SMEs – Page 2 – Bada Business

Mumbai, October 2: BharatPe is gearing up for loan disbursal ahead of the festive season as it believes that the MSME sector will revive soon. The company announced that it has already disbursed loans to the tune of Rs 150 crore in the ongoing quarter with the help of its partners and it has thus become the top fintech lender for merchants in the pandemic.

The Small and medium-sized retail businesses are prepping up and gearing for the upcoming festive season. This surely comes as a ray of hope amid the gloom in the market amid the coronavirus pandemic.

BharatPe in September alone recorded over Rs 80 crore in disbursement and it targets disbursing Rs 1,000 crore in the rest of the FY21. It has plans of ramping up the loans disbursal figure by seven times this year, according to the Financial Express report.

Taking full advantage of this time, the company also plans to focus on launching new products for merchants with an aim to help their business grow. BharatPe currently allows loans in the range of Rs 20,000 to Rs 7 lakhs for up to 15 months tenure. The merchants can repay the loan amount in the form of small daily or weekly instalments.

Good News For SMEs! BSE Joins Hands With Yes Bank to Empower Small And Medium Enterprises

Mumbai, September 30: Bombay Stock Exchange (BSE) on Monday said it has signed a pact with Yes Bank to empower the small and medium enterprises (SMEs) listed on the platform. In a statement, BSE said that the pact aims at empowering the SME segment through awareness and knowledge-sharing programmes.

According to a PTI report, BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions. The bank will also offer customised services and products to the listed SME members of the platform.

Ajay Thakur, head BSE SME and startups said, “We are happy to associate with Yes Bank and jointly work towards helping SMEs scale and develop themselves. BSE is the largest SME Platform which will provide the SME clients of Yes Bank.”

SME sector generates maximum employment in the country and is a key priority segment for the bank. The bank will remain focused on playing an active role in contributing to this vital economic growth engine and further strengthen the share of the SME segment in the total loan book. The entire objective is to empower SMEs to become more competitive and fast-track their growth through solutions that address their business challenges.