Driving a wide spectrum of MSME initiatives
Banking Frontiers|August 2023
SIDBI has made significant strides in developing many digital ecosystem initiatives and applying financial
Driving a wide spectrum of MSME initiatives

Sivasubramanian Ramann will explore new areas/collaborations in FY2024 to address the various challenges faced by the MSME sector

SIDBI has made significant strides in developing many digital ecosystem initiatives and applying financial tools to encourage MSMEs to embrace green practices. Along with the financing role, SIDBI has remained at the forefront of developing innovative solutions to address challenges faced by the MSME sector. SIDBI has leveraged the India Stack to undertake new digital initiatives to strengthen the MSME ecosystem.

PLATFORM & APP

SIDBI has developed Udyam Assist Platform to bring Informal Micro Entities (IMEs) into formal economy by issuing Udyam Certificate. This shall enable access to markets, financial services, and government schemes to IMEs. Over 3 million IMEs have registered as part of the project.

SIDBI has developed a new app named GST Sahay, which facilitates collateral free lending based on cashflow assessment. The app would digitally provide ‘on tap’ invoice-based collateral-free financing to MSMEs.

この記事は Banking Frontiers の August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Banking Frontiers の August 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BANKING FRONTIERSのその他の記事すべて表示
EC tests the prowess of DLT through a sandbox
Banking Frontiers

EC tests the prowess of DLT through a sandbox

The European Blockchain Regulatory Sandbox is helping regulators to understand the benefits of blockchain in financial services domain:

time-read
3 分  |
February 2025
GDPR vs DPDP & what it means to BFSI
Banking Frontiers

GDPR vs DPDP & what it means to BFSI

The recently enacted Digital Personal Data Protection Act, 2023, of India, has cast itself as a game-changing framework for addressing the privacy and data protection needs of a rapidly digitizing nation.

time-read
5 分  |
February 2025
Insurance, investments & financial planning for women to rise
Banking Frontiers

Insurance, investments & financial planning for women to rise

What percentage of your customers are women? What percentage of your overall business comes from women customers? How have both these figures changed over the last few years?

time-read
2 分  |
February 2025
AIMING WITH AI
Banking Frontiers

AIMING WITH AI

An organization can have multiple goals with Al. We have selected 3 key goals Front Office, Back Office and Strategic Decisions. Six CIOs/CTOS/ CDOs from India, Sri Lanka, Uganda, Nigeria and Ecuador share their perspectives on these 3 goals and on skills, consultants and partners:

time-read
10+ 分  |
February 2025
SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes
Banking Frontiers

SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes

The State Bank of India (SBI), the two new deposit schemes-Har Ghar Lakhpati and SBI Patrons-designed to offer customers greater financial flexibility and value.

time-read
1 min  |
February 2025
L&T Finance collaborates with Amazon Finance India for innovative credit solutions
Banking Frontiers

L&T Finance collaborates with Amazon Finance India for innovative credit solutions

L&T Finance (LTF) has entered into a multi-year strategic partnership with Amazon Finance India to co-develop cuttingedge credit solutions designed to enhance affordability for eligible Amazon customers and merchants.

time-read
1 min  |
February 2025
Pay Later extended to stocks
Banking Frontiers

Pay Later extended to stocks

Paytm Money has launched the 'Pay Later' margin Pay trading facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront.

time-read
1 min  |
February 2025
30% for EV, 30% for Solar
Banking Frontiers

30% for EV, 30% for Solar

ADB has invested US$25 million in Vivriti Capital's first climate bond for renewable energy and EV infrastructure. Smitha Jain Arora, Head Sustainability & Impact, lays the road ahead:

time-read
2 分  |
February 2025
Professional competencies must complement AI
Banking Frontiers

Professional competencies must complement AI

Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor, navigates the challenges of costs and skills shortages along with the opportunities of AI and innovation:

time-read
3 分  |
February 2025
RBI issues stringent guidelines to combat mobile number fraud in digital transactions
Banking Frontiers

RBI issues stringent guidelines to combat mobile number fraud in digital transactions

The widespread adoption of digital transactions, while providing unparalleled convenience and efficiency, has also led to an increase in fraudulent activities, raising serious concerns that require collective action.

time-read
1 min  |
February 2025