Are Indian fintechs chasing the same set of borrowers? Experts answer
Talking about the lending sector, Ashwini Anand, Founder, Monsoon CreditTech, believed that the Indian lending market was worth about $300 billion. For MSMEs, its about $70 billion. The advantage that Indian banks have in retail space is because of their low cost of capital advantage.
Public Credit Registry will be a great value add for MSMEs, says Rang De’s Ram NK
Rang De’s Ram NK says more awareness is needed to be create...
Budget 2020: Madam FM, P2P lending can help MSMEs
This year's Budget can look at specific tax rebates for lending to MSMEs which will help le...
SIDBI launches outreach programme for strengthening MSME ecosystem in Haryana
This is the nine outreach programme under the initiative. Eight programmes have already been organised in the states of Uttar Pradesh, Bihar, Uttarakhand, Gujarat, Maharashtra, Rajasthan, Telangana, and Kerala.
Govt mulls late repayment of loans for MSMEs to tide over coronavirus impact
"We have discussed various things including fiscal support... some kind of deferment to ease the whole thing. The issues related to GST were also discussed," said an official.
MSMEs prepare for layoffs, closures, if impact is felt beyond April
A complete lockdown to mitigate social spreading of the coronavirus may impact the revenue generation of manufacturing companies.
ETRISE Dialogues: Formalising informal sector is the key to MSME sector's growth: Experts
Highlighting how land acquisitions continue to be a tricky affair for MSMEs, Mahavir Pratap Sharma, Past Chairman, Carpet Export Promotion Council asserted that the government needs to come up with a clear cut policy regarding its ongoing land reforms.
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.
When is the Government going to respond? Businesses look for assistance as coronavirus starts hurting
With their very existence at stake, many businesses are wondering what’s taking govt so long to provide a bailout.
ETRise Top MSMEs Ranking: India’s most innovative companies. Are you one of them?
For the purpose of judging ‘innovation’ for the programme, we would be using much of the framework as outlined by OECD, along with certain changes in the criteria. Read on to find out more.
National logistics policy to be released soon: FM
The proposed policy will clarify the role of the Centre, states and also key regulators.
Fintech startups apply for NBFC licence as lending pays off big
Several fintech players say their growing expertise in underwriting loans through a stack of customer data can help them evolve into primary lenders — a transition that may see their revenue models change from fee-based to the more lucrative interest-based incomes.
ETRise Top MSMEs Ranking: Inaccurate that MSMEs don’t get finance easily, says banking official
In a panel discussion under ETRise Dialogue, a top official of the Union Bank of India said that MSMEs were getting loans sanctioned by banks, especially under the PSB loans in 59 minutes. The Bank, he said, was proactive in MSME funding.
India needs to prioritise solar rooftop among residential, industrial users: Report
For India to achieve its 100 GW solar energy target in just two years, by 2022, and to emerge as a leader in climate action, it needs to prioritise solar rooftop photovoltaic (PV) among two key users - residential buildings and the industrial sector.
Tracing the trajectory of the evolving MSME sector: Here’s what they need from a reliable financial partner
How MSME's can tide over their financial woes and emerge as multinationals of the future.
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