MSME loans

Online Mudra loan application process: Pradhan Mantri Mudra Yojana (PMMY) is among the self-employment and entrepreneurship promotion schemes of the government launched by Prime Minister Narendra Modi back in 2015. The scheme targets micro…

Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year. The credit will be offered based on merchant’s transaction history. Credit and Finance for MSMEs: Online…

MSME loans restructured by the public sector banks (PSBs) had increased 2.1X from 6,19,562 accounts involving Rs 22,650 crore as of January 31, 2020, to 13.06 lakh accounts involving Rs 55,333 crore as of June 26, 2021. (Image:…

In order to promote digital payments among street vendors, RBI in August had extended the scope of PIDF scheme to street vendors covered under the SVANidhi scheme. (Image: Pixabay)Credit and Finance for MSMEs: The number of loans disbursed…

There was 209 per cent growth in the number of loans disbursed from 23 lakh in the April-June quarter last year vis-à-vis 71 lakh loans in June quarter this year. (Image: Pixabay)Credit and Finance for MSMEs: Despite the second Covid wave,…

RBI has also asked lenders to classify borrower accounts as overdue as part of their day-end process irrespective of the time of running such process. (Image: Pexels.com)Credit and Finance for MSMEs: The ‘clarification’ on asset…

Despite the significant contribution made by MSMEs to the country’s GDP and overall growth, these players struggle to secure loans from formal sources. (Image: pixabay)Credit and Finance for MSMEs: The MSME sector has remained a key driver…

New Delhi: Fintech startup Razorpay has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to enable embedded financing solutions for businesses. The company, however, did not disclose the…