Tag: SMEs

Online lending start-up KNAB Finance raises funds from InCred, others

KNAB Finance Advisors Pvt. Ltd, a fin-tech firm that provides unsecured working capital loans to small and medium-sized enterprises (SMEs), has raised a little over Rs 2.5 crore in two funding rounds. Non-banking financial company (NBFC) InCred, and over a dozen individual investors including Min…

Mamata Banerjee appeals Dutch investors to invest in Bengal

West Bengal Chief Minister Mamata Banerjee on June 21, appealed to Dutch investors along with Italian and German industrialists to invest in the state. “Come to Bengal and ride the growth because the state has the sustainable development in every angle. The state has improved a lot after the 34 y…

The flip side of GST: Its impact on the informal economy

The markets are gung-ho about the shift to the goods and services tax (GST). One factor driving this optimism is the anticipated shift of business from small, unorganized firms in some sectors to organized ones. Since the latter are already in the formal economy, comply with regulations, are gene…