Mumbai, March 8 Progcap, a fintech company focused on MSMEs, said on Sunday that its ProgShakti initiative has enabled over ₹10,000 crore in credit to women entrepreneurs since its launch in March last year, offering collateral-free loans of up to ₹10 lakh. The initiative aims to provide...
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Mumbai, February 9 The RBI stated on Monday that banks can extend collateral-free loans up to ₹25 lakh to Micro and Small Enterprises (MSEs) based on their good track record and financial standing.The Reserve Bank of India (RBI) has amended the guidelines related to "Lending to Micro, Small &...
Mumbai, February 9 The Reserve Bank of India (RBI) on Monday announced amendments to its lending guidelines for the micro, small and medium enterprises (MSME) sector, increasing the collateral-free loan limit for micro and small enterprises (MSEs) to Rs 20 lakh in a move aimed at improving...