Why offline retailers are key to India’s MSME boom
Dec / 20 / 2024
For years, offline retail has served as a vital component of local communities. MSMEs (Micro, Small, and Medium Enterprises) are intricately woven into the fabric of Indian commerce. These brick-and-mortar businesses are a testament to the enduring spirit of entrepreneurship...
READ
MORE
Can financial behaviour data revolutionise MSME funding strategies
Dec / 20 / 2024
Micro, Small, and Medium Enterprises (MSMEs) lie at the center of development in the Indian economy, contributing one-third of India’s GDP and employing nearly 120 million people across all industries. However, the business growth journey for these MSMEs remains challenging....
READ
MORE
World Environment Day: How companies are embracing sustainable practices to protect the planet
Dec / 20 / 2024
Climate change and sustainability are no longer confined to boardroom discussions. Creating a sustainable future starts with each one of us adopting green behaviours. A sustainable workplace has become essential for a healthier planet. Click here to read more...
READ
MORE
Indian MSMEs: Unmet Credit Demand Causing Liquidity Issues, Hindering Operations And Growth
Dec / 20 / 2024
The unaddressed credit demand is leading to liquidity issues and inadequate working capital, which impede daily operations and growth potential of micro, small and medium enterprises (MSMEs) which are already facing issues such as debt and delayed payments, experts told...
READ
MORE
MSMEs, India’s growth engine ignited by fintech and financial innovation
Dec / 20 / 2024
India’s Micro, Small, and Medium Enterprises (MSMEs) are experiencing a renaissance. These dynamic businesses, forming the backbone of the economy, are not merely surviving; they’re thriving. A combination of factors – supportive government policies, technological advancements, and a thirst for...
READ
MORE
How do innovative tech and approaches are expanding access to finance for MSMEs, especially in underserved segments?
Dec / 20 / 2024
Technology has come to play a vital and far-reaching role across industries and also helped fuel their growth, similarly the MSMEs and especially the underserved segment has been able to harness the benefit of technology and gain access to finance....
READ
MORE
Innovation in the MSME credit ecosystem
Dec / 20 / 2024
The ecosystem relied heavily on paperwork and lengthy approval procedures, making it difficult for smaller enterprises to navigate. Limited financial histories and and inadequate documentation further worsened the problems faced by MSMEs. Click here to read more...
READ
MORE
NeoGrowth’s profit grows to INR 95 Crore in FY24
Dec / 20 / 2024
NeoGrowth, the MSME-focused digital lender in India, announced its financial results for the FY24 and fourth quarter that ended on March 31st, 2024. Performance Highlights of FY24 • Gross revenue jumped by 57% to INR 601 crore in FY24 •...
READ
MORE
NeoGrowth’s Profit rises to INR 95 Crore in FY24
Dec / 20 / 2024
NeoGrowth, India’s leading MSME-focused digital lender, has unveiled its financial results for the fiscal year 2024 and the fourth quarter ending March 31, 2024, showcasing significant growth and solid financial performance. Click here to read more...
READ
MORE
Neogrowth Credit Pvt standalone net profit rises 115.13% in the March 2024 quarter
Dec / 20 / 2024
Sales rise 69.07% to Rs 173.36 crore Net profit of Neogrowth Credit Pvt rose 115.13% to Rs 21.19 crore in the quarter ended March 2024 as against Rs 9.85 crore during the previous quarter ended March 2023. Sales rose 69.07%...
READ
MORE