Online B2B marketplace Tolexo has introduced pre-approved credit for its SME customers. The company has tied up with Arthashastra Fintech to provide the credit facility to its customers. Brijesh Agrawal, CEO, Tolexo said, “The unique payment solution will also facilitate the buyers by featu…
Tag: Credit
Codissia inks pact with SIDBI for credit access
An agreement aimed at facilitating easy access to credit for the smaller units in the MSME segment has been inked by Codissia (Coimbatore District Small Industries Association), the apex association of small industries, and the Small Industries Development Bank of India (SIDBI). “This is an exclu…
Exclusive | SME retailers win the hearts during Chennai floods
E-Shopping which has been a recent trend has changed the purchasing patterns of millions of customers across the globe. The E-Shopping has been proven successful even in India came to the rescue of Channaits in supplying daily needs weathering all commuting difficulties. Though the recent flood i…
Big corporate NPAs impacting credit to SMEs
Banks have squeezed their lending to micro, small and medium sector enterprises (MSMEs) as the spillover from the bad loans of large corporates continue to haunt their balance sheets. According to the monthly sectoral loan deployment data by the Reserve Bank of India, outstanding credit to medium…