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...
India’s micro, small, and medium enterprises (MSMEs) have received an estimated ₹8 trillion in credit over the past three years, marking a period of unprecedented financial inclusion for the sector. According to FICCI-CMSME President Girish Luthra, this growth reflects...
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)...
The Reserve Bank of India (RBI) has issued a directive to eliminate pre-payment charges on all floating rate loans and advances. This reform, effective from January 1, 2026, is expected to ease the financial pressure on micro and small...
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 Udyam Registration, commonly known as MSME registration, is now accessible for traders. According to the government, individuals involved in retail or wholesale trading can now register and enjoy the benefits available to other registered entities under the MSME scheme....
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...
To enable virtual transactions via mobile phones between India &
Singapore the Monetary Authority of Singapore (MAS) and the Reserve
Bank of India (RBI) today launched the linkage between Singapore’s
PayNow and India’s Unified Payments Interface (UPI).
Indian customers of all participating Indian...
From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs.
The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in plant and machinery or equipment and...
With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia.
The Minister stated that India’s foreign exchange...
