Direct Benefit Transfer: MSME beneficiary count in 2023-24 drops even as funds transferred up by 70%
The maximum number of DBT beneficiaries in 2023-24 were under the PM Vishwakarma scheme launched in September 2023.
Looking at the five-year data till FY24, invoice financing on TReDS has jumped 766 per cent from 4.8 lakh invoices…
The fund invests in SEBI-registered Category I and Category II AIFs called daughter funds which in turn invest in MSMEs.
Among public and private sector banks, public sector banks (PSBs) had the higher share of MSE loans (in industry and…
The five-year data showed that 15,918 small units grew into medium enterprises and 1,835 micro enterprises evolved into medium-sized entities…
For the uninitiated, former MSME Minister Nitin Gadkari in 2020 had targetted 40 per cent share of MSMEs in GDP by 2025…
The sector continued to see growth with a 26 per cent jump in gross loan portfolio to Rs 4.42 lakh…
Currently, traders including wholesale and retail traders are limited to raising bank credit under priority sector lending norms and hence…
“SMBs with a high level of data maturity adopt AI at twice the rate of their competitors,” the survey said…
“This problem (of NPAs) starved the nation of essential credit flow needed for development. Banks became reluctant to lend to…
FM Nirmala Sitharaman said the changes, if any, to the rule will have to be done in the full budget…
Infra.Market will deploy the capital to cater to newer global markets and enhance its presence across product verticals.
The estimated slowdown is in the backdrop of expected moderation in overall growth in bank credit by around 200 basis…
As part of the latest funding round led by Walmart, Flipkart today announced that it will be adding Google as…
The new angel fund with a corpus of around $15 million will invest in startups across sectors.
Cautioning NBFCs over lending based on historical data, Swaminathan J, Deputy Governor, RBI said there appears to be a fancy…
“While the long-term outlook for India remains strong, we nonetheless expect that 2024 will see deal activity somewhat subdued compared…
Traders currently can apply for Udyam registration under the MSME Ministry to only seek bank credit under priority sector lending…
