In order to bolster the AI ecosystem in India, the Centre has come up with a unique mission called the IndiaAI. What exactly is this mission? What are its components? Let's understand.
Banks in India are considering the implementation of a separate rating framework for startups in order to assess their risk profile and provide financing. The move is in response to the government s push for banks to play a larger role in funding startups. A common rating framework would streamline the approval process and ensure timely disbursements.
Despite the government’s push for electric vehicles, banks are reluctant to venture into the EV space due to issues like their resale value. But startups seem to have cracked underwriting EV loans.