Micro loans as low as Rs 1 lakh with interest rates 10.45-11% will be offered which can go up to Rs 25 lakh post tie-up with Bank of Baroda
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Tag: Bank of Baroda
Tech upgradation: SC/ST enterprises to get 25% credit-linked subsidy
New Delhi: To help micro and small enterprises belonging to Scheduled Castes & Tribes upgrade technology, the government has approved a scheme to provide 25 per cent capital subsidy up to Rs 25 lakh via banks for purchase of plant and machinery. The scheme – Special Credit Linked Capita…
IIT-Indore & IIM-Indore to host i5 Summit to foster entrepreneurship
Start-ups, entrepreneurs, students, investors and others experts to congregate at i5 Summit, an event hosted by IIT-Indore and IIM-Indore to foster the spirit of entrepreneurship in the country and support young entrepreneurs by connecting them with investors and mentors to take their ideas to th…
Bank of Baroda partners with CreditMantri for lending to first-time borrowers, SMEs
Public sector lender Bank of Baroda on July 25 announced that they will be using alternate data sources for lending decisions in partnership with Creditmantri, a Chennai based fintech startup. Historically banks have been relying on physical verification of documents and credit bureau data for ta…
Egypt seeks India’s help to learn the ropes of SME financing
In an attempt to bring financial sectors of two countries closer to the other Egypt’s Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised a visit of their experts to India this May to learn about experience in financing SMEs. The visit to India was in collab…
Egypt organises visits to India, Hungary to learn about SME financing
Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised two visits to India and Hungary in May 2016 in order to learn about their experience in financing SMEs. The purpose of the visit to Hungary was to meet heads of units of SME financing in banks in order to identif…
State govts lend support to SME platforms
The Small and Medium Enterprises (SMEs) platforms started in early 2012 by the two national bourses, BSE and NSE, to enable smaller companies to list and raise money, have found support from some state governments. The Gujarat and Rajasthan governments have announced subsidies to pay for the expe…