credit
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Opportunity India Desk Jan 19 2024 - 2 min readFinAGG Technologies, a fintech startup providing working capital solutions to micro, small, and medium enterprises, recently secured USD 11 million in a Series A funding round, led by Tata Capital and Schroders-backed BlueOrchard. Notable participants included the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partner. As ...
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Opportunity India Desk Jan 18 2024 - 2 min readThe Bihar Cabinet has sanctioned financial aid of INR 2 lakh for nearly 94 lakh families with a monthly income of INR 6,000 or less, endorsing entrepreneurship and self-employment through the Bihar Small Entrepreneur Scheme. The decision is based on a caste-based survey report, revealing that 94,33,312 families in Bihar fall within this ...
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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 15 2023 - 2 min readGoogle is set to make a strategic investment in digital payments, aiming to strengthen the micro, small, and medium enterprise (MSME) market in India, according to Sanjay Gupta, the country head and Vice President of Google India. Beyond payments, Google aims to enhance India's MSME potential through initiatives focused on financial ...
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Opportunity India Desk Dec 13 2023 - 3 min readThe Jocata-Sumpoorn index, a key indicator of sales activity for credit-seeking micro, small, and medium enterprises (MSMEs), surged to 0.62 in October, signaling a shift from the mild expansion zone, observed over the past five months, to moderate. The rising index suggests a potential breakthrough towards robust growth in the coming months.