Page 3 of Online MSME loans

U GRO Capital to raise $40 million from US govt’s development finance institution

The company said it has signed a commitment letter with the DFC — a development finance institution — which partners…

October 16, 2024 12:31 IST

Rs 5 crore MSME loan for Agniveers: How much guarantee coverage available under CGTMSE?

The youth selected under the Agnipath scheme, which was approved by the Cabinet in 2022 as a recruitment scheme to…

October 15, 2024 16:00 IST

fiscal deficit, GDP, unemployment rates, inflation rates, consumer spending, interest rates, fiscal consolidation, current account balances

MSME lender UGRO Capital crosses Rs 10,000 crore AUM in Q2 FY25

UGRO’s total debt stood at over Rs 5,300 crore during Q2 FY25, growing from Rs 3,798 crore during Q2 FY24…

October 10, 2024 18:41 IST

Kirloskar’s NBFC arm Arka Fincap launches new small ticket loan offering for MSMEs

The loan product is aimed at businesses in tier II towns and beyond to support their working capital needs.

October 7, 2024 13:00 IST

SIDBI posts highest-ever net profit in FY24; net NPA at 0%

SIDBI said it surpassed the milestone figure of Rs 5 lakh crore balance sheet in FY24 with its asset base…

September 25, 2024 14:38 IST

CGTMSE hits Rs 1 lakh crore guarantee mark in current fiscal

Sharing the update on Monday in a post on X, CGTMSE said the Rs 1-lakh-crore-guarantee mark was achieved in 219…

September 23, 2024 18:10 IST

Aye Finance closes Rs 250 crore Series G round from ABC Impact, British International Investment

The latest round would take the company’s total equity capital infusion to Rs 1,250 crore.

September 20, 2024 10:32 IST

PM Vishwakarma 1 year report card: How Rs 13,000 crore scheme fared; know key benefits

The five-year scheme with a corpus of Rs 13,000 crore enables up to Rs 3 lakh collateral-free loan to artisans…

September 17, 2024 12:50 IST

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…

September 6, 2024 13:52 IST

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…

September 5, 2024 13:31 IST

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…

August 20, 2024 18:13 IST

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…

August 19, 2024 14:29 IST

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…

August 12, 2024 10:00 IST

Budget 2024: Strategic initiatives govt should take for a more inclusive MSME sector

Budget 2024: Strategic initiatives govt should look at for a more inclusive MSME sector

To foster a more inclusive MSME sector, it is imperative to address challenges and implement strategic initiatives that leverage advanced…

July 14, 2024 12:55 IST

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,…

June 27, 2024 06:00 IST

Private banks continue to maintain a higher spread

Priority bank credit to MSMEs jumps 18% in April from year-ago period: RBI data

Priority credit to MSMEs in April was 14.9 per cent of Rs 164.76 lakh crore in India’s non-food credit during the…

June 6, 2024 14:18 IST

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.

June 6, 2024 13:38 IST

MSME-focused NBFC Clix Capital’s FY24 PAT jumps 125%, AUM grows 31%

The company had targetted Rs 100 crore profit and Rs 5,000 AUM in FY24.

May 31, 2024 19:46 IST

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NBBL targets 1 billion monthly transactions

Money4 hr ago

NPCI’s subsidiary NBBL plans to process 1 billion transactions per month in the next three years, targeting half of India’s households and processing 3 bills per household. The launch of Banking Connect, an interoperable platform, aims to enhance the digital payment experience for online merchants. It has already partnered with major banks and payment aggregators, with more banks in the pipeline.

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