MSMEs
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Himanshu Rawat Jan 18 2024 - 6 min readMicro, small, and medium enterprises (MSMEs) are widely recognized as the growth engines propelling the Indian ecosystem forward. These enterprises, crucial to India's economic landscape, contribute approximately 30 per cent to the GDP, account for 48 per cent of exports, and provide employment to over 11 crore individuals. As the Union ...
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Opportunity India Desk Jan 17 2024 - 2 min readUnion Commerce Minister Piyush Goyal has unveiled plans for the Trade Connect ePlatform, a digital initiative aimed at boosting the involvement of micro, small, and medium enterprises (MSMEs) as well as startups in the export sector. The platform, set to be operational within the next three to four months, acts as an intermediary ...
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Opportunity India Desk Jan 03 2024 - 2 min readScheduled Commercial Banks (SCBs) directed INR 23.36 lakh crore towards Priority Sector Lending in micro, small, and medium enterprises in November 2023, marking a 21.9 per cent surge from INR 19.16 lakh crore deployed in the same month the previous year, according to the data on sectoral credit deployment released by the Reserve ...
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Opportunity India Desk Jan 02 2024 - 2 min readNon-banking financial companies (NBFCs) have experienced major growth in loans extended to micro, small, and medium enterprises, surpassing that of traditional banks by over three times, according to a report released by the Reserve Bank of India (RBI). The central bank's latest assessment of the banking sector's performance for the fiscal years 2022-23 ...
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Opportunity India Desk Dec 20 2023 - 2 min readInternovo Ventures, a collaboration between Interface Ventures and Novostack, has unveiled its cutting-edge fintech platform, Indibook, to streamline record-keeping, accounting, and lending for small businesses. Following the acquisition of Mera Cashier in February 2023, Internovo Ventures has undergone a comprehensive overhaul of the platform's UI/UX, functionality, and features, reintroducing it as Indibook. The ...