in 2023-24 drops even as funds transferred up by 70% The maximum number of DBT beneficiaries in 2023-24 were under the PM Vishwakarma scheme launched in September 2023. 1 year ago
Travel gear startup uppercase raises $9 million in Series B round from Accel The startup said it aims to add 250 exclusive retail stores in three years and capture a substantial share of… 1 year ago
Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others Launched in 2022, TransBnk enables corporates, and commercial and institutional companies to make agile and secure transactions with embedded finance… 1 year ago
52% of B2B payments remain overdue for over 90 days in major Indian hubs: Survey The survey conducted on B2B payment trends and challenges faced by over 2,800 of Recorded member businesses from across the… 1 year ago
BharatPe to now offer collateral-free loans to merchants; partners with OTO Capital, Volt Money Nalin Negi, CEO, BharatPe said the new secured loan offering will “open a new monetization channel for us and also… 1 year ago
FM Sitharaman asks PSBs to ‘expeditiously implement’ Budget announcements for MSMEs In the first full budget under the Modi 3.0 government, Sitharaman had announced that PSBs will lead the development of… 1 year ago
Govt’s Stand Up India scheme sees flat growth in loans sanctioned in FY24 Launched in 2016, Stand Up India enables credit between Rs 10 lakh and Rs 1 crore to at least one… 1 year ago
India’s banking access rises but MSMEs remain underserved: How Account Aggregator can change that As the issues resolve over time, AAs as Digital Public Infrastructure (DPIs) will play a pivotal role in enabling affordability,… 1 year ago
How OCEN can have a transformative impact on MSME financing in India With the right policies and a collaborative effort from all stakeholders, OCEN can significantly reshape the financial landscape, ensuring that… 1 year ago
RBI’s TReDS: Invoice financing jumps over 1100% in five years, shows govt data Looking at the five-year data till FY24, invoice financing on TReDS has jumped 766 per cent from 4.8 lakh invoices… 1 year ago
What is receivables securitization, how it differs from invoice financing in quick access to funds for MSMEs
