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
Category: MSME-Startup
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,
Start-ups: Does one participate? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/start-ups-does-one-participate-121090601431_1.html The sky-high valuations are worrying, but can investors just ignore these companies? The Indian start-up scene is incredibly vibrant. Every week we hear
Account Aggregator: A new digital revolution in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-new-digital-revolution-in-india/articleshow/85955574.cmsSynopsis An Account Aggregator can, with the enterprise’s consent, furnish the data seamlessly to multiple banks to apply for a loan, accept the best
Reimagining credit for MSME borrowers – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/reimagining-credit-for-msme-borrowers/2324422/ The question of “Am I creditworthy?” is changing to “Who can understand my creditworthiness?” This technology-driven transition is visible in every step of
PLI Schemes: Chinese firms to be let in; MeitY assures industry that supply chains won’t be disrupted, other ministries to follow suit – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pli-schemes-chinese-firms-to-be-let-in-meity-assures-industry-that-supply-chains-wont-be-disrupted-other-ministries-to-follow-suit/2324472/ Though the assurance has been given by the ministry of electronics and IT to the hardware industry executives, who had made a representation
Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-loan-delinquencies-materially-increased-in-sme-retail-segments-npls-may-jump-50-in-2-years-moodys/2318358/ Credit and Finance for MSMEs: The retail and SME NPL ratio has increased at most banks rated by Moody’s. This included Punjab National
Foreign trade policy 2021-26- Can new FTP refuel India’s stagnant exports? – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/foreign-trade-policy-2021-26-can-new-ftp-refuel-indias-stagnant-exports-305852-2021-09-03 The uncertainties pertaining to Remission of Duties and Taxes on Export Products (RoDTEP) rates had put the exporters in a peculiar position It
Across the Aisle: No thanks to the government, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-no-thanks-to-the-government-writes-p-chidambaram/2324041/ Nevertheless, we must welcome the growth of 20.1 per cent because it shows what a country and its people can achieve notwithstanding an
Ease of Doing Business? From incorporation to listing, how regulatory burden is stifling MSME development – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-ease-of-doing-business-from-incorporation-to-listing-how-regulatory-burden-is-stifling-msme-development/2322244/ Ease of Doing Business for MSMEs: While the number of MSMEs has almost doubled since the previous MSME census, the share of micro-units
