India has over 6.3 milion MSMEs, with an unmet credit gap of 120 billion USD. According to 2024 Trans Union CIBIL report, only 2.5 million MSMEs have access to formal credit. MSMEs have a high demand for loans under 1 Lakh also known as small ticket loans. The lending process for such loans is often...
New Delhi [India], March 16: Science and Technology Park, Pune (Scitech Park), with support from the Department of Science and Technology (DST), Government of India, is taking a bold step towards creating a future-ready manufacturing ecosystem through the Scitech StepUp ManXL – a NIDHI Accelerator Programme funded by DST. The manufacturing sector has been historically...