The future posits that NBFCs will continue to experience robust growth with minimal instances of delinquencies if the credit flow doesn't stop and the risk mitigation mechanisms improve.
Nano-businesses are now aggressively ditching moneylenders that charge up to 90per cent annualized interest rates on loans towards loan aggregator platforms
While the base of the pyramid is served by microfinance institutions and corporates are served by banks, the MSME segment has always had few alternatives
Union Minister of Road Transport and Highways and MSME, Nitin Gadkari, inaugurated the 39th India International Trade Fair (IITF). He was accompanied by the Minister of State for Commerce and Industry Shri Som Parkash. The fair has been an unprecedented platform for exhibiting the entrepreneurial skills and ingenuity of the Indian public.
Lack of formal financial history, lengthy processing and unavailability of timely access to funds from the formal sector have forced the MSMEs to seek credit from informal sources at significantly higher interest rates
Studies anticipate 15x growth in digital lending to MSMEs by 2023, owing to rapid digitization and access to easier, cheaper credit facilitated by digital lending companies
Incuspaze, a chain of co-working spaces launched a new centre in Delhi, WORKSPAZE in collaboration with the Small Industries Development Bank of India (SIDBI)
E-Commerce portal Bharat Craft will provide a direct interface between buyers and sellers. In the next 2-3 years this portal will bring a turnover of about Rs 10 lakh crore to the MSME sector
Here are the initiatives based on economic platforms by the Indian government which would boost up the Enterprises, capable start-ups and solve its issues