News

UGRO CAPITAL LIMITED APPOINTS MR. OM SHARMA AS CHIEF OPERATING OFFICER  In a strategic move aimed at reinforcing its leadership and digital initiatives in empowering MSMEs, UGRO Capital is pleased to announce the appointment of Mr. Om Sharma as its Chief Operating Officer (COO). As the COO of UGRO Mr. Sharma would provide strategic supervision to UGRO’s strong 140-member in-house technology team and over 200-member strong operations team. An alumnus of the prestigious Indian School of Business (ISB) with an MBA in Strategy and Finance and a Mechani...
UGRO CAPITAL LIMITED APPOINTS MR. OM SHARMA AS CHIEF OPERATING OFFICER
UGRO CAPITAL LIMITED APPOINTS MR. OM SHARMA AS CHIEF OPERATING OFFICER
Source: PR Agency
2/09/2023 3:37:15 PM
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber PHD Chamber of Commerce and Industry in association with Invest India and Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India organized the “Unnati India Opportunity Series - Investment Roadshow” on 29th August 2023, Tuesday.   Ms. Manmeet Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry reiterated that the government’s practices and poli...
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
Source: PR Agency
31/08/2023 2:32:36 PM
There is global optimism in Indian economy, says PM Narendra Modi Prime Minister Narendra Modi on Thursday while virtually addressing the G20 trade and investment ministers’ meeting in Jaipur, said that there is "global optimism and confidence in the Indian economy. India is seen as a combination of openness, opportunities and options". "During the last nine years, India has become the fifth largest global economy. This is the result of our sustained efforts. We embarked on the journey of ‘Reform, Perform, and Transform’ ...
There is global optimism in Indian economy, says PM Narendra Modi
There is global optimism in Indian economy, says PM Narendra Modi
Source: IANS
24/08/2023 10:21:21 AM
PHDCCI submits recommendations related to housing, banking, foreign trade to RBI The PHD Chamber of Commerce and Industry (PHDCCI) has submitted several recommendations on issues related to the housing sector, banking and foreign trade to RBI Governor Shaktikanta Das. Amidst global economic challenges and ongoing pandemic impact, it made a strong case for lowering housing sector interest rates to stimulate growth. It said lower rates can invigorate investments, bolster consumption, enhance competitiveness, and aid industries facing headwinds. The chamber highlighted se...
PHDCCI submits recommendations related to housing, banking, foreign trade to RBI
PHDCCI submits recommendations related to housing, banking, foreign trade to RBI
Source: Accord Fintech
23/08/2023 11:29:58 AM
PDHCCI organised a Conference on IP Commercialisation & Technology Transfer for MSMEs PHDCCI organised a Conference on IP Commercialisation & Technology Transfer for MSMEs on 18th August 2023 at PHD House, New Delhi. Mr. Kirit Javali, Co-Chair of the Law & Justice Committee at PHDCCI highlighted the numerous schemes available for the Micro, Small, and Medium Enterprises (MSMEs) sector in recent years. He pointed out the practical challenges and issues faced by this sector. In his delivery, he emphasized the significance of funding and copyright concerns....
PDHCCI organised a Conference on IP Commercialisation & Technology Transfer for MSMEs
PDHCCI organised a Conference on IP Commercialisation & Technology Transfer for MSMEs
Source: PR Agency
19/08/2023 2:35:00 PM
Cabinet approves expansion of Digital India programme to boost digital economy of India In an effort to boost the digital economy of India, drive digital access to services and support India’s IT and electronics ecosystem, the Union Cabinet has approved the expansion of the Digital India programme with an outlay of Rs 14,903 crore. Digital India programme was launched on July 1, 2015 to enable digital delivery of services to citizens. It has proved to be a very successful program. Under the Digital India programme, 6.25 lakh IT professionals will be re-skilled and up-sk...
Cabinet approves expansion of Digital India programme to boost digital economy of India
Cabinet approves expansion of Digital India programme to boost digital economy of India
Source: Accord Fintech
17/08/2023 2:17:14 PM
Over INR 400 crore of loans were availed by women-run MSMEs In FY 2023, states NeoGrowth Impact Report Women-run small and medium enterprise (MSME) customers availed INR 430 crore worth of loans accounting for a significant portion (24%) of overall loans (total disbursals of close to INR 1,900 Cr. in FY 2023) disbursed to MSMEs, according to the NeoGrowth Impact Report 2023.The report stated that more than 2600+women-ownedMSMEs availed business loans in the last fiscal year. NeoGrowth is an MSME-focused digital lender in India, leveraging the digital ecosystem. Released annually, the 9th ed...
Over INR 400 crore of loans were availed by women-run MSMEs In FY 2023, states NeoGrowth Impact Report
Over INR 400 crore of loans were availed by women-run MSMEs In FY 2023, states NeoGrowth Impact Report
Source: PR Agency
17/08/2023 12:23:51 PM
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr The Union Cabinet on Wednesday approved the expansion of the Digital India programme with an outlay of Rs 14,903 crore.  Minister for Railway, Electronics and IT Ashwini Vaishnaw, while addressing a press conference after the meeting of the Union Cabinet, said that 6.25 lakh IT professionals will be re-skilled and up-skilled under FutureSkills Prime programme.  The Digital India programme was first launched in 2015 by the Centre and now under its ambit, 2.65 lakh people will b...
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr
Cabinet okays expansion of Digital India programme with outlay of Rs 14,903cr
Source: IANS
16/08/2023 6:02:34 PM
SBFC shares closes at 92 per share; 62% above its issue price SBFC Finance Limited, a systemically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals makes a strong debut on the exchanges to close over 62% premium. The scrip listed Rs 81.99 per share on BSE and Rs 82 per share on NSE, at a premium of 43.84% and 43.86% re...
SBFC shares closes at 92 per share; 62% above its issue price
SBFC shares closes at 92 per share; 62% above its issue price
Source: PR Agency
16/08/2023 5:32:19 PM
Aditya Birla Finance presents 'Udyog Plus' - An Innovative One-Stop Business Platform for MSMEs Aditya Birla Finance Ltd. (ABFL), the lending subsidiary of Aditya Birla Capital, presents Udyog Plus, an innovative one-stop business platform designed for MSME customers. This new B2B digital platform offers a wide range of financial solutions, including financing, protection, investments, advisory and value-added services for Rajasthan's growing MSME sector. Through Udyog Plus, ABFL aims to facilitate the growth and development of MSMEs in Rajasthan by empowering them with crucial fina...
Aditya Birla Finance presents 'Udyog Plus' - An Innovative One-Stop Business Platform for MSMEs
Aditya Birla Finance presents 'Udyog Plus' - An Innovative One-Stop Business Platform for MSMEs
Source: PR Agency
10/08/2023 12:29:08 PM
Shiprocket Launches E-commerce Trends Report with ONDC at SHIVIR; Forecasts Consumer Spending in India to Exceed $4 trillion by 2030  Shiprocket, India’s leading eCommerce enablement platform, launched a detailed trends report titled “eCommerce in the New Bharat and it’s Future” today at its flagship event Shiprocket SHIVIR 2023 in New Delhi.    The report launched by Shiprocket’s CEO & Co-Founder, Saahil Goel, along with Mr. T Koshy, MD, & CEO of ONDC, and Bhaveh Pitroda, CEO, Images Group, is in line with Shiprock...
Shiprocket Launches E-commerce Trends Report with ONDC at SHIVIR; Forecasts Consumer Spending in India to Exceed $4 trillion by 2030
Shiprocket Launches E-commerce Trends Report with ONDC at SHIVIR; Forecasts Consumer Spending in India to Exceed $4 trillion by 2030
Source: PR Agency
9/08/2023 2:32:31 PM
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance Central Bank of India is currently trading at Rs. 31.10, up by 0.24 points or 0.78% from its previous closing of Rs. 30.86 on the BSE. The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 31.54 and Rs. 30.86 respectively. So far 1535827 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 17.65 on 10-Aug-2022. Last one week high and low of the scrip stood ...
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance
Source: Accord Fintech
9/08/2023 2:22:33 PM
RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades Retailers Association of India (RAI) announced a Memorandum of Understanding (MoU) with the Facilitating MSMEs Tamil Nadu (FaMeTN). Under the MoU, RAI will play a key role in the development of Retail Policy in the state, collaborating extensively with FaMeTN to support the retail industry and MSMEs. RAI will facilitate important discussions between FaMeTN and member retail MSMEs, helping to understand their needs regarding skill development, branding and marketing, capital, compliance, an...
RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades
RAI signs MoU with FaMeTN, Government of Tamil Nadu to Support MSME Trades
Source: PR Agency
8/08/2023 12:26:51 PM
SBFC Finance IPO subscribed 70.16 times on Final Day led by QIB and NII Initial Public Offering (IPO) of Delhi-NCR-based SBFC Finance Ltd, is a systemically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals was subscribed 70.16 times on the final day of bidding led by QIB and NII. The issue received bids of 9,36,67,32,1...
SBFC Finance IPO subscribed 70.16 times on Final Day led by QIB and NII
SBFC Finance IPO subscribed 70.16 times on Final Day led by QIB and NII
Source: PR Agency
8/08/2023 11:19:12 AM
Pharmaceutical companies having annual turnover of over Rs 250 crore will have to mandatorily adopt GMP: Mansukh Mandaviya Union Health Minister Mansukh Mandaviya has said pharmaceutical companies having an annual turnover of over Rs 250 crore will have to mandatorily adopt Good Manufacturing Practices (GMP) within six months. The minister said while those with a turnover of less than Rs 250 crore will have to do so in a 12-month time. He added those who fail to follow the timelines may be penalised as per the provisions of the law. Further, he said that the draft of Schedule M of the Drugs and Cosmetics Act p...
Pharmaceutical companies having annual turnover of over Rs 250 crore will have to mandatorily adopt GMP: Mansukh Mandaviya
Pharmaceutical companies having annual turnover of over Rs 250 crore will have to mandatorily adopt GMP: Mansukh Mandaviya
Source: Accord Fintech
3/08/2023 10:26:16 AM
Union Minister for MSME Shri Narayan Rane To be Chief Guest of SMEStreet-DealPlexus Ek Nayi Udaan`s MSME Influencers Forum 2023 On August 4, 2023, at the India Habitat Centre, New Delhi, a mega program is getting organized by SMEStreet in association with DealPlexus – ‘Ek Nayi Udaan’ MSME Influencers Forum 2023. This nationwide initiative is aimed at rejuvenating the entrepreneurial spirit and boosting their contributions to the 5 Trillion dollar Economy target. The Union Cabinet Minister for MSME Ministry, Shri Narayan Rane, has confirmed his presence as the Chief Guest f...
Union Minister for MSME Shri Narayan Rane To be Chief Guest of SMEStreet-DealPlexus Ek Nayi Udaan`s MSME Influencers Forum 2023
Union Minister for MSME Shri Narayan Rane To be Chief Guest of SMEStreet-DealPlexus Ek Nayi Udaan`s MSME Influencers Forum 2023
Source: PR Agency
1/08/2023 12:18:41 PM
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share SBFC Finance Limited (”Company”) is a systemically important, non- deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at ? 54 to ? 57 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer&rdq...
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share
SBFC Finance Limited`s Initial Public Offering to open on Thursday, August 3, 2023, sets price band at 54 to 57 per Equity Share
Source: PR Agency
1/08/2023 11:49:43 AM
Hopeful of finalising certain FTAs in next few months: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). He stated ‘We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many ...
Hopeful of finalising certain FTAs in next few months: Piyush Goyal
Hopeful of finalising certain FTAs in next few months: Piyush Goyal
Source: Accord Fintech
31/07/2023 10:18:35 AM
SIDBI anchors INR 700 cr `Promising Lenders Fund` in partnership with Vivriti Asset Management Towards building an ecosystem to support Micro, Small and Medium Enterprises (MSMEs), SIDBI has participated as an anchor investor in Promising Lenders Fund (PLF) managed by Vivriti Asset Management (VAM), with an aggregate target corpus of INR 700 crores in two phases. The Fund was co-conceptualised by SIDBI and Vivriti with dual objectives of providing necessary debt capital to microenterprises and building...
SIDBI anchors INR 700 cr `Promising Lenders Fund` in partnership with Vivriti Asset Management
SIDBI anchors INR 700 cr `Promising Lenders Fund` in partnership with Vivriti Asset Management
Source: PR Agency
26/07/2023 5:21:28 PM
Central banks need to incorporate climate-related risks into supervisory frameworks: RBI Deputy Governor Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has said that central banks need to incorporate climate-related risks into their supervisory frameworks in order to contribute to the development of frameworks and standards for green finance. He said these frameworks can help promote transparency, standardization, and integrity in the green finance market. He stressed that financing the new green ventures alone will not be enough and there is a need for credible transition plans for...
Central banks need to incorporate climate-related risks into supervisory frameworks: RBI Deputy Governor
Central banks need to incorporate climate-related risks into supervisory frameworks: RBI Deputy Governor
Source: Accord Fintech
26/07/2023 11:46:13 AM
Defence production in India has crossed the figure of Rs 1 lakh crore: MoS Defence The value of India's defence production has crossed the figure of Rs one lakh crore for the first time ever during financial year 2022-23, the Parliament was told on Friday. In a written reply in the Lok Sabha, Minister of State for Defence Ajay Bhatt said that the government has taken several policy initiatives in the past few years and brought in reforms to encourage indigenous design, development, and manufacture of defence equipment by Indian industry, including MSMEs and start-ups...
Defence production in India has crossed the figure of Rs 1 lakh crore: MoS Defence
Defence production in India has crossed the figure of Rs 1 lakh crore: MoS Defence
Source: IANS
22/07/2023 9:30:26 AM
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments More than 120 CEOs/founders of online skill gaming companies and game developers along with all the industry bodies have written to the PMO and relevant ministries in the interest of protecting the online skill gaming industry. On Tuesday, the GST Council announced to impose a 28 per cent tax on online gaming at the full-face value, shocking the industry and leaving them in significant distress. Currently, the industry is paying 18 per cent GST on GGR/ Platform Fee. The letter highlight...
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments
Source: IANS
15/07/2023 12:52:13 PM
Turning jobseekers into job-givers key goal of Government: V Anantha Nageswaran Chief Economic (CEA) Adviser V Anantha Nageswaran has said that turning jobseekers into job-givers is an important goal of the government and many steps have been taken in recent years to achieve this objective.  He stated 'It relieves pressure on the job market. In terms of financing, the credit guarantee scheme that was launched during Covid, and continued until this year, has done a wonderful job in ensuring that the MSME space remains vibrant.' Citing a study, he said the ...
Turning jobseekers into job-givers key goal of Government: V Anantha Nageswaran
Turning jobseekers into job-givers key goal of Government: V Anantha Nageswaran
Source: Reuters
14/07/2023 9:55:27 AM
Tata Technologies express interest to invest Rs 2,000 crore in Karnataka Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing Rs. 2,000 crore. Representatives of the leadership team of the company met large and medium industries minister MB Patil at Vidhana Sabha on Wednesday and submitted the proposal in this regard. Minister said that the company has intended to set up these centres to facilitate particularly the MSMEs. The proposal is to set up the centres through the PPP model where Ta...
Tata Technologies express interest to invest Rs 2,000 crore in Karnataka
Tata Technologies express interest to invest Rs 2,000 crore in Karnataka
Source: IANS
13/07/2023 12:25:22 PM
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103 As a leading non-banking finance company (NBFC) focused on micro, small, and medium enterprises (MSMEs), TruCap has disbursed ~INR 2.61 billion in the quarter ended June’23 vs. ~INR 2.37 billion in Mar’23 and ~INR 1.64 billion in Jun’22 translating to an AUM in excess of INR ~6.5 billion with over 65,000+ active borrowers. Cumulatively, the company has disbursed INR ~20.8 billion to more than 1,90,000 borrowers over the last five years. A strategic roadmap the company ado...
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
Source: PR Agency
12/07/2023 12:55:21 PM
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India Global asset management firm Varanium Capital on Tuesday announced the first close of its maiden venture debt fund worth Rs 250 crore. The fund would provide financing to 100 early and growth-stage startups in India through a mix of revenue-based financing and traditional venture debt. Varanium Capital manages nearly $1 billion of assets across the asset classes including structured debt, portfolio management services (PMS), and venture capital fund. “Venture debt fund will pro...
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India
Varanium Capital`s Rs 250 cr fund to empower 100 startups in India
Source: IANS
4/07/2023 11:33:31 AM
Banks` net interest margin grows 46 bps to 3.3% in Q4FY23: Care Ratings Care Ratings in its latest report has said that banks' net interest margin (NIM), a key profitability gauge, grew 46 basis points (bps) to 3.3 per cent in the January-March quarter (Q4FY23), driven by slower deposit rate resetting. This has helped lenders register a 29.5 per cent increase in their net interest income during the period. Net interest income (NII), which is the money that banks earn from lending and paying to depositors, rose to Rs 1.83 lakh crore in Q4FY23 due to healthy lo...
Banks` net interest margin grows 46 bps to 3.3% in Q4FY23: Care Ratings
Banks` net interest margin grows 46 bps to 3.3% in Q4FY23: Care Ratings
Source: Accord Fintech
3/07/2023 12:54:49 PM
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal Commerce & Industry Minister Piyush Goyal has asked the Indian banks to ensure enhanced and affordable credit to MSMEs to achieve the target of 1 trillion dollar merchandise exports, in a meeting with bankers on export credit to MSME exporters. Based on Export Credit Guarantee Corporation’s (ECGC) experience under the scheme of enhanced cover, ECGC has now proposed further modifications to make available adequate and affordable credit to a larger section of MSME exporters. The produ...
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal
Source: Accord Fintech
30/06/2023 3:10:13 PM
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal   Commerce Minister Piyush Goyal has asked banks to ensure enhanced and affordable credit to MSMEs to achieve the target of $1 trillion merchandise exports by 2030. He gave these directions during a meeting called recently to discuss the issue of increasing the availability of export credit to the MSME exporters. The meeting was attended by top officials of 21 banks including the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of In...
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
Source: IANS
30/06/2023 10:54:38 AM
Bank of India inaugurates its `Centralized Pool Buy-Out and Co-Lending Cell` in Mumbai to boost priority sector lending The Digital Platform and partnerships with NBFCs will facilitate more beneficial deployment of resources while making credit available to unserved and underserved segments   Bank of India today announced the launch of its ‘Centralized Pool Buy-Out and Co-Lending Cell’ in Mumbai, inaugurated by Shri Rajneesh Karnatak – MD & CEO on 26 June 2023. The Cell will be equipped with a...
Bank of India inaugurates its `Centralized Pool Buy-Out and Co-Lending Cell` in Mumbai to boost priority sector lending
Bank of India inaugurates its `Centralized Pool Buy-Out and Co-Lending Cell` in Mumbai to boost priority sector lending
Source: PR Agency
30/06/2023 10:49:44 AM
Agri-tech VC firm Omnivore raises Rs 1,230 cr in 1st close of third fund Agri-tech focused venture capital firm Omnivore on Wednesday announced the first close of its third fund at $150 million (over Rs 1,230 crore). Launched in 2022, the Omnivore Agritech and Climate Sustainability Fund will continue to focus on startups developing breakthrough technologies for agriculture, food, climate, and the rural economy.   With the third fund, Omnivore expects to make 25-30 new investments in Seed and Series A rounds of agritech startups and MSMEs, with initial ...
Agri-tech VC firm Omnivore raises Rs 1,230 cr in 1st close of third fund
Agri-tech VC firm Omnivore raises Rs 1,230 cr in 1st close of third fund
Source: IANS
28/06/2023 3:25:44 PM
Salesforce launches `Starter` for MSME businesses in India Enterprise software major Salesforce on Tuesday announced the launch of Salesforce 'Starter' for Micro, Small and Medium Enterprise (MSME) businesses in India. Starter is customer relationship management (CRM) that includes sales, service and email outreach tools in one suite, helping companies get started -- so they have the tools to improve customer experiences, reduce costs, and drive revenue "SMBs are the backbone of any economy and faster adoption of digital technologi...
Salesforce launches `Starter` for MSME businesses in India
Salesforce launches `Starter` for MSME businesses in India
Source: IANS
28/06/2023 9:32:50 AM
Kerala rolls out insurance scheme for MSMEs In a boost to the Micro, Small, and Medium Enterprises (MSME) in Kerala, state Law, and Industries & Coir Minister P. Rajeeve on Tuesday announced that an insurance scheme for the segment will be rolled out soon, with the state government bearing 50 per cent of the premium with a monetary cap. Making the announcement while inaugurating the International MSME Day celebrations here, he also unveiled other schemes that will rev up the MSME sector considering its vital role in the state&rs...
Kerala rolls out insurance scheme for MSMEs
Kerala rolls out insurance scheme for MSMEs
Source: IANS
28/06/2023 9:23:37 AM
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital Fintech company Lendingkart on Tuesday said it has raised Rs 200 crore in long-term debt funding from growth-stage debt financing platform EvolutionX Debt Capital. The company said it will use the funds to drive its growth as it looks to build on its profitable yearly numbers in FY23 and drive its core business growth by enabling financing for a much higher number of MSMEs across the country. Lendingkart will continue to invest in its tech capabilities which bolster its lending platform...
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
Source: IANS
27/06/2023 5:35:31 PM
Empowering Rural Women Entrepreneurs: Enhancing Financial Well-being with FIA Global FIA Global, a woman-led organisation offers a comprehensive range of sachet financial services through its state-of-the-art fintech platform that is powered by artificial intelligence (AI). These services are designed for women and women-owned businesses and other financially excluded populations who live or work in underserved geographies and economically backward areas in India. FIA Global uses its deep-tech expertise, including investments in AI and developing AI skillsets; in...
Empowering Rural Women Entrepreneurs: Enhancing Financial Well-being with FIA Global
Empowering Rural Women Entrepreneurs: Enhancing Financial Well-being with FIA Global
Source: PR Agency
27/06/2023 9:17:08 AM
U GRO Capital empowers MSMEs with #TICKETTOBIGDREAMS this MSME day U GRO Capital, a leading DataTech NBFC focused on MSME lending, is proud to announce the launch of its #TicketToBigDreams campaign on the occasion of World MSME Day. This innovative campaign aims to highlight the significance of MSMEs and their crucial credit needs, while showcasing UGRO Capital's expertise in providing customized financing solutions. The #TicketToBigDreams campaign centers around the concept of a pre-approved loan letter acting as a catalyst for MSME owners, enabling ...
U GRO Capital empowers MSMEs with #TICKETTOBIGDREAMS this MSME day
U GRO Capital empowers MSMEs with #TICKETTOBIGDREAMS this MSME day
Source: PR Agency
26/06/2023 3:57:48 PM
Quote on World MSME Day 2023 By Saahil Goel, CEO and Co-founder, Shiprocket Below Quote By Saahil Goel, CEO and Co-founder, Shiprocket   At the core of Shiprocket lies a profound conviction in the immense potential of MSMEs, and our unwavering commitment is to empower them through our technology-driven solutions, serving as their Growth Partners. Our primary focus is to establish an inclusive and accessible ecosystem that equips small businesses from tier 2 and 3 cities across India with the necessary e-commerce tools to thrive. On World MSM...
Quote on World MSME Day 2023 By Saahil Goel, CEO and Co-founder, Shiprocket
Quote on World MSME Day 2023 By Saahil Goel, CEO and Co-founder, Shiprocket
Source: PR Agency
23/06/2023 10:23:43 AM
New Investment to Support Green Finance for Micro, Small and Medium Businesses in India IFU has invested DKK 200 million in UGRO Capital, which is a lending platform for small businesses in India. The investment will assist UGRO Capital in growing their business and increase focus on providing lending that supports the green transition. The investment is made on behalf of the Danish SDG Investment Fund, which is backed by large Danish pension funds and private investors.   Micro, Small and Medium Businesses (MSME) are one of the strongest drivers of economic developme...
New Investment to Support Green Finance for Micro, Small and Medium Businesses in India
New Investment to Support Green Finance for Micro, Small and Medium Businesses in India
Source: PR Agency
21/06/2023 1:40:05 PM
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24 SMEStreet is excited to Welcome Mr Deepak Maheshwari as the chairperson of 2023’s MSME & Startups - Finance & Growth Committee of SMEStreet League of Mentors. Mr Maheshwari will also be the permanent Mentor of the SMEStreet League of Mentors which aims to ensure easy access of expertise for MSMEs and Startups.     “Finance for MSMEs and scaling of Startups are very crucial areas requiring serious attention for the growth of our co...
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24
SMEStreet League of Mentors Proudly Welcomes Mr Deepak Maheshwari as the Chairperson for MSME & Startups - Finance & Growth Committee of 2023-24
Source: PR Agency
20/06/2023 12:47:09 PM
Naapbooks shines on entering into MoU with MSME Promotion Council, New Delhi Naapbooks is currently trading at Rs. 84.00, up by 3.00 points or 3.70% from its previous closing of Rs. 81.00 on the BSE. The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 84.00 and Rs. 84.00 respectively. So far 1600 shares were traded on the counter. The BSE group 'MS' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.00 on 14-Feb-2023 and a 52 week low of Rs. 49.00 on 23-Dec-2022. Last one week high and low of the scrip stood at Rs. 84.00 a...
Naapbooks shines on entering into MoU with MSME Promotion Council, New Delhi
Naapbooks shines on entering into MoU with MSME Promotion Council, New Delhi
Source: Accord Fintech
19/06/2023 3:28:48 PM
Escrowpay partners with Eqaro Guarantees Partnership to Unlock new growth opportunities for MSME’s and Emerging businesses Escrowpay, India’s first digital escrow platform, has announced its collaboration with Eqaro Guarantees, a technology-led Financial Guarantees company in India. The agreement signed between the two companies both unique first models and pioneers within their respective categories, will unlock growth opportunities for MSME’s and emerging businesses and help create an integrated trust eco...
Escrowpay partners with Eqaro Guarantees
Escrowpay partners with Eqaro Guarantees
Source: PR Agency
14/06/2023 3:51:04 PM
Leading state owned financial institution KFC's profit quadruples Leading state owned financial institution, Kerala Financial Corporation (KFC), has quadrupled its net profit for the financial year that ended on March 31. As per the audited financials, KFC posted a net profit after tax of Rs 50.19 crore as against Rs 13.20 crore in the year ended 2022. The loan portfolio stands at Rs 6,529.40 crore against last year's figure of Rs 4,750.71 crore, recording a growth of 37.44 per cent. Incidentally this is the first time that the KFC crossed Rs 5...
Leading state owned financial institution KFC's profit quadruples
Leading state owned financial institution KFC's profit quadruples
Source: IANS
7/06/2023 2:45:56 PM
HDFC Bank inches up on signing MoU with SIDBI HDFC Bank is currently trading at Rs. 1601.00, up by 0.70 points or 0.04% from its previous closing of Rs. 1600.30 on the BSE. The scrip opened at Rs. 1601.30 and has touched a high and low of Rs. 1606.55 and Rs. 1599.50 respectively. So far 64863 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1733.95 on 04-May-2023 and a 52 week low of Rs. 1271.75 on 17-Jun-2022. Last one week high and low of the scrip stood a...
HDFC Bank inches up on signing MoU with SIDBI
HDFC Bank inches up on signing MoU with SIDBI
Source: Accord Fintech
7/06/2023 11:13:18 AM
Canara Bank jumps on aiming to improve bottom line further Canara Bank is currently trading at Rs. 314.20, up by 4.75 points or 1.53% from its previous closing of Rs. 309.45 on the BSE. The scrip opened at Rs. 310.00 and has touched a high and low of Rs. 314.80 and Rs. 310.00 respectively. So far 294413 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.60 on 03-Jan-2023 and a 52 week low of Rs. 171.70 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Canara Bank jumps on aiming to improve bottom line further
Canara Bank jumps on aiming to improve bottom line further
Source: Accord Fintech
2/06/2023 1:47:45 PM
RAI organised first North-East retailers conclave in Guwahati Retailers Association of India (RAI) organized the first edition of the North-East Retailers Conclave along with Open Network for Digital Commerce (ONDC) as a presenting partner to evangelize retailers in the region about the concept of ONDC and how the ONDC network can add value to small businesses in the region.   The North-East Retailers Conclave was inaugurated by Founder of AM Television Pvt. Ltd. Dr. Sanjiv Narain by lightning the lamp in presence of Kumar Rajagopalan, CEO, R...
RAI organised first North-East retailers conclave in Guwahati
RAI organised first North-East retailers conclave in Guwahati
Source: PR Agency
26/05/2023 11:45:12 AM
CMAI provides boost to MSME alpparel Manufacturers in Northen India ; announces North India`s largest garment fair - NIGF 2023 Post-pandemic, the overall growth of the industry has been minimal in line with the GDP growth rate of the country. To boost MSME trade of the garments manufacturers ahead of festive season, Clothing Manufacturers Association of India (CMAI) is organising the North India Garment Fair (NIGF), in response to the demand of garment manufacturers and retailers of North India and to give a boost to the garment trade in this region. The North India Garment Fair 2023 (NIGF 2023) by CMAI will be held ...
CMAI provides boost to MSME alpparel Manufacturers in Northen India ; announces North India`s largest garment fair - NIGF 2023
CMAI provides boost to MSME alpparel Manufacturers in Northen India ; announces North India`s largest garment fair - NIGF 2023
Source: PR Agency
25/05/2023 4:17:07 PM
Uttar Pradesh to have new authority to develop waterways Uttar Pradesh will now have a dedicated body to oversee the development of new waterways. Chief Minister Yogi Adityanath has announced the setting up of a new authority that would explore options of waterways and also work out policies to provide cheaper options of transport to give a boost to the micro small and medium enterprises (MSMEs) in the state. Yogi said that Uttar Pradesh's first waterway from Varanasi to Haldia was functional and the proposed authority should do its work ...
Uttar Pradesh to have new authority to develop waterways
Uttar Pradesh to have new authority to develop waterways
Source: IANS
25/05/2023 9:17:17 AM
Value of India`s defence production crosses Rs 1 lakh crore mark in FY23 The defence ministry has said that for the first time, the value of India's defence production has crossed Rs 1 lakh crore mark in the financial year 2022-23. The value of total defence production in the country in 2021-22 was over Rs 95,000 crore. In the last few years, the government has taken a series of measures to promote the domestic defence industry. The value currently stands at Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defenc...
Value of India`s defence production crosses Rs 1 lakh crore mark in FY23
Value of India`s defence production crosses Rs 1 lakh crore mark in FY23
Source: Accord Fintech
22/05/2023 11:58:54 AM