Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation the world over
Over 5,000 MSMEs and 10 lakh jobs at risk, says the manufacturer's body.
RBI would issue instructions for appointment of internal ombudsmen in NBFCs for grievance redressal of customers.
The public sector lender will leverage the reach of NBFC to build an MSME portfolio
IFC has committed $590 million in Covid-response deals in South Asia — with additional deals worth over $100 million in the pipeline.
Lenders have disbursed loans worth Rs 9.5 lakh crore to micro, small and medium enterprises in 2020-21.
3% of NeoGrowth's customers explored alternate business opportunities in areas that were booming during the pandemic.
The growth in retail and agriculture loans hint at increased economic activities after relaxations in lockdown across states.
Clix Capital founder Anil Chawla said the company continuously strive to bridge the credit gap in unserved and underserved segments
Nitin Gadkari said: "I want MSMEs to tap stock exchanges and export-oriented entities can grow with the help of foreign investors."