For MSMEs, raising capital so far has been a herculean task with all the tedious paperwork, evaluation of credit history and high rejection rates due to various reasons. But, things are now set to change as the leading fintech player Rubique is making a strong headway in the country’s lendi…
Tag: SME Finance
Need to encourage leasing to boost SME growth: World Bank
The World Bank Group sees “leasing” as an important financing tool for Small and Medium Enterprises (SMEs) and wants policymakers in India to take steps to propel its growth in the country. “Leasing is very sensitive to taxation and I understand the taxation rules were changed, and as a result, i…
Corporation Bank eyeing Rs. 4,500-cr MSME loans
Corporation Bank is looking to disburse Rs. 4,500 crore of loans to MSMEs (micro, small and medium enterprises) during the next few months, CK Gopal, General Manager, said. He said, “The bank has launched a special four-month campaign in this regard. This campaign, which began on October 1,…
SMEs need flexibility in repayment instruments & schedules | Harsh Chamria, SME Business Head, Magma Fincorp
Driven by single, purposeful goal – investing in the smallest dream – Magma Fincorp’s 26 years’ experience as financier has enabled the company to extend support to the masses that have been excluded by the traditional financial systems. When it comes to getting the business up and running, Magma…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
NSE’s SME platform gains momentum
This has by far been the best year for the SME platform, started by the country’s two premier bourses about three years ago, to enable small and medium enterprises (SMEs) to list. The National Stock Exchange of India’s (NSE) moribund SME platform finally gained traction this year, wit…