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Public sector banks tie up with Veefin Solutions for cloud-based MSME lending platform

Public sector banks in India have partnered with technology firm Veefin Solutions Ltd to offer supply chain financing for micro, small and medium enterprises (MSMEs) on a cloud-based platform. The collaboration, facilitated by PSB Alliance, a group of public sector banks, aims to bridge the estimated Rs 20-25 trillion ($270-340 billion) credit gap for MSMEs. The platform will enable communication between lenders and offer various financing options. ....

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Micro business drives MSME loan growth in Q4: Study

India Business News: MUMBAI: 'Smaller is better' at least when it comes MSME loans. ....

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MSME loan: Banks told to look into MSME loan rejections

The government has asked lenders to look at their credit disbursal practises for micro, small and medium enterprises (MSMEs) following complaints of high rate of rejection of their loan applications. A government official said the banks need to respond within a month. ....

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Digital payment can be used for CMSME loans: Experts

Accepting of digital payment through the personal retail account could pave the way for the country’s cottage, micro, small and medium enterprises (CMSMEs) to avail loans from banking channels, experts said today. ....

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Lack Of Updated MSME Data Hampering Timely Funds Disbursal

One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them ....

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