Page 4 of MSME Finance

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.

December 3, 2024 16:00 IST

financial inclusion, demand, economic progress, lending criteria, collateral, loan products, financial literacy, borrowing, savings plans, small business, Digital lending

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…

December 2, 2024 16:23 IST

RBI, RBI MPC, rate cut, repo rate, interest rate, inflation, GDP growth, growth concerns, manufacturing, investment

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,…

December 2, 2024 14:17 IST

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…

November 29, 2024 18:23 IST

CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

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…

November 29, 2024 16:44 IST

VC funding in Indian startups up 44% during January-October 2024

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…

November 29, 2024 12:47 IST

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…

November 28, 2024 12:28 IST

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…

November 26, 2024 13:56 IST

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…

November 25, 2024 17:51 IST

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.

November 25, 2024 16:27 IST

VA Tech Wabag, order, waste water treatment, green energy

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…

November 25, 2024 13:44 IST

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.

November 20, 2024 18:40 IST

Startup investments drop 50% in October 2024: IVCA-EY report

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…

November 20, 2024 13:29 IST

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…

November 18, 2024 19:22 IST

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…

November 18, 2024 15:47 IST

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.

November 14, 2024 15:08 IST

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…

November 13, 2024 12:44 IST

ITI AMC, AUM, hybrid scheme, equity scheme, product offerings, investment solutions, wealth creation

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…

November 12, 2024 13:51 IST

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India no longer an impregnable fortress

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India’s home record in Test cricket is no longer invincible, as shown by recent series losses. The team must adapt to the changing landscape and focus on developing specialist players rather than relying on all-rounders. The upcoming months will be crucial for India to improve and qualify for the World Test Championship.

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