MSME

MSME

SME Finance: Fourth G20 GPFI Meet To Be Held In Mumbai on Sept 14–16

Opportunity India Desk Sep 13, 2023 - 2 min read

Under the last leg of India’s G20 presidency, the Fourth Global Partnership for Financial Inclusion (GPFI) Meeting will be held in Mumbai from September 14–16. The ongoing work regarding the financial inclusion agenda under G20 India Presidency in areas of Digital Financial Inclusion and SME Finance will be discussed in the ...

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MSME

Tata Power, SIDBI Ink MoU To Fund MSMEs’ Solar Initiatives

Opportunity India Desk Sep 13, 2023 - 2 min read

Tata Power Solar Systems Limited (TPSSL), a company specialized in solar energy services, has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) to provide an easy financing option for micro, small and medium enterprises (MSMEs) for solar energy adoption. The partnership has also launched ‘The Big Solar ...

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MSME

Key Government loan Schemes To Empower India’s MSMEs

Opportunity India Desk Sep 12, 2023 - 8 min read

With around 30 per cent contribution, MSMEs are considered the spine of India’s GDP. For India’s fast growing medium, small, and micro enterprises, the government has rolled out a series of initiatives aimed at boosting economic growth, fostering entrepreneurship, and providing financial support. These schemes are designed to empower MSMEs by providing accessible loans and ...

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MSME

SBI Card launches ‘SimplySAVE Merchant SBI Card’ for easy short-term credit to MSMEs

Opportunity India Desk Sep 07, 2023 - 9 min read

In order to cater to their short-term credit requirements, the SBI Card has launched a ‘SimplySAVE Merchant SBI Card’ for micro, small, and medium enterprises (MSMEs). “SimplySAVE Merchant SBI Card will ensure easier and timely access to formal credit to MSMEs as they contribute significantly towards the ...

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ZEVO Secures Funding from Agility Ventures to Boost Growth

Opportunity India Desk Aug 23, 2023 - 3 min read

ZEVO, an electric supply chain and warehousing platform has raised an uncertain amount of funding from Agility Ventures which will be utilized to further expand ZEVO's fleet of electric vehicles and micro storages, focusing on last-mile delivery and integrated logistics solutions along with electric refrigerated deliveries.ZEVO is a unique platform that revolutionises supply ...

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KVI Activities To Empower Artisans In Tamil Nadu

Opportunity India Desk Aug 21, 2023 - 1 min read

Khadi and Village Industries Commission (KVIC) has inaugurated several KVI activities in Tamil Nadu at at SITRA, Coimbatore. The activities were launched by Manoj Kumar, Chairman, KVIC who on two day visit to the state. Presiding over a Khadi Karigar Sammelan, he expressed gratitude for the love and care extended by the Tamil people. He ...

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RBI Keeps Repo Rate Unchanged At 6.25 Per Cent

Opportunity India Desk Aug 10, 2023 - 2 min read

The Reserve Bank of India (RBI) on Tuesday kept the repo rate unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent, RBI Governor Shaktikanta Das said. The Monetary Policy Committee (MPC) met on August 8, 9, and 10, 2023 and after detailed deliberation on ...

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MSME

Need For More Robust Support For Specialized Chemicals: Sitharaman

Opportunity India Desk Jul 28, 2023 - 2 min read

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said that there is need for more robust support for specialized chemicals in India. Bringing attention towards the market of Specialty chemicals which is growing exponentially at 12 per cent CAGR, she said, “There is need for more robust support for specialized chemicals. The emergence of ...

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YES BANK Launches UPI Payments Through Rupay Credit Cards

Opportunity India Desk Jul 26, 2023 - 3 min read

YES BANK on Wednesday launched UPI payments through RuPay Credit Cards to make credit-based transactions easier for its customers, the bank said in a statement. Through this launch, customers can now link their YES BANK RuPay Credit Card with UPI-enabled apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, PayZapp, among others, making credit ...

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LoanTap, Mufin Green Finance To Make EV Loans Accessible

Opportunity India Desk Jul 19, 2023 - 2 min read

LoanTap Financial Technologies Private Limited has joined forces with Mufin Green Finance Limited to accelerate the growth of electric two-wheeler financing in India. In a groundbreaking partnership, the two companies are set to reshape the nation’s electric vehicle (EV) landscape by offering attractive loan options to empower consumers and promote sustainable mobility. As the demand ...

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