Msme Loan News

The Gurugram-based firm invests in private market funds, with a focus on venture capital, venture debt, private equity, and private credit.

Kinara Capital has disbursed more than ₹6,200 crore in over one lakh collateral-free business loans. The NBFC has shown strong growth over the past few years with its AUM growing 150% to ₹3,000 crore between FY22 and Q3 FY24. Women-owned MSMEs constitute nearly 12% of its customer portfolio.

Capacity building and technical support through extensive training and upskilling programmes will generate employment, which is needed urgently amid this crisis

RBI makes it mandatory for banks to link all new floating-rate loans for housing, auto and MSEs to repoInterest rate under external benchmark, like repo, should be reset at least once in 3 months, said RBI

We realized that there is a huge credit gap we can bridge by leveraging our learnings in digital payments and transactions, says NeoGrowth MD Piyush Khaitan

NBFC Finova Capital caters to MSME loans of ₹5-6 lakh for a period of up to seven yearsFinova Capital, which has 52 branches in Rajasthan, claims to have disbursed ₹250 crore to 4,500 customers

Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscalMSMEs through this portal can avail loans of up to ₹1 crore in 59 minutes or less than an hour

Tax experts say this relaxation along with increased threshold for composition scheme would encourage more SMEs to file returns and more businesses to opt for this scheme

The turnover limit for businesses availing of the GST composition scheme, which allows them to pay goods and services tax at a flat rate, was raised to 1.5 crore

To address lender uncertainty around SMEs, the government can guarantee to repay a substantial portion of SME debt