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Serentica secures Rs 2600 crore funding from PFC for its renewable energy projects
Funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid renewable energy projects in Karnataka.Read more
SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more
Greening Enterprise Eco system, SIDBIs dedicates Mission 50K-EV4ECO
Small Industries Development Bank of India (SIDBI) with the aim to strengthen the EV ecosystem, launched Mission 50K-EV4ECO which will unlock the market by providing better financing terms for electric two- wheeler, three-wheeler, and four-wheeler (2W, 3W and 4W) vehicles purchase. Read more
Razorpay acquires Bengaluru based TERA Finlabs to support MSME sector
Razorpay disclosed that the acquisition of TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competencies in capital solutions, credit underwriting and data-driven risk management.Read more
HDFC Bank grows by 30 per cent on MSME lending
A major part of this success can be attributed to the MSME books and has been supporting this vital part of the economy during the pandemic.Read more
Create dedicated lending window for MSME sector: R Narayan
The year 2018 has been a mixed bag for MSMEs in India. “For a sector that employs over 100 million people and contributes 28.77 per cent to the nation's GDP, the proactive initiatives introduced by the Government are a step towards neutralising the MSMEs’ extraneous suffering. Read more
Create dedicated lending window for MSME sector: R Narayan
As 2019 dawns upon us, the performance of India’s MSME sector will be critical in moulding the growth trajectory of the Indian economy, says R Narayan, Founder & CEO, Power2SMERead more
Rs 300 million debt from SBI to Aye Finance will benefit the MSME sector
Aye Finance, one of the upcoming money lenders of Micro, Small and Medium Enterprises (MSME) has raised Rs 300 million from SBI recently. The startup will be focussing to offer an affordable line of credit to the micro and small enterprises.Read more
