The gross bank credit by scheduled commercial banks to MSMEs under priority sector lending norms grew by 18.1% in April 2024. This growth is notable compared to the previous year, according to the latest data from the Reserve Bank...
NBFC the Non-Banking financial companies have grown considerably in the India financial system alongside with mainstream Banks and leading organizations. This has happened over time with efficiency and diversity in terms of products, services, asset quality and strong regulatory...
Retail and wholesale traders and Wholesalers tops the list in MSME sector
based on the number of registrations on the Udyam portal.
The data as of February 2, 2023, out of around 1.38 crore Udyam-registered
MSMEs in the top 10 categories contributed...
The growth of the Indian Economy came into place with the significant role of Micro, Small and Medium Enterprises or MSMEs. Moreover, MSMEs have been playing a crucial part in the upliftment of the country’s socioeconomic arena. Their chief...
The progressing emergency of confidence in non-banking financial organizations NBFCs may turn out to be a delay financial development, as balance sheet constraints and higher funding expenses may provoke these shadow banks to back off loaning, cautions a report.
In...
Flexiloan, an online financing platform, based out of Mumbai and provides the small and medium-sized enterprises with unsecured working capital loans. It was founded in November 2015 and integrated in 2016.
Lending process in a Flexiloan is entirely online. It...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
