The Small Industries Development Bank of India (SIDBI) has partnered with MonetaGo to deploy a digital public infrastructure solution that enhances transparency and security in MSME lending. The partnership marks the first-ever adoption of MonetaGo’s Secure Financing system by...
In a major step toward empowering women in business, Delhi Chief Minister Rekha Gupta has announced a new scheme offering collateral-free loans of up to ₹10 crore for entrepreneurs, with a special focus on women-led enterprises.
The initiative, unveiled at...
India’s Unified Payments Interface (UPI) has achieved a new milestone, crossing 500 million consumers and 65 million merchants nationwide, according to a joint report by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG). The...
In a move aimed at improving access to affordable finance for micro, small and medium enterprises (MSMEs), the National Small Industries Corporation (NSIC) has signed a Memorandum of Understanding (MoU) with Bank of Baroda under its MSME Credit Facilitation...
The Pension Fund Regulatory and Development Authority (PFRDA) has announced plans to introduce new pension schemes aimed at expanding coverage among gig workers, MSMEs, Farmer Producer Organisations (FPOs), and Self-Help Groups (SHGs). The announcement was made by PFRDA Chairman...
India’s banking and financial services sector is tightening lending norms for micro, small and medium enterprises (MSMEs) as early signs of stress begin to emerge. Amid rising delinquencies, especially in smaller loans, both banks and non-banking financial companies (NBFCs)...
In a renewed push to address long-standing credit bottlenecks faced by India’s micro, small and medium enterprises (MSMEs), the SME Chamber of India has submitted a detailed set of reform recommendations to the Department of Financial Services (DFS) and...
Fintech platform BillMart has launched a new credit line product — GigCash — tailored to meet the financial needs of India’s fast-expanding gig economy. Designed for platform-based workers such as delivery personnel, drivers, and freelancers, the initiative aims to...
Finance Minister Nirmala Sitharaman has urged Indian banks to deepen their engagement with micro, small and medium enterprises (MSMEs) and forge stronger ties with non-banking financial companies (NBFCs), positioning financial institutions as critical engines of growth in a volatile...
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...
