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PM SVANidhi: Beneficiary count under microcredit scheme crosses 30 lakh; over Rs 3k crore loans disbursed

Credit and Finance for MSMEs: On timely repayment of the first loan of up to Rs 10,000, the scheme has a provision of providing credit up to Rs 20,000 in the second tranche and up to Rs 50,000 in the third tranche. Credit and Finance for MSMEs: Loans disbursed under the Prime Minister SVANidhi microcredit scheme for …

Govt committed to supporting MSMEs through friendly policies: MSME Minister Narayan Rane

MSME Minister Narayan Rane said the sector holds huge potential for growth and it will help in making a truly “Aatmanirbhar Bharat”. The government is committed to supporting MSMEs through friendly policies, bringing in latest technologies, setting up of training centres and providing credits, MSME Minister Narayan Rane said on Wednesday. He said the sector …

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CBDCs could help reduce settlement cycles, enable better cashflow predictions for MSMEs: Report

Technology for MSMEs: According to RBI, a 2021 survey by the Bank of International Settlement (BIS) of central banks in the world found that 86 per cent were actively researching the potential for CBDCs, 60 per cent were experimenting with the technology and 14 per cent were deploying pilot projects. Technology for MSMEs: A distributed ledger …

Aye Finance: MSME financing made easy

The fintech’s cluster-based credit appraisal approach and phygital model bridges the gap between MSMEs and organised lending norms Aye Finance is a new-age finance company that provides secured and unsecured small business loans to small and micro enterprises across India. It aims to solve the challenges in funding micro, small and medium enterprises and bring …

ScaleUp Summit: MSMEs are economy’s backbone. But 99% are micro; here’s what experts say to scale them up

Ease of Doing Business for MSMEs: The ScaleUp Summit tried finding answers to questions around scaling up of MSMEs from experts in the government, banking, technology, MSME representative bodies, and successful MSMEs themselves.   Ease of Doing Business for MSMEs: Why is nearly 100 per cent of the MSME sector comprised of only micro enterprises? What …

Prime Venture Partners closes 4th fund at $120 million

The fund was oversubscribed and has exceeded its target of $100 million in commitments. By Salman SH Prime Venture Partners, an early-stage India-focused venture capital fund, on Thursday announced the final close of its fourth fund of $120 million. The fund was oversubscribed and has exceeded its target of $100 million in commitments. Prime Venture …

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