finance

Government Considers New Bank to Address Credit Gap for MSMEs

The government is exploring the creation of a dedicated bank for direct lending to micro, small, and medium enterprises (MSMEs) to enhance credit access…

Microfinance Fueling India's Small Businesses

India's vast population of micro, small and medium enterprises (MSMEs) forms the backbone of the nation's economy. However, accessing capital…

Balancing Act: Navigating the Future of NBFC Lending in India

In recent years, Non-Banking Financial Companies (NBFCs) in India have increasingly relied on historical data and AI-powered algorithms to underwrite…

SEBI to impose stricter norms for SME listings

India’s market regulator, soon will bring new regulations for public offers of small and medium enterprises (SMEs), after complaints of misuse of a…

UGRO Capital Limited embraces Embedded Financing for small merchants

PRNewswire

Mumbai (Maharashtra) [India], May 6: UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today announced a significant…

Textile Sector Raises Concerns Over New Income Tax Act Clause Impacting MSME Payments

The textile industry is expressing apprehension over the repercussions of a newly introduced clause in the Income Tax Act, 1961, as part of the Finance…

Assam Government's New Scheme to Boost Rural Women Entrepreneurship

The Mukhyamantri Mahila Udyamita Abhiyan, launched by the Assam government, is a key step towards empowering rural women entrepreneurs. This effort,…

Government's 59-Minute Loan Approval Scheme Empowers MSMEs with Record Sanctions

The government and SIDBI's ambitious 59-minute loan approval scheme for Micro, Small, and Medium Enterprises (MSMEs) has marked a significant milestone,…