finance

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,…

Channelling Finance Towards Sustainable MSMEs – India’s Pivotal Role After COP28

Micro, small and medium enterprises (MSMEs) around the world are crucial drivers for sustainable economic growth, social development and emissions…

MSMEs - Lagging Behind Pre-Pandemic Strength Despite Massive Potential

Micro, small and medium enterprises (MSMEs) form the backbone of the Indian economy, contributing around 30% to India's GDP besides employing over…

Budgetary Boost to India’s MSME Exporters through Interest Equalization Scheme

The Indian government has announced expanded budgetary support for the Interest Equalisation Scheme (IES) to boost finance availability for MSME exporters.…

SME Exchange – The Newest Route for MSME Financing

India is home to around 63.3 million micro, small, and medium enterprises (MSMEs) which have been upheld as the growth engine of the economy. However,…