MSME Day 2024: Govt to discuss legal reforms in MSME Development Act today The ministry said MSME Minister Jitan Ram Manjhi and the Minister of State for MSME Shobha Karandlaje will also “dedicate… 1 year ago
MSME Day 2024: Trends and predictions for next decade of supply chain financing The global supply chain finance market was valued at Rs 50,000 crore in 2021 and is projected to reach Rs… 1 year ago
MSME Day 2024: How data-driven solutions offer an alternative approach to MSME financing Even today, many financial institutions (FIs) are driven by processes that favor companies with a history of high credit scores,… 1 year ago
Budget 2024: Revise turnover criterion to Rs 250 cr for mandatory TReDS registration, says FICCI According to the details from the MSME Ministry’s dashboard as of May 2, 2024, 5,871 companies having turnover of more… 1 year ago
JM Financial invests Rs 40 crore in agri equipment startup Balwaan Krishi Balwaan Krishi said the capital will be used to strengthen its brand, enhance marketing efforts, support working capital needs, and… 1 year ago
VC firm GVFL marks first close of Rs 200 crore seed fund Prarambh The firm said it is targeting investment in 25-30 seed-stage startups in the year in sectors including B2B SaaS, healthtech,… 1 year ago
‘MSME growth through fintech innovations to play major role in $5 trillion economy’ Fintech’s contribution to MSMEs’ empowerment will likely increase, with the Indian fintech sector predicted to reach $150 billion by 2025. 1 year ago
RENÉE Cosmetics raises Rs 100 crore round led by Evolvence India, Edelweiss Group; valuation jumps 60% Founded in 2018 by Aashka Goradia, Priyank Shah, and Ashutosh Valani, the company said it has more than 200 products… 1 year ago
SBI launches 45-minute digital loan facility for MSMEs; check details The new solution will leverage authentic data sources including ITR, GST returns, and bank statements to underwrite loans quickly. 1 year ago
Rs 38,072 crore microfinance loans written off as of March 2024; loans unpaid beyond 180 days swell: Report The sector continued to see growth with a 26 per cent jump in gross loan portfolio to Rs 4.42 lakh… 1 year ago
Solar company Candi Solar raises $38 million from Norfund, Kyuden International, STOA The company said it will use the capital for financing of an additional 200 MW of business solar projects and… 1 year ago
Quasi-equity financing: The non-dilutive option for startups to build scalable business Unlike equity financing, non-dilutive options allow businesses to secure funding without sacrificing ownership stakes or diluting existing shareholders’ interests. 1 year ago
MSME 45-day payment rule: Traders to urge new NDA govt for up to 180-day time limit Currently, traders including wholesale and retail traders are limited to raising bank credit under priority sector lending norms and hence… 1 year ago
MSME lender Ashv Finance partners with HDFC Bank for co-lending MSME loans The co-lending deal is part of Ashv Finance’s focus on growing co-lending partnerships for lending to MSMEs. 1 year ago
Micro enterprise lender Aye Finance sees 182% jump in PAT; AUM grows to Rs 4,400 crore In terms of asset quality, Aye Finance claimed net NPAs (non-performing assets) under 1 per cent of the loan book. 1 year ago
Testsigma raises $8.2 million funding round led by MassMutual Ventures Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma allows users to rapidly create, manage… 1 year ago
Elev8 Venture Partners leads $14 million funding in spiritual tech startup Astrotalk Astrotalk said it will deploy the latest capital towards growing its offerings in regional languages and formats, increasing its global… 1 year agoJune 4, 2024
MSME 45-day payment rule: Challenges and way out for consumer tech companies Implementation of new payment processes to comply with the 45-day MSME payment rule may require consumer tech companies to update… 1 year ago
RBI asks MSMEs to formalise business, focus on credit discipline, capacity building for credit access
