IFC to invest $20 million in MSME lender FlexiLoans IFC said it will help FLexiLoans strengthen its loan operation and risk management practices as its business continues to scale. 10 months ago
Digital Footprint to help MSME get up to Rs 5 L loans from Muthoot FinCorp ONE Muthoot FinCorp ONE, a strategic business unit and the digital platform of Muthoot FinCorp Ltd (MFL) will offer loans with… 10 months ago
Bank credit to MSMEs up by 14% in October: RBI data The credit deployment to MSMEs in October was 15.7 per cent of India’s non-food credit of Rs 167 lakh crore,… 10 months ago
16 MSMEs, 20 startups supported under Technology Development Fund scheme, says Defence Ministry During the last five years, 42 projects of Rs 182.41 crore to MSMEs and 25 projects of Rs 59.47 crore… 10 months ago
CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG, Citi Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from… 10 months ago
VC funding in Indian startups up by 44% during January-October 2024 Major deals during the period in India were Zepto’s $665 million funding in June followed by an additional $340 million… 10 months ago
PSBs’ outstanding credit to women jumps to 15% of net bank credit: Govt data According to the Reserve Bank of India (RBI), the government had earlier drawn up a 14-point action plan (now a… 10 months ago
MSME delayed payments: 45-day payment rule endorsed by MSME associations as beneficial, says FinMin In April this year, a new clause (h) was inserted in Section 43B of the Income-tax Act 1961 to provide… 10 months ago
RBI asks MSMEs to formalise business, focus on credit discipline, capacity building for credit access “While regulatory policies and government schemes have played a crucial role in creating an enabling environment for MSMEs, it is… 10 months ago
Mudra scheme: Women remain major beneficiaries despite drop in share In the current financial year, as of November 1, the share of women borrowers stood at 61.3 per cent. 10 months ago
Co-lending: Outstanding advances jump 7x under agri, MSME segments RBI in 2020 had permitted scheduled commercial banks (SCBs) to co-lend with all registered NBFCs including housing finance companies to… 10 months ago
Dairy startup Doodhvale Farms raises USD 3 mn from investors to expand biz The round was led by Atomic Capital, with Singularity Early Opportunities Fund joining as a major co-investor. 10 months ago
Startup investments drop 50% in October: IVCA-EY report October 2024 recorded nine large PE-VC deals (deals with a value greater than $100 million), aggregating $3.3 billion, a 4… 10 months ago
Target Rs 6.12 lakh cr MSME loans in FY26, Rs 7 lakh cr in FY27: Sitharaman asks banks The minister said traditionally, the banking sector has relied heavily on collateral-based lending models. This approach, while effective in certain… 10 months ago
Invoice discounting: M1xchange’s transaction volume crosses 32,000 crore in H1 FY25 Among the RBI-licensed operators of the invoice discounting system TReDS, M1xchange said it onboarded over 200 new corporates and 10,000… 10 months ago
VC firm Pavestone closes Rs 816 crore tech fund from SRI Fund, family office of Mankind Pharma, others The fund, which focuses on early growth-stage B2B technology startups, surpassed its initial target of Rs 600 crore corpus. 10 months ago
TReDS: Value of invoices financed has surged 23 times, says RBI DG Michael Patra The Deputy Governor noted that TReDS addresses the credit gap of MSMEs estimated at around Rs 52.2 trillion (Rs 52… 10 months ago
NBFC Profectus Capital sees 15% jump in AUM; pretax profit at Rs 21 crore as of Sept 2024 The total income from operations for the half year increased to Rs 202 crore compared to Rs 194 crore for… 11 months ago
Stress in microfinance: Q2 sees further increase in delinquencies across all ticket sizes, lender types
