While security is an important aspect of business in the fintech space and there have been incidents of cyber heists, start-ups have to balance expense between security measures and expansion of business
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Tag: Credit
Govt formulating Rs 2k cr credit gurantee scheme to help start-ups access collateral-free loans
DIPP-recognized start-ups will be provided portfolio-based credit guarantee of upto Rs 500 lakh per case
10 eligible start-up loans during a particular financial year a must
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नागालैंड: RBI ने MSMEs की समस्याओं पर बैठक की, क्रेडिट के लिए दिया आश्वासन
भारताय रिजर्व बैंक की गुवाहाटी शाखा ने एमएसएमई से संबधित मुद्दों को हल करने के उद्देश्य से मोकोकचुंग, नागालैंड में एक बैठक का आयोजन किया। मीटिंग का लक्ष्य एमएसएमई की परेशानियों को कम करना था। मीटिंग का संचालन रिजर्व बैंक के डिप्टी जनरल मैनेजर अरिदमन कुमार द्वारा किया गया। बैठक में नाबार्ड, सिडबी…
‘GST’s trial by fire will only make small manufacturers more competitive & efficient’
The goods and services tax (GST) is slated for rollout in less than two months and voices are coming forward on the possible negative impact on small manufacturers. We have heard these stories earlier – when the country did away with quantitative restrictions on imports in 2001 and when it opened…
Centre asks states to simplify compliance procedures for MSMEs
New Delhi, April 28: The Centre has asked states to simplify compliance procedures for micro, small and medium enterprises (MSME) and address issues related to availability of credit facilities and skilled man-power. Union MSME Minister Kalraj Mishra convened a meeting of ministers and principal …
60 साल के मुकाबले 2016-17 में सबसे कम बढ़ी बैंकों की लोन देने की रफ्तार
वित्त वर्ष 2016-17 में बैंक क्रेडिट की वृद्धि दर 5.1 प्रतिशत रही जो 60 साल में सबसे कम है। इसका कारण सरकारी बैंकों पर फंसे कर्ज का बढ़ता बोझ है जिससे वो लोन देने में काफी एहतियात बरत रहे हैं। इससे पहले लोन वृद्धि की न्यूनतम दर का रिकॉर्ड साल 1953-54 का रहा जब यह […]
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Govt’s credit guarantee scheme to give start-ups a loan lifeline of up to Rs 5 cr
Start-ups will soon be able to take loans of up to Rs 5 crore without collateral through a credit guarantee scheme prepared by the government. The scheme is awaiting cabinet approval and is likely to become functional soon under the supervision of the Department of Industrial Policy and Promotion…
World Bank Group led initiative to help India’s MSMEs get faster access to credit
In India, the micro, small and medium enterprise sector plays a crucial role in the country’s economy. Almost 50 million such enterprises operate in various industries across India, employing over 100 million people. More than half of them are based in rural areas, while over 7 per cent of entrep…
MoneyTap launches credit line app
Fintech start-up MoneyTap has launched a credit line app in partnership with its banking partner RBL Bank. Using the app, a salaried employee can borrow as little as Rs. 3,000 or as much as Rs. 5 lakh from a bank. Credit line is a fairly new concept in India, and is an arrangement between a bank …
Enhance credit absorption capacity of weaker sections, RBI tells financial intermediaries
The Reserve Bank of India wants financial intermediaries such as banks and non-banking finance companies to focus on a ‘3x3x3’ matrix so that small and marginal farmers, micro and small enterprises (MSEs), and low-income earners in the unorganised sector are financially included. Speaking at a BR…