Mumbai (Maharashtra) [India], March 7: On 1 February, the Union Budget announced government plans to significantly increase its capital spending. The allocation is INR 11.21 lakh crore for FY 2025-26 and is expected to increase further next year. For MSMEs, this will shape how demand and bus
New Delhi [India], March 4: Aye Finance, India's leading provider of business loans to the underserved micro-scale MSMEs, has completed a pilot that uses the predictive capability of Gen AI technology, which will enhance its formal credit to the trading businesses in tier 2 and beyond cities
New Delhi [India], February 26: Aye Finance, India's leading financial institution providing business loans to the largely underserved micro-scale enterprises, has been recognised as one of India's most dynamic businesses, ranking 26th in the prestigious 'India's Fastest-Growing Companies 20
The Asian Development Bank (ADB) has signed a senior secured debt financing package of up to USD 108 million (in Indian rupee equivalent) with Aavas Financiers Limited to expand access to affordable housing loans for lower-income households and business loans for micro, small, and medium-siz
Bangalore (Karnataka) [India], December 10: FinBox, a leading digital credit infrastructure and risk intelligence provider, today announced the launch of Journey Studio - a platform that allows banks, NBFCs, and Lending Service Providers (LSPs) to launch new digital journeys for products lik
The unsecured MSME business loans, which comprise nearly 6% of NBFC AUM, have seen an increase in delinquencies amidst higher borrower leverage and adjacencies with the microfinance customer segment, Crisil Ratings said.
Mumbai (Maharashtra) [India], October 17: In a significant development for India's banking sector, Central Bank of India (CBI) has successfully completed the first fully digital supply chain finance transaction on the PSB Xchange platform offered by PSB Alliance, a unified multi-lender platf
According to the press release by SBI, the bank launched 'SME Digital Business Loans' during 2023-2024, enabling MSME entrepreneurs to apply online for credit requirements of up to Rs 5 crore. MSME advances have been identified as the focal point for the Bank's growth and profitability over
Pune (Maharashtra) [India], September 19: Bajaj Markets supports micro, small, and medium enterprises (MSMEs) with specially designed business loans catered to fuel their growth and expansion plans. On Bajaj Markets, one can get flexible loan amounts at competitive interest rates starting fr
Pune (Maharashtra) [India], September 11: Bajaj Markets offers access to collateral-free business loans designed to empower entrepreneurs and business owners with quick access to capital. This ensures a seamless borrowing experience, with minimal documentation and accelerated approval timeli
New Delhi [India], September 3: Digamber Capfin Limited) (Digamber Finance), One of India's leading NBFC-MFIs announced a strategic move into the small business loan category with plans to launch dedicated services across 10 states in FY 2025-26, starting with the opening of its first Small
Pune (Maharashtra) [India], August 22: Bajaj Markets offers a quick and hassle-free way for entrepreneurs and business owners to secure instant business loans online. With a fully digital application process, borrowers can apply from the comfort of their home or office without extensive pape