This year’s Budget to be announced next month is expected to be a big one for startups which are reeling under the impact of demonetisation. The government may announce a string of initiatives to support them, including widening of the tax-free regime to five years from three years and faster pro…
Tag: NBFCs
Demonetisation: Uncertainty means MSMEs funding scenario hugely negative
As the shock of the demonetisation move wears off, businesses are now bracing themselves for the coming two-quarters that are forecast to see lower demand. Many business models that depended on the flow of hard cash may just have been rendered permanently unviable from a lender’s perspectiv…
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…
Fintech start-ups can lead the way to India’s financial inclusion
India is changing into an effervescent ecosystem offering fintech lending start-ups a platform to potentially grow into billion-dollar unicorns. Although relatively young at present, the sector is escalating rapidly, fueled by the large innovation-driven start-up landscape, and responsive governm…
Demonetisation effect: Credit to small, micro units fall 7.7% in November
Chennai: Industrial credit slowed across sub-sectors in November, with loans to micro, small and medium enterprises reporting the biggest fall. Credit growth to the services sector slowed down on a month-on-month (m-o-m) basis but performed relatively better than industries. Credit to small &…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …
Bank loans may increase for SMEs
Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …
Unorganised sector to be worst-hit by demonetisation: Report
The unorganised sector in India will be the worst hit by the November demonetisation of high value currency, while lots of industries in the organised sector would be impacted by the shortage of cash required to run business, a market analyst said. “The unorganised sector is expected to bea…
A stronger ecosystem for SMEs increasing Digital India footprint
Increasing access to the Internet even in smaller towns and the rate of smartphone-led connectivity spreading across the country meant India was prime ground for a campaign like Digital India. But end-users getting savvier and going online to be connected to services or making purchases isn’t the…
Realty bites for NBFCs’ business of loan against property
Demonetisation might further encourage non-banking financial companies (NBFCs) to look away from their loan-against property portfolios. “The growth rate of the loan-against-property business is likely to shrink to 15-20% this financial year, as compared with 22-24% two years ago”, sa…