Latest Articles in msmes
Actyv.ai Partners With Axis Bank To Offer Solutions For MSMEs
This partnership will enable corporate anchors, downstream dealers and trading partners to avail the Bank’s supply chain finance solutions
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MSMEs To Unlock $100 Bn Potential Of Rural India
Despite an increase in financing to MSMEs in recent years, the addressable credit gap in the MSME sector is estimated to be INR 25.8 trillion, which formal financial institutions can viably finance in the near term
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U GRO Capital Improves Cash-Flow For Over 13,000 MSMEs: Report
The report was recently released in the presence of honorary SIDBI Chairman, Sivasubramanian Ramann at a physical event organised by the company
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Five Startups Solving Business Requirements For MSMEs In India
According to the India Brand Equity Foundation (IBEF), India has over 6.3 crore MSMEs, which account for around 29 per cent of the country's GDP. In addition, the industry creates a number of job prospects in tier 2 and tier 3 industries
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CredAble Disburses $3 Billion To 1,50,000 SMEs In Last 12 Months
This comes at a time when the MSME sector which contributes 40 per cent to total exports in India continues to find itself in financial distress with only 16 per cent of them eligible for formal credit
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Bizongo’s Revenue Across Textile Hubs Grows 20X in 11 months
The steep rise in cotton prices and coal shortage has kept manufacturing units under pressure, increasing the need for MSMEs to seek credit to keep their production on track. Bizongo has been helping MSMEs with collateral-free and minimum documentation working capital lines
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Union Budget 2022: A New Hope For The Nation
The Union Budget for 2022-23 has announced several measures for the micro, small and medium enterprises (MSMEs) sector that included an extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023.ECLGS is a much-needed initiative that provides additional incentives to 130 lakh MSMEs and has immense scope to drive demand for warehousing and logistic sectors
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Govt Extends ECLGS Scheme For MSMEs Till Mar 2023; Thrust On Hospitality Sector
The additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to pre-pandemic levels.
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Simple, Secure, Scalable, And Self-Serve Is The Continuous Motto For Intellicus: Rajesh Murthy, VP, Intellicus Technologies
Data analysis is enabling startups and MSMEs in making informed decisions as it helps in identifying trends and patterns and uncovers hidden risks and potential next steps.
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In FY 2021-22, We've Opened 100 New Centers In 20 States Taking Its Presence To 311 Branches: Sanjay Sharma, MD, Aye Finance.
We will continue on this trajectory in the coming year as well strengthening our presence and bringing a larger number of micro entrepreneurs into the folds of formal economy.
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