NeoGrowth, an online lender in India that specializes in MSMEs, has gone a long way toward empowering female business owners. More than INR 650 crore in loans were distributed to micro, small, and medium-sized enterprises (MSMEs) managed by women in the fiscal year 2024. The result shows a significant 34%
Startups and MSMEs from both India and Australia are being invited to apply for the Climate Smart Agritech cohort of the India Australia Rapid Innovation and Startup Expansion (RISE) Accelerator. This programme is designed to assist businesses that are looking to expand internationally and is a joint effort between the
Since its launch on July 1, 2020, the Udyam Registration Portal (URP) of the Ministry of MSME has recorded that MSMEs owned by women make up 20.5% of all MSMEs registered on the Portal. The employment created by the total Udyam registered units is 18.73%, with 11.15%
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The collaborative report by GetVantage and Redseer Strategy Consultants - The India Digital SME Credit Report 2023 - finds a potential $220 billion credit deficit in MSME funding. Analysts suggest that alternate financing is the way forward for MSMEs to secure funds. The India Digital SME Credit Report 2023 indicates
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This article has been contributed by Mr Parry Singh, Founder and CEO, Red Fort Capital. The micro, small, and medium-sized enterprises (MSME) sector, which accounts for 30% of India's GDP and employs a staggering 111 million people, is vibrant and rapidly growing. In India, there are reportedly more