PM Modi launches financing facility worth Rs 1 lakh crore under Agriculture Infrastructure Fund
PM Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer-beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
Cabinet nod for Rs 1 lakh crore agri-infra fund
The Agri-Infra Fund was part of the Rs 20 lakh crore stimulus package announced in response t...
Buy Federal Bank, target price Rs 60: ICICI Securities
The bank’s strength lies in granularity of deposits, high LCR and marginal stress bagg...
Government’s Rs 3 lakh crore MSME package best disbursed via digital MSME underwriting
If credit is not disbursed judiciously then the much need MSME credit guarantee package may not create the full bank-for-the buck.
MSMEs with stressed A/cs to get a lifeline, too
The special package for micro, small and medium enterprises (MSMEs) will also include accounts that are stressed or are on the verge of being declared nonperforming (NPAs), throwing a lifeline to these companies.
Government guarantee could spur lending to MSMEs
Finance minister Nirmala Sitharaman announced that Rs 3 lakh crore of collateral-free loans will be offered to MSMEs of upto 20% of their loan oustanding at the end of Febraury.
Budget 2020: What did MSMEs and Startups get?
The Finance Minister said that the amendments in the Factor Regulation Act 2011 which will enable NBFCs to extend invoice financing to the MSMEs through TReDS, which will enhance their economic sustainability.
NBFCs can now be a part of TReDS, subordinate debt available for MSMEs
The FM announced that an app-based invoice financing loans product would also be launched. “This will obviate the problem of delayed payments and cash flow mismanages for MSMEs,” she added.
ETRise Top MSMEs Ranking: Union Bank CMD says conventional credit worthiness model does disservice to millions of entrepreneurs
Union Bank follows the mantra of ‘Adequate Credit at Appropriate Time’ for MSMEs. It has worked to enhance access and improve the service experience through dedicated branches, equipped with skilled manpower and technology support, and centralised credit underwriting to enhance quality and reduce turnaround time (TAT) significantly.
How structured trade finance solutions help MSME exporters & importers
India's MSMEs and their business owners are finding new-age digital start-ups and alternate lending platforms to be the most effective institution to disperse credit.
MSME Schemes: Using the Credit Guarantee Scheme to fund your business
MSMEs need easy credit facilities to fulfil the financial requirements of their business. The DCE's Credit Guarantee Scheme provides easy, collateral free credit facilities to MSMEs.
MSME lending now fuelled by digitisation and data driven decisions
The latest TransUnion CIBIL- SIDBI MSME Pulse Report shows that commercial credit growth recovery continues at 13.5% YOY growth in the September 18 quarter.
MSE credit cover fund not self-sustaining: RBI
Guarantee of such funds to step in should the borrower default allows borrowers, many of who would otherwise not be eligible for the loans, to get loans at a small fee.
We are mulling increasing funding limits under CGTMSE scheme: MSME Minister Kalraj Mishra
MSME minister Kalraj Mishra said his ministry was considering increasing the funding limits under the CGTMSE schemes for borrowers.
Bharathiya Mahila Bank to open branch in Kerala
The bank would soon have branches in all state capitals as part of its expansion plan and it would have a total of 25 branches by the end of March 2014.