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Former Karnataka Minister urges Modi to help MSME sector

His demand came in the light of the Centre announcing a slew of measures to revive the economy.

Nirmala Sitharaman’s latest stimulus brings cheers but industry expects more

The new measures are in line with a series of steps being taken by the NDA-II to arrest the slowing pace of economic activity witnessed across sectors.

In relief for MSMEs, not 1 will be declared NPA till Mar 2020

The FM also said banks have been told not to declare any stressed loan account of MSMEs a non-performing asset until March 2020.

Ahead of festive season, PSBs to go on lending spree

“… for every one customer who wants a loan, please give him, but for every one who you give now, you will bring five newer ones, fresh, somebody who has never taken a loan from a bank,” Sitharaman said.

No stressed MSME loan to be declared NPA till March 2020: FM Niramala Sitharaman

She said banks have identified some NBFCs that they can lend to so that liquidity and credit is made available to those seeking money.

Microfinance reaching less than 20% of potential household: Equifax’s Manu Sehgal

Reaching to last mile borrowers is going to be the key to NBFC-MFIs future growth, holds Manu Sehgal, Business Development Leader, Equifax.

How WhatsApp Business has become a popular tool for micro enterprises

Small businesses are finding Whatsapp Business an acceptable substitute for a website or app.

OkCredit raises another $67 million from Tiger, Lightspeed

OkCredit lets small business owners and their customers record credit and payment transactions digitally.

Infibeam Avenues to demerge SME e-commerce service, marketplace business

Through the demerger, Infibeam will continue to focus on digital payments and e-commerce enterprise platform solutions.

Indifi  makes key appointment in its Board of Directors

Fintech firm says by appointing Maninder Singh Juneja in its Board of Directors, it will leverage the former banker’s 25+ years of domain experience to ensure augmented growth strategy direction.

Google parent Alphabet-backed AyeFinance targets lending to 5 lakh micro SMEs

Google parent Alphabet-backed AyeFinance targets lending to 5 lakh micro SMEs

The Government has realised the need of the MSME sector and has started multiple schemes to encourage credit solutions for bottom of pyramid businesses, says Sanjay Sharma, cofounder & MD, AyeFinance.

PayU India launches multi-functional mobile app for merchants

PayU India launches multi-functional mobile app for merchants

Merchants can use the app to monitor their business performance and request for payments.

Restoring land for livelihoods, climate and economy

Restoring land for livelihoods, climate and economy

Better management of existing water systems, along with the use of more efficient irrigation technologies are essential.

Mid-market clients power Freshworks’ growth engine

Mid-market clients power Freshworks’ growth engine

CEO Mathrubootham believes firm’s unlocking large market potential by entering mid-market segment after serving small businesses.

Retailers have less in stock for festivals amid poor sentiment

Retailers have less in stock for festivals amid poor sentiment

Smartphone retailers said stocking for the month is down 30% over a year ago and is likely to remain low.

Alibaba-like MSME marketplace soon: Nitin Gadkari

Alibaba-like MSME marketplace soon: Nitin Gadkari

Bharat Craft to provide direct interface between buyers & sellers, turnover target of about Rs 10 lakh crore in next 2-3 years.

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