In the Union Budget 2025, the expansion of the Micro, Small and Medium Enterprise (MSME) definition is a strategic step that could bring more businesses […]
Tag: MSMEs
U Gro Capital adds 74 new branches
Despite a challenging environment for Non-Banking Financial Companies (NBFCs) in India, U Gro Capital continues to strengthen its mission of bridging the credit gap for […]
Budgeting for India’s digital transformation goals
Technology forms the backbone of modern businesses and society, driving innovation and transformation across all domains. As Satya Nadella rightly pointed out, “Every piece of […]
Punjab & Sind Bank to roll out instant digital loans for MSMEs using GST returns
Punjab & Sind Bank is set to launch an instant digital loan scheme for Micro, Small and Medium Enterprises (MSMEs) by the end of this […]
RBI Governor urges banks to intensify efforts against mule accounts
The Reserve Bank of India (RBI) Governor Shaktikanta Das recently held a meeting with the Managing Directors (MDs) and Chief Executive Officers (CEOs) of public […]
HDFC Bank launches business range of credit cards
HDFC Bank has recently launched business range of credit cards customised for business owners, entrepreneurs and freelancers. The cards will be available in four variants […]
Axis Bank launches ‘NEO for Business’
Axis Bank has launched ‘NEO for Business,’ a first-of-its-kind digital proposition that caters to the real, current and emerging transaction banking needs of the Indian […]
Godrej Capital aims to double loan book this year
Godrej Capital, the financial services arm of the furniture to aviation group, expects to more than double its loan book to Rs 12000 crore by […]
U GRO CAPITAL LAUNCHES GRO X APP, ‘CREDIT LINE ON UPI’ FOR SMALL BUSINESSES
Key Highlights: • Collateral free instant credit lines to small merchants.• GRO X allows MSMEs to not only avail credit through UPI but accept payments […]
Role of NBFCs in the growth of Micro, Small and Medium Enterprises (MSME) segment
Introduction Non-Banking Financial Companies (NBFCs) are also known as shadow banks. There are more than 9,500 NBFCs registered with Reserve Bank of India (RBI). The […]