Clipped from: https://www.financialexpress.com/economy/demand-seen-loan-guarantee-scheme-to-stay-through-fy22/2334991/ “There is also a chance that initially, it may be extended by three months through December 2021, which could be followed by another
Category: MSME-Startup
hdfc bank: India’s largest private lender, HDFC Bank, plots path to double retail loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-largest-private-lender-hdfc-bank-plots-path-to-double-retail-loans/articleshow/86388400.cmsSynopsis This would mark a sharp turnaround from the bank’s last year’s strategy when it slowed down retail lending due to a rise in
trade finance: Why trade finance is an important form of funding and how recent policy changes can strengthen it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/why-trade-finance-is-an-important-form-of-funding-and-how-recent-policy-changes-can-strengthen-it/articleshow/86313444.cmsSynopsis Trade finance is going to be an important form of resource raising for the foreseeable future – both for big corporates as well
Flipkart partners Davinta to offer credit facilities to MSMEs, kiranas – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/flipkart-partners-davinta-to-offer-credit-facilities-to-msmes-kiranas/2333027/ Flipkart Wholesale Senior Vice-President and Head Adarsh Menon said access to affordable and transparent credit is one challenge the company aims to solve.
6 examples of embedded finance that will transform the near future – The Financial Express
lipped from: https://www.financialexpress.com/money/6-examples-of-embedded-finance-that-will-transform-the-near-future/2330989/ Today, non-traditional financial players such as Amazon, Google, etc. are also trying their luck for market share in consumer financial services. Embedded finance
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
sme: 99% of Indian SMEs plan to offer contactless services on a permanent basis – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/99-of-indian-smes-plan-to-offer-contactless-services-on-a-permanent-basis/articleshow/86199664.cmsSynopsis The report stated that businesses which were partially digital before the pandemic moved their operations completely online last year. BANGALORE: With Covid-19 pandemic fueling the digital transformation
msme: ARCs may hunt MSME, retail assets as ground shifts: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/arcs-may-hunt-msme-retail-assets-as-ground-shifts-crisil/articleshow/86171056.cmsSynopsis ARCs have been facing headwinds in the past two fiscals, with assets under management (AUM) – as measured by security receipts (SRs) outstanding
Embedded Finance: Making loans available to new-to-credit rural customers – The Financial Express
Clipped from: https://www.financialexpress.com/money/embedded-finance-making-loans-available-to-new-to-credit-rural-customers/2330006/ Rural credit seekers continue to reel under the high interest rates and unfair practices despite the increase in access to technology. As not
SMBs eye offering contactless services permanently, more look to shift operations online – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-covid-impact-smbs-eye-offering-contactless-services-permanently-more-look-to-shift-operations-online/2330064/ Technology for MSMEs: Since the beginning of the pandemic, 59 per cent of SMBs respondents in India have expanded ways customers can reach
Small businesses expect easier credit access, better opportunities with post-Covid govt measures: Survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-small-businesses-expect-easier-credit-access-better-opportunities-with-post-covid-govt-measures-survey/2329936/ Ease of Doing Business for MSMEs: A substantial majority of the merchants believed that the government’s move in July this year to include
Loans – You need to submit proof of renovation for top-up home loan – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-you-need-to-submit-proof-of-renovation-for-top-up-home-loan/2329495/ Even if the loan is transferred to a new service provider, the construction period will remain the same as eight years, being more
Gross NPA of banks likely to cross ₹10 lakh crore by March 2022: Assocham-Crisil study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gross-npa-of-banks-to-cross-10-lakh-crore-by-march-2022-assocham-crisil-study/article36452200.ece?homepage=true This is expected mainly due to slippages in retail, MSME accounts Banks’ gross non-performing assets (GNPAs) are likely to exceed ₹10 lakh crore
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
Bank loans to NBFCs grow slower as credit to small lenders dries up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bank-loans-to-nbfcs-grow-slower-as-credit-to-small-lenders-dries-up/2328866/ Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book
Four things you may not know about P2P lending – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/four-things-you-may-not-know-about-p2p-lending/article36404029.ece?homepage=true Before you experiment with this latest fad, be aware of how these loan products work With interest rates on bank deposits at rock-bottom,
Picking up the threads – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/picking-up-the-threads/article36385534.ece PLI for man-made fibres is timely, but it should help MSMEs improve scale Following representations from industry, the Cabinet has approved certain changes
NBFCs should also lend to lower rated corporates: Principal economic advisor Sanjeev Sanyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-should-also-lend-lower-rated-corporates-principal-economic-advisor-sanjeev-sanyal/articleshow/86040782.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sanjeev Sanyal highlighted a need facilitate more funds flow to the lower corporates as most lending is to the top-rated borrowers. A recent
hdfc bank: HDFC Bank partners with NSIC to offer credit support to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/hdfc-bank-partners-with-nsic-to-offer-credit-support-to-msmes/articleshow/86002065.cms NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support
MSMEs welcome Income Tax rules tweak by govt to ease e-records authentication in faceless assessments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-welcome-income-tax-rules-tweak-by-govt-to-ease-e-records-authentication-in-faceless-assessments/2325850/ Ease of Doing Business for MSMEs: Under the existing provisions of faceless assessment, the EVC-led authentication process was not available to certain companies,
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