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 s...
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 t...
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.
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.
PSU banks likely to disburse Rs 25,000 crore more to NBFCs
IndoStar has raised Rs 610 crore under PCG over past one month.
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.
In more bad news,Q1 commercial credit dips by 2.6%: Sidbi data
According to the report, overall the commercial credit stood at Rs 63.80 lakh crore as of June 2019 as against Rs 65.52 lakh crore in March 2019 and is up 10.4 percent compared to Rs 57.81 lakh crore as of June 2018.
SIDBI joins hands with Incuspaze to open coworking space for MSMEs and startups
The fully furnished office space is equipped with training and conference room, fast-speed internet, reception, refreshment, recreational area, housekeeping facilities etc.
MSME Scheme: How the Micro Finance Programme is providing funds to small businesses
To ensure easy availability of finance, the Government offers the Micro Finance Programme wherein the security deposit of loans sought by MFIs and NGOs are financed by the Government.
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.
Govt keen to take startup story to small towns: DPIIT Secy
He vouched for regulatory measures even as he said the government would keep a hands-off approach to allow thriving of entrepreneurship in the country.
Our focus is on high-rated NBFCs who render service to MSMEs: SIDBI
SIDBI has been involved in a number of initiatives to upscale the MSME sector, including a new social credit model in the works. Mohammad Mu...
After IL&FS crisis, SIDBI says will continue to support good NBFCs
SIDBI says its focus has always been on qualitative, high rated NBFCs who are actually rendering some service to MSMEs.
SIDBI introduces web-based application system for contribution from Fund of Funds for Startups
SIDBI is the implementing agency for FFS with a corpus of Rs 10,000 crore on behalf of the Government.
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