ETRise Top MSMEs Ranking: Union Bank CMD says conventional credit worthiness model does disservice to millions of entrepreneurs
Union Bank follows the mantra of ‘Adequate Credit at Appropriate Time’ for MSMEs. It has worked to enhance access and improve the service experience through dedicated branches, equipped with skilled manpower and technology support, and centralised credit underwriting to enhance quality and reduce turnaround time (TAT) significantly.
How structured trade finance solutions help MSME exporters & importers
India's MSMEs and their business owners are finding new-age digital st...
MSME Schemes: Using the Credit Guarantee Scheme to fund your business
MSMEs need easy credit facilities to fulfil the financial requirements ...
MSME lending now fuelled by digitisation and data driven decisions
The latest TransUnion CIBIL- SIDBI MSME Pulse Report shows that commercial credit growth recovery continues at 13.5% YOY growth in the September 18 quarter.
MSE credit cover fund not self-sustaining: RBI
Guarantee of such funds to step in should the borrower default allows borrowers, many of who would otherwise not be eligible for the loans, to get loans at a small fee.
We are mulling increasing funding limits under CGTMSE scheme: MSME Minister Kalraj Mishra
MSME minister Kalraj Mishra said his ministry was considering increasing the funding limits under the CGTMSE schemes for borrowers.
Bharathiya Mahila Bank to open branch in Kerala
The bank would soon have branches in all state capitals as part of its expansion plan and it would have a total of 25 branches by the end of March 2014.
ETRISE Dialogues: Land unavailability, cost overruns hampering MSMEs growth
Highlighting how land acquisitions continue to be a tricky affair for MSMEs, Mahavir Pratap Sharma, Past Chairman, Carpet Export Promotion Council asserted that the government needs to come up with a clear cut policy regarding its ongoing land reforms.
Work begins on collateral-free loan pledge
Government plans a credit scheme under which entrepreneurs will get loans of up to Rs 50 lakh.
Raghuram Rajan has a word of caution on MSME lending
Rajan said achieving credit targets without due diligence can create environment for future NPAs.
Policy and intent needs to go hand-in-hand for MSME financing: Giriraj Singh
He stated that from 2014-2018, 18 lakh entrepreneurs were granted loans which showed positive momentum.
MSMEs key component of India's $5-trillion economy quest: Arun Kumar Panda, MSME Secretary
If we are serious about reaching $5 trillion economy, MSMEs have to play a much bigger role in employment generation, exports, skilling people and making the sector more formalised.
Raising funds: Business loans for the self-employed
In case you are running your own business or a professional carrying out a services business, there are some options available to fund your business when it comes to a bank loan.
How small businesses can get collateral free loans easily
Those keen on starting small businesses can tap government-backed schemes and online lenders for collateral free loans.
A lenders approach to MSME funding and the broad steps followed
For funding the Small & Medium segment, banks rely on credit assessment techniques which are a combination of financial assessment and personal discussion.
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