Accel Atoms 4.0 to invest upto USD 1 mn in pre-seed startups focused on ‘Bharat’ opportunity, AI Startups at the pre-seed stage, including idea-stage and pre-product companies, are eligible to apply for this rigorous three-month hybrid programme. 1 year ago
Union Minister Jitan Manjhi announces Rs 220 cr for development of MSME in J’khand The Union Micro, Small and Medium Enterprises minister said that four new clusters and three additional technology centres would be… 1 year ago
MSME NPA levels likely to increase in next 6 months: Survey In FY24, banks wrote off Rs 20,261 crore in bad loans linked to micro and small enterprises. 1 year ago
CGTMSE loan: Govt targets Rs 5 lakh crore credit guarantees in 2 years Under CGTMSE, the guarantee cover available for micro enterprises is up to 85 per cent for loans up to Rs… 1 year ago
Former Jio executive’s $250 million startup fund marks first close of $130 million Raised from global investors from Europe, the US, Middle East, and India, the fund will back growth-stage, tech-enabled companies in… 1 year ago
PayNearby, Protean to enable credit access for last-mile small businesses via ONDC Protean eGov will act as an ONDC technology service provider, facilitating credit access through PayNearby’s Distribution as a Service (DaaS)… 1 year ago
Banks unable to sustain lending relationships with MSMEs profitably: FICCI-IBA report The report Banking for a Viksit Bharat said there is an opportunity for lenders to use data including bank statements,… 1 year ago
Govt’s 59-min MSME loan scheme sees flat growth: Govt data The scheme, facilitated by the digital lending platform Online PSB Loans, enables in-principle bank approval for collateral-free term loans or… 1 year ago
Edtech funding sees modest rebound in H1 2024 with $164 million raised: Tracxn Year-to-date funding in the Indian edtech sector stood at $215 million vis-a-vis $321 million secured by edtech startups in 2023. 1 year ago
Bihar govt disburses Rs 2,900 crore to 74,540 beneficiaries for promoting MSMEs: Official Around Rs 2,900 crore have been disbursed to nearly 74,540 beneficiaries under two schemes, one of which was launched only… 1 year ago
India’s MSME loan portfolio jumps 17%: Report The total MSME loans originated or sanctioned in FY24 were 2.74 crore involving Rs 54.2 lakh crore, growing by 19.3… 1 year ago
NBFC-MFIs’ evolving asset quality risks to impact profitability, growth in FY25: ICRA As per ICRA’s estimates, the non-performing assets (NPAs) in NBFC-MFIs have increased by 30 bps in Q1 FY25. 1 year ago
Out of $1.9 trillion MSME credit gap, only $289 billion fulfilled by formal lenders: RBI’s Michael Patra The deputy governor noted that half of the $1.5 trillion debt-based demand comes from borrowers who prefer financing from informal… 1 year ago
India to have 150 fintech unicorns with half-a-trillion dollar valuation by 2030: Report With 26 fintech unicorns, India currently has the fourth highest count of fintech companies valued at $1 billion or above… 1 year ago
7 ways to bridge the MSME credit gap by banks, other lending institutions If all ecosystem participants including banks, NBFCs, and fintechs align on the opportunity that PSL presents and work collaboratively with… 1 year ago
Banks deploy Rs 25 lakh crore in priority lending to MSMEs in July: RBI data Priority credit to MSMEs in July was 14.9 per cent of India’s non-food credit of Rs 167 lakh crore during… 1 year ago
Microfinance loan portfolio sees drop in June quarter; asset quality deteriorates: Report The loan amount disbursed also declined during the June quarter along with the drop in the number of loans. 1 year ago
$100 billion Indian fintech ecosystem has potential to create 2-3x value in next decade: Report According to the report by BCG and Z47, several fintechs out of over 35 fintech firms in the country, valued… 1 year ago
