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  • Chart of the Day: Banks are embracing riskier MSME loans Aug 09, 2022 10:43 AM IST

    Chart of the Day: Banks are embracing riskier MSME loans

    The share of high risk MSME loans in total MSME loan book of lenders rose, especially for private sector banks, according to credit bureau Cibil Transunion

  • Room for further reduction in credit costs, NPAs can trend down, says Bank of Baroda MD Aug 01, 2022 02:10 PM IST

    Room for further reduction in credit costs, NPAs can trend down, says Bank of Baroda MD

    Sanjiv Chadha on Bank of Baroda’s business outlook for FY23, how the lender plans to capitalise on retail loan growth momentum, expectations from RBI policy and more..

  • Digital MSME lender Indifi Technologies turns a profit and aims to double loan book Jul 26, 2022 10:19 AM IST

    Digital MSME lender Indifi Technologies turns a profit and aims to double loan book

    The company, which lends to small businesses and individual entrepreneurs such as kirana stores, restaurants and travel agencies, aims to offer a larger variety of credit products than the limited range of loans on offer by offline non-banking financial corporations (NBFCs).

  • Nearly 10,000 MSMEs shut shop during 2019-2022, says minister Jul 25, 2022 04:35 PM IST

    Nearly 10,000 MSMEs shut shop during 2019-2022, says minister

    India’s pandemic-hit economy is recovering but the informal sector, which has come under significant financial stress and has lost market share to larger firms, is lagging.

  • Lendingkart raises Rs 75 crore in debt from GMO LLC and Triodos Investment Jul 02, 2022 02:41 PM IST

    Lendingkart raises Rs 75 crore in debt from GMO LLC and Triodos Investment

    The Fintech company raised Rs 25,000 in debt from GMO LLC, Rs 50 crores from Triodos Investment Management

  • What you need to know from RBI’s Financial Stability Report Jul 01, 2022 04:21 PM IST

    What you need to know from RBI’s Financial Stability Report

    The recent bank credit off-take needs close monitoring as there has been higher lending to MSMEs and other sectors which were hit badly by the pandemic

  • Chart of the Day: MSME loan stress shows silver lining Jul 01, 2022 08:57 AM IST

    Chart of the Day: MSME loan stress shows silver lining

    Data from the Reserve Bank of India (RBI) shows that about 9.3 percent of MSME loans had turned bad by March 2022. That is lower than the delinquency ratio of 10.8 percent in FY21.

  • Rupifi introduces MUNAFA community platform to help MSMEs Jun 27, 2022 08:23 PM IST

    Rupifi introduces MUNAFA community platform to help MSMEs

    MUNAFA will serve as a trusted source of information, content, and business connections for Indian MSMEs supporting them across every stage of their journey, the fintech said.

  • RBI will continue reforms till fintechs do not self-regulate: Online PSB Loans MD Jun 27, 2022 04:58 PM IST

    RBI will continue reforms till fintechs do not self-regulate: Online PSB Loans MD

    Fintechs provide infrastructure services to banks and NBFCs for sourcing and maintenance of new products and charge a fee for the same.

  • GST at 5: A structural, economic analysis and prescriptions Jun 27, 2022 09:37 AM IST

    GST at 5: A structural, economic analysis and prescriptions

    The three-tax structure of GST -- integrated, central and state -- with a requirement to register and pay each in every state of operation has made GST complex, more so for mid-sized and small businesses.

  • SME-focused lending platform FlexiLoans.com raises $90 mn Jun 07, 2022 07:33 AM IST

    SME-focused lending platform FlexiLoans.com raises $90 mn

    FlexiLoans.com said that the investment round provides it a strong runway for its growth as it comes at a time when there is a fintech push by the government, especially for the MSME sector.

  • PMEGP extended till FY26 with Rs 13,554 crore outlay; to create 40 lakh jobs: Government May 30, 2022 08:44 PM IST

    PMEGP extended till FY26 with Rs 13,554 crore outlay; to create 40 lakh jobs: Government

    The government announced on Monday that the Prime Minister's Employment Generation Programme has been authorised for continuation until the financial year 2025-26, with a total outlay of Rs 13,554.42 crore.

  • ICICI Bank upgrades digital services for MSMEs; to maintain “risk-calibrated growth” approach in lending Apr 28, 2022 06:19 PM IST

    ICICI Bank upgrades digital services for MSMEs; to maintain “risk-calibrated growth” approach in lending

    Executive director Anup Bagchi said banks may soon start to lend to MSMEs based on their cashflows and not on their solvency, thanks to the rapid adoption of digital services.

  • Kinara Capital raises Rs 380 crore in equity round led by Nuveen; to disburse Rs 10,000 crore MSME loans in 3 years Apr 19, 2022 02:29 PM IST

    Kinara Capital raises Rs 380 crore in equity round led by Nuveen; to disburse Rs 10,000 crore MSME loans in 3 years

    Kinara Capital is a mid-sized NBFC focussing on credit to micro, small and medium enterprises.

  • Women-led MSMEs in India rise 75% to 8.59 lakh units in FY22: Govt data Mar 31, 2022 02:18 PM IST

    Women-led MSMEs in India rise 75% to 8.59 lakh units in FY22: Govt data

    "While 4.9 lakh women led MSMEs registered on the portal during the year 2020-21, about 8.59 lakh women led MSMEs registered during the year 2021-22 (up to 28.03.2022)," Minister of State for Micro Small and Medium Enterprises Bhanu Pratap Singh Verma said in a written reply to the Lok Sabha.

  • Govt extends ECLGS scheme for MSMEs until March 2023; hospitality, aviation to get boost Mar 30, 2022 06:59 PM IST

    Govt extends ECLGS scheme for MSMEs until March 2023; hospitality, aviation to get boost

    The National Credit Guarantee Trustee Co has also increased the limit for borrowing under the third iteration of the ECLGS.

  • Cabinet approves $808-million programme to improve MSME performance Mar 30, 2022 03:14 PM IST

    Cabinet approves $808-million programme to improve MSME performance

    The Raising and Accelerating MSME Performance programme, or 'RAMP', will see the central government join hands with the World Bank to help all 63 million enterprises that qualify as MSMEs.

  • PM Gati Shakti will lead to rapid infra development, help exports & MSMEs: PM Modi Feb 28, 2022 06:01 PM IST

    PM Gati Shakti will lead to rapid infra development, help exports & MSMEs: PM Modi

    "This direction of ‘Infrastructure-based development’ will lead to an extraordinary increase in the strength of our economy, creating many new possibilities of employment," the PM added.

  • MSME sector can be revived using blockchain tech: Raghav Gupta, CEO, Censor Black Feb 18, 2022 06:29 PM IST

    MSME sector can be revived using blockchain tech: Raghav Gupta, CEO, Censor Black

    Censor Black, which serves investors and SME supply chains, seeks to leverage blockchain technology to aid the global MSME sector by providing them access to institutional and secure finance, making the process transparent and risk-free for all stakeholders.

  • Amazon, MSME will work together to enhance production: Narayan Rane Feb 14, 2022 03:55 PM IST

    Amazon, MSME will work together to enhance production: Narayan Rane

    "Amazon and MSME will tread together. We both will move towards progress, enhance our production, and supply good products to the people," MSME Minister Narayan Rane said.

  • Exchange, fraud issues dampen cross-border business for MSMEs: Survey Jan 19, 2022 03:51 PM IST

    Exchange, fraud issues dampen cross-border business for MSMEs: Survey

    The survey was conducted between October-November 2021, and assesses the impact of COVID-19 on small businesses that have an online presence.

  • Banks urge Centre to extend emergency credit guarantee for small businesses till March next year Jan 18, 2022 10:40 AM IST

    Banks urge Centre to extend emergency credit guarantee for small businesses till March next year

    They have also sought additional 10 percent credit facility for companies that fall under the guarantee scheme

  • Industry body seeks Odisha CM's intervention to ensure coal supplies to MSMEs Jan 17, 2022 09:00 PM IST

    Industry body seeks Odisha CM's intervention to ensure coal supplies to MSMEs

    Odisha holds 25 per cent of the total coal deposits of the country.

  • Government may increase cover for MSMEs under credit guarantee scheme Jan 14, 2022 07:20 PM IST

    Government may increase cover for MSMEs under credit guarantee scheme

    Officials say expanding the credit guarantee amount for each MSME, currently Rs 2 crore, has been a long-term suggestion.

  • Google Pay partners Indifi to provide instant MSME credit as it expands its financial services play Jan 14, 2022 11:08 AM IST

    Google Pay partners Indifi to provide instant MSME credit as it expands its financial services play

    With a 35 percent share of monthly UPI volumes, Google Pay has been growing its financial services play over the past year like other payments leaders in India

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