The second day of the ongoing Women Economic Forum in New Delhi saw Polish Ambassador to India, Tomasz Lukaszuk, speaking on women rights and start-up culture in Poland, and what lies ahead for budding entrepreneurs in India. Edited excerpts: Q: How is the Polish start-up culture different from I…
Tag: MICROFINANCE
BSE allows broking, microfinance firms to list on SME platform
New Delhi: Leading stock exchange BSE has allowed broking and microfinance companies to get listed on its small and medium enterprise (SME) platform, a move that will encourage such entities to tap the IPO route. The new norms will provide these companies easy access to capital, enhanced visibili…
TN tops in microfinancing sector: CRIF High Mark official
Coimbatore: Tamil Nadu stood on top in the country in availing loans through micro-finance, accounting for 10-12 per cent of total lending portfolio of Rs 1 lakh crore, an official of credit information firm CRIF High Mark said. A total of 72 lakh women and their households had availed Rs 12,000 …
Proactive RBI can help people understand microcredit biz: Satin Creditcare
New Delhi: A proactive role from RBI is needed in helping people distinguish between micro finance and chit funds, which are often confused as one, according to NBFC outfit Satin Creditcare. Microfinance credit served by non-banking financial companies (NBFCs) is typically about looking at the bo…
Kedaara Capital eyeing stake in microfinance firm Spandana Sphoorty
Mumbai: Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands. The microfinance lender is in talks with private equity firm Kedaara Capital Investment Managers Ltd to sell mor…
There’s room for small entrepreneurs to get interest-free credit | MUDRA Chief
If micro-enterprise owners such as vegetable/fruit vendors and small food stall owners play their cards right, it may be possible for them to get interest-free credit from banks under the Pradhan Mantri Mudra Yojana. Once more ATMs with cash-deposit facility and standalone cash-deposit machines a…
Infrastructure should be main focus of Budget 2016 | Umesh Revankar, MD, CEO, Shriram Transport Finance
Infrastructure should be main focus of this year’s budget. ‘The Make In India’ campaigns success hinges totally on support system and enabling environment. India needs faster & efficient connectivity between ports, railways to the site / plants that would reduce logistics cost which is probab…
250 Cr. Debt fund launched by IFMR Investments to finance SMEs
Offering high quality investment management services in asset classes that impact the financially excluded, IFMR Investments has now rolled out ‘IFMR FImpact Long Term Multi Asset Class Fund’– a debt fund of Rs 250 crore, dedicated to provide working capital for financial inclusion enterprises in…