Ahead of the full budget for the financial year 2024-25, the Federation of Indian Chambers of Commerce and Industry (FICCI) held a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman. During the meeting, FICCI called for revising the qualifying...
State Bank of India (SBI), the nation’s largest bank, has launched ‘SME Digital Business Loans’. This move is aimed at revolutionizing MSME lending by offering a digital loan journey with a sanction turnaround time of up to 45 minutes....
In a landmark achievement for small businesses and entrepreneurship in India, Mudra Loans under the Pradhan Mantri Mudra Yojana (PMMY) have surpassed the Rs. 5 trillion mark in disbursals during the fiscal year 2023-24. This milestone underscores the government's...
The International Finance Corporation (IFC), a member of the World Bank Group, has launched an $8 billion MSME Finance Platform aimed at boosting financing for micro, small, and medium enterprises (MSMEs). This initiative, announced on Tuesday, is designed to...
Fusion Micro Finance, a leading NBFC microfinance company, announced on Friday that it has entered into a $25 million loan agreement with the United States International Development Finance Corporation (DFC). This significant funding aims to enhance the company's business...
The Mumbai Bench of the National Company Law Tribunal (NCLT) has delivered a crucial ruling regarding the applicability of interest under the Micro, Small, and Medium Enterprises Development Act, 2006 (MSMED Act) in the context of the Insolvency and...
Poshn, a pioneering full-stack foodtech supply chain startup, recently announced a new funding achievement. The company has successfully raised $6 million, comprised of $4 million in equity and $2 million in debt. This funding round was led by Prime...
In a move highlighting the power of impact investment, Aavishkaar Capital has recently led a funding round that injected Rs 41 crore into Go DESi, a startup from Bengaluru that packages and sells traditional Indian snacks.
Exploring Aavishkaar India Fund...
The rollout of the Goods and Services Tax (GST) over six years ago under Prime Minister Narendra Modi's administration has left a lasting impact on India's economic landscape, particularly among micro, small, and medium enterprises (MSMEs). As the nation...
With the clock ticking towards the April 1 deadline, MSMEs are hustling to revise their agreements with traders and buyers in anticipation of the new 45-day payment rule. The lack of deliberation has led to apprehensions among MSMEs regarding...
