His demand came in the light of the Centre announcing a slew of measures to revive the economy.
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.
The FM also said banks have been told not to declare any stressed loan account of MSMEs a non-performing asset until March 2020.
“… 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.
She said banks have identified some NBFCs that they can lend to so that liquidity and credit is made available to those seeking money.
Reaching to last mile borrowers is going to be the key to NBFC-MFIs future growth, holds Manu Sehgal, Business Development Leader, Equifax.
Small businesses are finding Whatsapp Business an acceptable substitute for a website or app.
OkCredit lets small business owners and their customers record credit and payment transactions digitally.
Through the demerger, Infibeam will continue to focus on digital payments and e-commerce enterprise platform solutions.
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.
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.
Merchants can use the app to monitor their business performance and request for payments.
Better management of existing water systems, along with the use of more efficient irrigation technologies are essential.
CEO Mathrubootham believes firm’s unlocking large market potential by entering mid-market segment after serving small businesses.
Smartphone retailers said stocking for the month is down 30% over a year ago and is likely to remain low.
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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