Financial technology startups and payments companies have cheered at the rural push in the 2016 Union budget presented by Finance Minister Arun Jaitley in the Union Parliament on February 29. With the minister giving a push towards financial literacy in rural areas, ATMs and micro ATMS in post of…
Tag: NBFC
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…
Amazon India-Capital First tie-up to offer loans to SMEs
Much on the lines of its competitors, e-commerce giant Amazon Seller Services on February 8 launched a seller lending programme in India, enabling small & medium businesses on its platform to get working capital loans ranging from Rs 5 lakh to Rs 2 crore. Amazon has partnered with Capital Fir…
Mudra not to regulate Micro Finance Institutions: Govt
Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …
SMEs see value in investing among themselves
Cash surplus SMEs are finding it more convenient to invest in fellow BSE-SME listed companies indicating the growing maturity of the BSE-SME platform. A cursory look at the shareholding patterns of NBFC, Satkar Finlease Limited, listed in BSE-SME exchange, reveals that five BSE-SME listed compani…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…