MSMEs

News and Trends

CredAble Receives INR 30 Cr from SIDBI to Support MSMEs and Women-Led Businesses

The Axis Bank-backed lender aims to use the funding to expand its operations and bridge the funding gap for MSMEs and women-led enterprises.

News and Trends

Empowering MSMEs: Unlocking India's Trillion-Dollar Manufacturing Potential

By empowering MSMEs, India can realize its vision of a robust trillion-dollar manufacturing sector, fueling economic prosperity and sustainable development

News and Trends

CredRight Raises INR 78 Crore In Equity And Debt Financing Round

The platform will utilise this additional capital to expand further into new locations, strengthen its technology stack and help MSMEs access formal finance

News and Trends

PM Modi Addresses G20 Trade And Investment Meeting; Remarked On MSMEs And Global Trade

The Prime Minister also said that India believes in a rules-based, open, inclusive, multilateral trading system, with the WTO at its core

News and Trends

IIMA's CIIE.CO Partners With RBI's Innovation Hub To Support Women MSMEs

Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and quality of financial services for women in India

News and Trends

Veritas Finance Secures Investment Of INR 1200 Crore

The company plans to use the fresh capital to enter new markets and strengthen its new product lines, including affordable housing loans

News and Trends

Dallas Venture Capital Secures INR 60 Crore From Self Reliant India Fund And NewcrestImage

The firm will utilize these funds to support faster growth of Micro, Small and Medium Enterprises (MSMEs) helping in the overall economy building and strengthening and maximizing employment opportunities

News and Trends

World MSME Day 2023: How Fintechs and Exchanges are Helping Solve the Most Pressing Issue of MSMEs

Despite employing 40% of India's workforce and accounting for 45% of the total Indian manufacturing output, MSMEs, the backbone of the Indian economy, have many challenges to deal with. The biggest of them is still the access to credit.

Finance

MSMEs Demand Instant Line Of Credit & Industry Networking as Topmost Priorities: Report

55% MSMEs want instant line of credit to accelerate everyday business decisions, as their topmost priority. One-fourth of MSMEs say industry networking with their supply chain ecosystem is critical for their growth.

News and Trends

Meta Joins Hands With CAIT To Upskill 1 Million Traders

A certification by Meta Small Business Academy will especially help new entrepreneurs and marketers gain critical digital marketing skills to grow on the Meta apps

News and Trends

Red Fort Capital Raises INR 11.5 Crore Debt Fund

The fund raised will support Red Fort Capital's mission to provide quick business loans to MSMEs and expand its loan book

News and Trends

Indifi Technologies Raises INR 290 Crore In Series E funding

The funds raised will be used to develop new lending products, expand customer access, and enable more segments

News and Trends

GAME And SIDBI To Launch NBFC Growth Accelerator Program For MSMEs

The first phase of the program involves design of a comprehensive, actionable, granular report with the programme structure, piloting strategy, and implementation plan for NGAP by GAME

News and Trends

India Seeks Exemption For MSMEs From Carbon Tax: Report

The EU is introducing the Carbon Border Adjustment Mechanism from October 1 this year

News and Trends

Banks Sanction INR 23.2 Lakh Crore To About 40.82 Crore Beneficiaries Under Mudra Yojana

PM Mudra Yojana has played a vital role in funding the unfunded and ensuring a life of dignity as well as prosperity for countless Indians