PNB Launches App To Enable MSMEs Access Instant Loans Using GST Invoices
PNB Launches App To Enable MSMEs Access Instant Loans Using GST Invoices
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MSME
Centre launches MSME Competitive (LEAN) scheme
Centre launches MSME Competitive (LEAN) scheme : Union Minister for MSME Narayan Rane launched the MSME Competitive (LEAN) Scheme on 10 March. About the Scheme It aims to provide a roadmap to global competitiveness for the MSMEs of India. The scheme will not only strive to improve quality, productivity and performance, but also change the mindset of manufacturers and
South Indian Bank launches MSME online portal
South Indian Bank launches MSME online portal: The South Indian Bank launched a MSME online portal providing instant online In Principle approval of up to ₹1 crore MSME enterprises are the most important pillars of the economy and the government is working towards making the sector stronger. Aim: To provide quick loans to micro and small
CIBIL, SIDBI, Online PSB loans launch MSME Rankings
CIBIL, SIDBI, Online PSB loans launch MSME Rankings: With the intent of deepening credit flow to small businesses and also helping lenders avoid loan losses on such bets, credit information company TransUnion Cibil launched a ranking system for MSME borrowers. The “FIT Rank,” introduced by TransUnion Cibil in collaboration with Online PSB Loans, will rate the
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MSME Minister Narayan Rane launches ‘Mobile Electric Charging’ app
Union Minister of Micro, Small, and Medium Enterprises (MSME) Narayan Rane launched ‘Repos Pay – a ‘Mobile Electric Charging’ platform and ‘Phy-gital’ – a Fintech Platform at ‘Fuelling India 2022’ event in Mumbai. Repos Pay: One can order a Mobile Electric Charging Vehicle on app and charge their vehicles. Phy-gital: It is a Fintech Platform that will
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SIDBI collaborated with Google for financial assistance to MSMEs
Small Industries Development Bank of India (SIDBI) has collaborated with Google to launch a $15 million financial assistance program for micro-enterprises. It is a one-of-a-kind program by SIDBI as a crisis response related to Covid-19 to reinvigorate the MSME sector Total corpus: $15 million or Rs 110 crore Target Group: Micro Enterprises with turnover up to Rs 5 crore Loan
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SBI and U GRO Capital join hands to finance MSMEs
Listed MSME lending fintech platform, U GRO Capital has entered into a co-lending partnership with State Bank of India (SBI), Indias largest bank, to provide credit to the micro, small and medium enterprises (MSME). Through this, SBI and U GRO aim to disburse up to ₹500 crores by March 2022. U GRO lends to SMEs in 8 sectors — Healthcare, Education, Chemicals,
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RBI announces Opening of Third Cohort under the Regulatory Sandbox- Theme ‘MSME Lending’
The Reserve Bank of India (RBI) has announced the theme for the Third Cohort under the Regulatory Sandbox (RS) as ‘MSME Lending’. The application for the Third Cohort will be kept open from October 01, 2021 to November 14, 2021. With that, the central bank has announced the opening of the application window for the
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HDFC-NSIC pact to provide Credit Support to MSMEs
HDFC Bank on Tuesday said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. Under this, the country’s largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness. Partnership with NSIC
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Agreement for Emergency Response Programme for MSME
The World Bank and the Government of India signed the $750 million agreement for the MSME Emergency Response Programme. Daily Current Affairs Quiz 2020 Key-Points The World Bank’s MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current
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