In a significant push to boost financial protection and insurance affordability, the Government of India has directed both public and private insurance companies to proactively pass on GST benefits to consumers and raise awareness around the recent GST exemptions...
India’s micro, small and medium enterprises (MSMEs) may find fresh momentum in the government’s latest overhaul of the Goods and Services Tax (GST) regime. With over 66 million enterprises forming the backbone of India's economy, the simplified framework is...
India’s micro and small enterprises (MSEs) are grappling with a persistent and growing challenge—delayed payments. Despite multiple government interventions and regulatory measures over the years, unpaid dues to MSEs have now crossed a staggering ₹50,000 crore, exposing significant cracks...
Prime Minister Narendra Modi on Tuesday emphasized the need for innovative credit delivery models to provide timely and low-cost financing to over six crore MSMEs across India. Speaking at a post-Budget webinar on MSMEs, he announced that five lakh...
Women in India are actively strengthening their financial participation, with credit monitoring among female borrowers rising by 42 percent in 2024, according to a new report by NITI Aayog, in collaboration with TransUnion CIBIL and MicroSave Consulting (MSC). The...
The Small Industries Development Bank of India (SIDBI) has entered into a strategic partnership with Tata Capital Limited (TCL) to enhance credit accessibility for Micro, Small, and Medium Enterprises (MSMEs). This collaboration aims to bridge funding gaps and provide...
The Reserve Bank of India (RBI) has proposed a significant policy shift that would eliminate foreclosure charges on floating-rate loans for individual borrowers and Micro, Small, and Medium Enterprises (MSMEs). This move aims to create a more borrower-friendly lending...
The Export Promotion Mission (EPM) announced in the Union Budget will prioritize schemes to support micro, small, and medium enterprises (MSMEs) by addressing export credit needs and promoting alternative financing options such as factoring. According to Santosh Kumar Sarangi,...
On Tuesday, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, outlining a comprehensive plan to boost growth and development across India. The total expenditure is estimated at Rs 48,20,512 crore, with a strong focus on nine priorities:
...
TransUnion CIBIL, in collaboration with NITI Aayog’s Women Entrepreneurship Platform (WEP), has launched Seher, a transformative initiative aimed at enhancing the financial literacy and business skills of women entrepreneurs. The initiative, a crucial part of WEP’s Financing Women Collaborative...
