Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight Covid-19
The special scheme will help MSEs to acquire equipment, plant and machinery, other assets including raw materials required for production or delivery of services.
Coverfox investor steps in to run company on an interim basis
Coverfox has also been on the lookout for fresh financing, to the tune of $50-$...
View: Govt must recognise the strategic importance of tech industry through policy
Indian VFs have to pay GST on their cost of running the fu...
25,000 small cos hire 12 employees each under Start-up India programme: Mahendra Nath Pandey
According to the minister, Start-up India is a flagship initiative of the government of India, intended to catalyse start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
29,017 startups recognised till February 26: Piyush Goyal
As on February 18, 2020, SIDBI has committed Rs 3123.20 crore to 47 SEBI registered Alternative Investment Funds (AIFs), he told the Lower House in a written reply.
Govt hikes allocation for Fund of Funds, Make in India prog in FY21 Budget
Startup India initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to growth of budding entrepreneurs.
Economic Survey: Disbursed Rs 37,106 cr under PSB Loans in 59 Minutes
The Survey gave a detailed analysis of all the measures undertaken to support the MSME sector in India to ensure better credit flow, technology up-gradation, ease of doing business and market access.
Sidbi eyes Rs 4,500 crore exit from Bandhan Bank’s Holding Co
Private equity investors as well as global public market investors are likely to begin discussions to acquire the stake, this person added.
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.
MFI industry seeks more refinance from DFIs in budget
Many of 200-odd MFIs operating in the country work as BCs for the banks for credit disbursements for which an 18 per cent GST is levied on overall borrowing by beneficiaries, said P Satish, executive director of Sa-Dhan, an association of MFIs.
PSU banks likely to disburse Rs 25,000 crore more to NBFCs
IndoStar has raised Rs 610 crore under PCG over past one month.
IL&FS money laundering case: Bail denied to 2 former officials
Former joint MD of the company, Arun K Saha, and MD of transportation network, K Ramchand had sought bail on the ground that ED had missed the deadline to file the charge sheet.
Venture funds constitute meagre share in private investments in India: Report
The study highlights that despite India being one of the fastest growing economies of the world, the Venture Capital (VC) asset class holds a meagre 17 per cent share of private investments in India and has witnessed low capital flows in the past few years.
Sidbi tests waters for a philanthropic bond
The financial institution has initiated discussions with wealth managers to market the concept.
Sidbi Venture Capital to invest Rs 25 crore in micro lender Janakalyan
Sidbi Venture Capital Ltd (SVCL) is all set to invest Rs 25 crore in Kolkata-based micro lender Janakalyan Consultancy & Services Pvt Ltd, founded last year by two former Axis Bank executives.
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