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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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FM announces credit guarantee scheme, other measures for MSMEs

The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …

PTI   


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4 mins read

MSMEs on a growth path with rise in credit demand, fall in delinquency rates: CIBIL-SIDBI report

Credit demand grew at 1.29 times YoY in the quarter ending September 2022. MSME lending continues …

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India’s small digital businesses have a capital problem and this will only grow

Indian digital small and medium sized enterprises (SMEs) are on a growth path but suffer from a wor…

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Digitalisation, credit growth, government policies to drive MSME growth, say experts

The report also shared a survey finding (published in June 2021) conducted by Bluehost, a web ho…

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3 mins read

MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity

The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a m…

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4 mins read

The significance of India-first innovations to make future-ready MSMEs a reality

Creating tailored solutions for Indian businesses that address their unique needs is crucial for di…

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The key to eliminating the MSME finance gap in emerging markets

While some experts believe survival will remain the top priority for micro, small, and medium-sized…

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3 mins read

Finance Ministry extends Emergency Credit Line Guarantee Scheme till March 2022

The government has been receiving demands from various industry bodies and other stakeholders to…

PTI   


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3 mins read

Financial Institutions Turning Towards MSME Lending

Almost every type and size of industry took a hit during the pandemic; MSMEs, however, were affe…

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2 mins read

Budget 2023-24: Positive for infra and credit growth

The budget for fiscal 2024 is growth-oriented and focuses on capital spending to stoke demand and u…

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1 min read

Double moratorium period to 6 mths, provide credit guarantee for MSME loans: IBA to RBI

Based on the representation made by various industry associations, a detailed and comprehensive li…

PTI   


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RBI cancels license of Pune-based Rupee Cooperative Bank, says 99% depositors will receive full refund

Interestingly, in its order, RBI outlined that the continuance of Rupee Cooperative Bank wou…

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1 min read

₹10 lakh crore - that's how much banks wrote off in the last 5 years

A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth ab…

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Garment producers demand ₹200 crore dues from Kishore Biyani's Future Group

The All India Garment Manufacturers & Vendors Association (AIGMVA) has demanded that Future Group o…

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1 min read

MSME Export Promotion Council hails govt resolve to support crisis-hit MSME sector

Lucknow, Jan 31 () The MSME Export Promotion Council (MSME-EPC) on Friday hailed the Centre's commi…

PTI   


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Bajaj Finance shares surge as Nirmala Sitharaman’s cash injection for both NBFCs and small businesses will benefit Sanjiv Bajaj’s company

The Bajaj Finance share price soared in early trading on Thursday, May 14, after the Indian governm…

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3 mins read

RBI announces incentive for lending to MSME, home, auto sectors

"As a part of this, it has now been decided that scheduled commercial banks will be allowed to ded…

PTI   


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Cash, capital and credit trickle down to small businesses at a frustratingly slow pace — tech can speed them up

While MSMEs were already finding it difficult to manage their cash flows including the rigorous …

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India’s central bank just gave the country’s small businesses a one-time breather from some of their bad loans — but with a few conditions

The scheme will only be applied to accounts with an outstanding value of ₹250 million or less. I…