Author name: SME Loans

Furthermore, the slowdown in the economy last year has caused significant pain to MSMEs due to high-interest rates in the lending landscape inhibiting their operational capabilities https://bwdisrupt.businessworld.in/article/Reduce-SME-Lending-Rates-Provide-Greater-Credit-Access-Say-Experts/10-01-2024-505420/

Public and private sector banks of India provide loans to eligible businesses and charge interest when equated monthly installments (EMI) begins. Businesses maintaining a credible balance sheet and good credit rating score have a high chance of availing business loans, however, they have to undergo documentation and verification process, and only then the loan is

The embedded finance will cater to the requirements of supply chain finance, business loans, capex loans, factoring and structured finance in the first phase to more than 14,000 manufacturers through over 30 banks and NBFCs https://www.financialexpress.com/business/sme/bizongo-launches-loan-app-next-for-businesses/3359648/

In the dynamic landscape of the Indian financial services sector, recent regulatory guidelines from the Reserve Bank of India (RBI) are catalysing a transformative wave within the financial services ecosystem. While established banking giants appear equipped to navigate the regulatory storm with their diversified portfolios and their adaptive infrastructure, the repercussions for Non-Banking Financial Companies

The 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs) by the government and SIDBI has sanctioned 2.48 lakh loans till January 1, 2024, of which 2.29 lakh loans were disbursed. According to the data available on the MSME Ministry’s dashboard, Rs 85,980 crore loans were sanctioned, as of January 1, while Rs