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MICROENTERPRISES CREDIT ACCESS
Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform pushIndia's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...
Why there is a need to redesign credit instruments for womenWomen entrepreneurs in India face significant credit barriers, with many businesses citing credit shortfall as a major impediment. Initial ...
Vets in its branch: MSME lender Moneyboxx tries a different approach to lendingDeepak Aggarwal, Co-founder, Co-CEO, and CFO of Moneyboxx, says that the company aims to go beyond merely providing loans, focusing on fina...
Union Budget 2025: Nirmala Sitharaman announces enhanced support for MSMEs, entrepreneursFinance Minister Nirmala Sitharaman announced that credit guarantee cover for micro and small enterprises will double from Rs 5 crore to Rs...
Union Budget 2025: FM Sitharaman enhances credit guarantee cover for MSMEs, introduces customised credit cards for micro enterprisesThe FM announces the sanctioning of term loans up to Rs 20 crore and the introduction of customised credit cards for exporter MSMEs.
Aye Finance to raise Rs 310 crore in equity from British investor and othersBritish International Investment will put in Rs 250 crore for an around 9% stake in the company. Waterfield, an independent multi-family of...
Mega success on the microcredit frontThe priority accorded to microcredit on this scale has some obvious benefits. GoI is pushing the programme to build manufacturing capacity ...
From struggling to thriving: How Credit Guarantees can bridge the credit gap faced by MSMEsProviding credit guarantees to lending institutions can play an increasingly important role in bridging the credit gap faced by Indian MSME...
View: Targeted reforms for easing micro entrepreneurshipWhile the significance of facilitating business for the Micro, Small and Medium Enterprises sector in the roadmap to achieving the $5 trill...
Nabard launches credit guarantee programme for NBFC-MFIsThe product- Structured Finance and Partial Guarantee Programme to NBFC-MFIs -entails providing partial guarantee on pooled loans extended ...
HAPPY launches Lockdown Loans for MSMEsHAPPY interacted with nearly 300 MSMEs via a survey to understand their sentiments and painpoints before designing the new feature.
Google parent Alphabet-backed AyeFinance targets lending to 5 lakh micro SMEsThe Government has realised the need of the MSME sector and has started multiple schemes to encourage credit solutions for bottom of pyrami...
Village Financial Services: Market-based impact lending for the underserved, unbankedConsidering the constraints of the banking sector in serving the poor, a funding platform setup in 1980s is helping rural entrepreneurs in ...
Kudumbashree: Kerala's all-women Rs 2,262 crore savings group finances microenterprises of membersIn many ways, the success story of Kudumbashree's should not surprise people. In Kerala, politics smothers the lonely pursuits of individua...
Only profitability model can bring in right capitalWe can’t get enough capital needed by MFIs to reach out to the poor from social investors who are happy with the no-profit, no-loss model, ...
- Monetary and banking developments
The stance of monetary policy as announced by the Reserve Bank of India (RBI) in its annual policy statement for 2004-05 was (i) to ensure ...