At a landmark event in Delhi, PhonePe became the first fintech player in India to enable end-to-end digital Udyam registration for informal micro enterprises (IMEs) via the Udyam Assist Platform (UAP). The launch was attended by Union MSME Minister...
The Indian government has facilitated the disbursement of over ₹11 lakh crore in loans to women-led Self-Help Groups (SHGs) under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), Union Minister Shivraj Singh Chouhan announced. This achievement marks...
In a significant move to empower India’s micro, small and medium enterprises (MSMEs), DBS Bank India has waived all prepayment and foreclosure charges for borrowers registered under UDYAM. Announced on MSME Day, the waiver aims to improve financial agility...
India’s MSME sector has maintained a steady upward trajectory, with commercial credit demand growing 11% year-over-year in the Jan–Mar 2025 quarter, while portfolio growth reached 13% on the back of improved asset quality and increased originations to new borrowers.
According...
Government think tank NITI Aayog has recommended relaxing eligibility criteria for state-level schemes that offer subsidies on capital and interest for loans, aiming to enhance the competitiveness of micro, small, and medium enterprises (MSMEs) across India. In its report...
Public sector lender Indian Bank has announced an ambitious plan to disburse ₹20,000 crore to Self-Help Groups (SHGs) across India during the financial year 2025–26. The initiative, part of a nationwide credit outreach programme led by the Department of...
The State Bank of India (SBI) has introduced ‘SBI Asmita’, a collateral-free digital SME loan designed to support women entrepreneurs in expanding their businesses. The bank also unveiled the ‘Nari Shakti’ platinum debit card, catering to the diverse financial...
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 total loan amount disbursed under operative Kisan Credit Card (KCC) accounts has more than doubled in the last decade, rising from ₹4.26 lakh crore in March 2014 to ₹10.05 lakh crore in December 2024. This surge highlights improved...
Micro, Small, and Medium Enterprises (MSME) are the backbone of India's economy, contributing significantly to employment and industrial output. The government has prioritized financial inclusion for these enterprises, with schemes aimed at formalizing operations and easing access to credit....
