Small and medium enterprises (SMEs) in India have witnessed tremendous growth over the last few years. The SME sector accounts for more than 95% of establishments in India and is offering 80% of jobs in the manufacturing sector. Considering the pivotal role which the SME sector is playi…
Tag: SME loan
How fintech start-ups can help banks bridge SME lending gap in India
A major challenge that could stymie SME sector growth is the lack of adequate and timely funding
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SME loan portfolio to witness 15% growth
Coimbatore: Despite remaining flat till December 2016, the loan portfolio for Small and Medium Enterprises (SMEs) is expected to register 15 per cent growth this fiscal, a top official of Lakshmi Vilas Bank said. LVB extended loans worth Rs 1,000 crore to Rs 1,500 crore to SMEs in the last fiscal…
LoanFrame: Solving the financing problem for Indian SMEs
Loan Frame was launched in mid-2016 with the objective of redefining the experience of borrowing by SMEs in India. The Company is India’s first lending marketplace fully dedicated to SMEs. Loan Frame caters to the varied loan requirements of SMEs up to Rs. 50 crores. The company differentiates fr…
Online lending players tweak SME loan underwriting as credit moves online
The small and medium enterprises have been increasingly logging in to secure funding via online platforms. As more and more SME players move online the players are also tweaking the basic, online underwriting norms to ensure consistency and thereby reduce NPAs in this segment. Experts explain tha…
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…