Priority Lending Schemes
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Opportunity India Desk Dec 05 2023 - 3 min readIn the latest sectoral deployment data released by the Reserve Bank of India (RBI), scheduled commercial banks extended a gross bank credit of INR 23.15 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in October. The figure reflects an increase of 22.8 per cent compared to the INR ...
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Opportunity India Desk Nov 29 2023 - 3 min readRed Fort Capital Finance Company, an NBFC specialized in lending to small businesses, has introduced an invoice discounting solution aimed at assisting MSMEs in managing working capital gaps. The financial offering involves businesses selling their unpaid invoices to a third-party financier, like a bank, at a discounted rate, enabling swift access to working ...
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Opportunity India Desk Nov 06 2023 - 3 min readScheduled commercial banks extended INR 21.69 lakh crore in credit to micro, small, and medium enterprises (MSMEs) as part of priority sector lending in September 2023, an increase of 17.2 per cent compared to the INR 18.50 lakh crore deployed in September 2022, as per the Reserve Bank of India's (RBI) latest sectoral ...
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Sapna Bhardwaj May 20 2022 - 5 min readAccording to an extensive survey of more than 5,000 MSMEs, conducted by PHD Research Bureau of PHD Chamber of Commerce and Industry for Ease of Doing Business (EODB) for MSMEs, the overall EODB for MSMEs has been observe at 64 on the scale of 100, of which EODB for manufacturing MSMEs is at 67 and ...