Dealing With Credit Issues, MSMEs Unsure Of Positive Impact Of Union Budget 2019: Survey
The budget was seen as a good starting point, however, a survey by Namaste Credit has revealed that only 53% of MSMEs believe that the Union Budget 2019 will positively impact MSMEs in the next one year. Further, 26% of them feel the budget may not have any impact on MSMEs - Inc42
WATCH: Say hello to Namaste Credit, the B2B loan marketplace facilitating easy credit for SMEs
Bengaluru-based B2B loan marketplace Namaste Credit is automating the process of underwriting loans. With 80 banks using the platform as of now, the startup has disbursed Rs 1,700 crore so far - YourStory
Namaste Credi has been awarded Skoch Order-Of-Merit for our groundbreaking efforts in Fintech space and the impact it creates in MSME ecosystem of India. We would like to thank Sameer Kochhar and Skoch Group for the recognition.
How Fintech Startups Can Drive Seamless Credit Flow To MSMEs
For India’s 56 million MSMEs (micro, small and medium enterprises), a sector that also provides employment to around 80 million people in the country, driving the country’s economic growth is its bread and butter.
Yet, the difficulty in raising debt or capital from formal sources is widely regarded as the most critical barrier to this growth.