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  3. msme desk

MSME Desk

CPI inflation, inflation, RBI, rate cut, repo rate, RBI MPC, Shaktikanta Das, vegetable prices, food inflation, US Fed
MSME bank credit under priority lending jumps to Rs 26 lakh crore in September: RBI data

The total priority credit to MSMEs in September was 15.2 per cent of India’s non-food credit of Rs 171 lakh…

By MSME Desk
November 1, 2024 13:53 IST
Meesho says it is first e-commerce company to hit profitability in FY24
Meesho says it is first e-commerce company with positive cash flow in FY24

E-commerce company Meesho on Wednesday reported in FY24 results with operating cash flow turning positive to Rs 232 crore from…

By MSME Desk
October 30, 2024 11:52 IST
Business automation platform EvoluteIQ raises $20 million round led by Round2 Capital
Business automation platform EvoluteIQ raises $20 million round led by Round2 Capital

Nordea Growth Fund, DCAP Select and PH ventures also participated in the round. The company said new funds will help…

By MSME Desk
October 29, 2024 15:37 IST
Rs 1.25 lakh crore loss to China expected this festive season: CAIT
Rs 1.25 lakh crore loss to China expected this festive season: CAIT

CAIT Secretary General Praveen Khandelwal said in a statement that a decline in Diwali-related Chinese product sales is expected to…

By MSME Desk
October 29, 2024 15:09 IST
Vridhi Home Finance raises Rs 310 crore in Series B funding led by Norwest Venture Partners
Vridhi Home Finance raises Rs 310 crore in Series B funding led by Norwest Venture Partners

Launched in 2022, Vridhi Home Finance provides loans for pre-built homes, construction, expansion, renovation, etc., and has assets under management…

By MSME Desk
October 29, 2024 11:32 IST
C-295 aircraft facility will provide immense opportunities for MSMEs: PM Modi
C-295 aircraft facility will provide immense opportunities for MSMEs: PM Modi

The new facility is the first private sector Final Assembly Line (FAL) for military aircraft in India which would involve…

By MSME Desk
October 28, 2024 18:35 IST
Agritech startup Arya.ag raises $19.8 million from US Development Finance Corporation
Agritech startup Arya.ag raises $19.8 million from US Development Finance Corporation

The company said the new round will help expand its ability to connect farmers and FPOs with buyers nationally.

By MSME Desk
October 28, 2024 13:53 IST
B2B trade platform udaan raises Rs 300 crore debt from Lighthouse Canton, Stride Ventures, others
B2B trade platform udaan raises Rs 300 crore debt from Lighthouse Canton, Stride Ventures, others

The latest round follows the $340 million Series E funding the company raised in December last year led by M&G…

By MSME Desk
October 28, 2024 11:22 IST
DPIIT partners with HCLSoftware to support manufacturing startups
DPIIT partners with HCLSoftware to support manufacturing startups

DPIIT said it signed over 80 Memorandums of Understanding (MoUs) with industry stakeholders so far under the initiative. 

By MSME Desk
October 25, 2024 18:24 IST
MSME loan in 59 minutes: Apply for Rs 5 crore loan online; check step-by-step process
MSME loan in 59 minutes: Apply for Rs 5 crore loan online; check step-by-step process

The PSB Loans in 59 Minutes enables in-principle approval to a loan application within 59 minutes.

By MSME Desk
October 25, 2024 17:39 IST
Mudra Yojana: FinMin notifies increase in loan limit to Rs 20 lakh for micro, small enterprises
Mudra Yojana: FinMin notifies increase in loan limit to Rs 20 lakh for micro, small enterprises

In a notification on Thursday, the ministry said it has added a new category Tarun Plus for loans above Rs…

By MSME Desk
October 25, 2024 13:51 IST
GeM inks MoU with Sikkim govt to get state departments on public procurement portal
GeM inks MoU with Sikkim govt to get state departments on public procurement portal

Currently, 3,078 Sikkim-based sellers are on the GeM portal, of which 2,720 sellers are registered as micro sellers.  

By MSME Desk
October 24, 2024 18:38 IST
Cabinet approves Rs 1,000 crore VC fund for space startups; see details
Cabinet approves Rs 1,000 crore VC fund for space startups; see details

The average investment is expected to be Rs 150-250 crore per year, depending on the investment opportunities and fund requirements.

By MSME Desk
October 24, 2024 15:41 IST
Interest Equalisation Scheme for exporters: Check online application process, fee, documents required
Interest Equalisation Scheme for exporters: Check online application process, fee, documents required

Earlier this month, the Directorate General of Foreign Trade (DGFT) had extended the scheme for three months from September 30 to…

By MSME Desk
October 24, 2024 15:16 IST
Muthoot Finance raises $400 million through ECBs
Muthoot Finance raises $400 million through ECBs

The company said its order book peaked at over $1.3 billion with an oversubscription of 3.9x and final participation from…

By MSME Desk
October 23, 2024 19:06 IST
Microfinance portfolio declines, delinquencies rise, loans disbursed drop QoQ: Report
Microfinance portfolio declines, delinquencies rise, loans disbursed drop QoQ: Report

In terms of collection efficiency, there was an increase in the Net FF% (forward flow) rate from Mar’24 to Apr’24…

By MSME Desk
October 23, 2024 13:34 IST
circular economy, Supply Chains, job opportunities, sustainability, climate change, foreign multinationals, entrepreneurs, technology, energy consumption, carbon emissions
Avaana Capital closes $135 million fund to back climate focused startups

The fund is backed by institutional investors including the world’s largest climate fund GCF, US International Development Finance Corporation (DFC),…

By MSME Desk
October 23, 2024 11:10 IST
Mudra Yojana for MSMEs: Apply for up to Rs 10 lakh loan online for working capital requirement
Mudra Yojana for MSMEs: Apply for up to Rs 10 lakh loan online for working capital requirement

Credit provided under the scheme is for both term loan and working capital requirements in manufacturing, trading and service sectors,…

By MSME Desk
October 21, 2024 17:48 IST
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