#CreditAccess

[guy-vamos]

AI-based credit scoring is revolutionizing the financial industry! With advanced algorithms and machine learning, it provides more accurate and fair assessments of creditworthiness. This technology analyzes a broader range of data, reducing bias and helping more people access credit. It's a game-changer for those previously overlooked by traditional methods. Ready to dive deeper into how AI is transforming credit scoring?

Read more:

[banknomics]

CreditAccess Grameen Limited NCD IPO 2023

CreditAccess Grameen Limited, headquartered in Bengaluru, stands as a prominent Indian micro-finance institution. According to MFIN India, this company holds the distinction of being India’s largest NBFC-MFI concerning the gross loan portfolio as of March 2023.

The foundation of the company’s success lies in its customer-centric approach, a diverse array of product offerings, and a finely tuned product delivery and collection framework. This synergy has led to the achievement of commendable customer retention rates and minimal credit costs.

A core aspect of CreditAccess Grameen Limited’s operations revolves around catering to the needs of customers residing in rural pockets of India. These regions are often underserved by the formal banking sector, thereby presenting an untapped potential for providing micro-loans.

As of June 30, 2023, the company has established its presence across 353 districts in 14 states (namely Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) in India. This expansive network comprises 1,826 branches and a dedicated workforce of 17,391 employees. Notably, the company caters to an active consolidated customer base of 44.2 lakhs, as of June 30, 2023.

[ljlcorp]

Lowongan Kerja dari PT Bina Artha Ventura (Bina Artha) Maret 2025

Berikut kami sampaikan informasi Lowongan Kerja dari PT Bina Artha Ventura (Bina Artha).

PT Bina Artha Ventura (Bina Artha) is a fast growing Venture Capital Company actively engaged in the microfinance sector in Indonesia since December 2011.

Bina Artha offers working capital through a modified version of the traditional microfinance Grameen group methodology exclusively to women who do not have or have only partial access to the formal financial sector. In addition, Bina Artha provides access to business loans for small enterprises.

Currently, Bina Artha provides its services through an extensive network of almost 346 branches reaching over 382,412 clients in Java and Sulawesi islands, and plans to gradually expand to other islands of Indonesia.

Bina Artha is inspired by the ideal that giving access to finance to low income households engaged in micro and small enterprises provides them with an important tool to achieve economic and social upliftment. Bina Artha thrives to work in a fair, transparent, efficient and sustainable manner and we have a quite ambitious dream: to reach 1,000,000 households with our financial services in the next few years.

Bina Artha is part of CreditAccess Asia, a € 1106 million assets credit group, head-quartered in Amsterdam, managing integrated microfinance operations in India and South-East Asia (Indonesia and the Philippines), serving 3 million self-employed and micro-enterprise clients.

Bina Artha is registered and regulated by the Financial Services Authority (Otoritas Jasa Keuangan-OJK).

Saat ini, PT. Bina Artha Ventura membuka lowongan kerja di Perbaungan dan Air Batu, Sumatera Utara untuk posisi berikut ini:

ACCOUNT OFFICER

BUSINESS OFFICER

Selengkapnya baca di 👇👇👇 https://www.lokerinone.com/2019/10/pt-bina-artha-ventura.html

[techpedo]

What is a prepayment penalty on a personal loan and how does it affect you?

Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services. Also Read | 10-minute personal loans: Fast money or a fast track to debt? Due to the rapid distribution of loans we are…

[f2aditya]

Instant, Smart & Secure Loans! Fintech is revolutionizing credit access with AI-driven approvals, BNPL solutions, and blockchain-backed security. Say goodbye to complex paperwork and hello to seamless borrowing!

Curious to know how fintech is reshaping the lending landscape? Click the link below! 🚀✨

[udyamregister]

How Udyam Registration Helps Small Businesses Access Credit and Subsidies

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of India's economic system, contributing significantly to GDP, employment, and exports. However, one of the number one demanding situations confronted by using small organizations is access to formal credit score and financial subsidies. 

Recognizing this, the Government of India added the udyam certificate download pdf  initiative to empower MSMEs with the aid of simplifying their registration system and unlocking numerous monetary advantages, which includes less difficult access to credit score and subsidies.

This article delves into how Udyam Registration helps get right of entry to credit and subsidies for small companies and the transformative effect it has on the MSME zone.

What is Udyam Registration?

Udyam Registration is a central authority-led initiative geared toward registering and formalizing MSMEs in India. Replacing the earlier Udyog Aadhaar Memorandum (UAM) device, the Udyam portal simplifies the process of categorizing corporations as micro, small, or medium companies based totally on their investment and turnover. This initiative also offers MSMEs with a completely unique identity number, enabling them to get right of entry to diverse government blessings, inclusive of loans, subsidies, and protection under government schemes.

Key Features of Udyam RegistrationPaperless and Hassle-Free Process:

ALSO READ: udyam certificate download

Udyam Registration is entirely online and requires minimal documentation.

The system is Aadhaar-related, making it easier for entrepreneurs to register their corporations.

No Registration Fees:

The procedure is free from fee, making sure accessibility for all agencies, regardless of their economic ability.

Lifetime Validity:

Once registered, the Udyam certificates is valid for the lifetime of the commercial enterprise, doing away with the want for periodic renewals.

Integration with Other Portals:

The Udyam portal is integrated with databases just like the Goods and Services Tax Network (GSTN) and Income Tax Department, streamlining compliance.

The Challenges Faced with the aid of Small Businesses in Accessing CreditAccess to credit is vital for the growth and sustainability of small organizations. However, MSMEs frequently face massive barriers, inclusive of:

Lack of Collateral: Banks and economic institutions generally call for collateral to sanction loans, which many small agencies can't provide.

High Interest Rates: Without formal credit statistics, MSMEs are frequently challenge to better interest rates.

Lengthy Approval Processes: Traditional mortgage approval strategies are time-consuming and require good sized documentation.

Limited Awareness: Many MSME proprietors are ignorant of authorities schemes and monetary merchandise designed to support them.

Udyam Registration addresses these challenges via imparting businesses with formal recognition and get entry to an extensive variety of monetary incentives and schemes.

How Udyam Registration Facilitates Access to Credit.

1. Formal Recognition Enhances CredibilityUdyam Registration presents companies with a central authority-recognized identity, enhancing their credibility inside the eyes of monetary establishments.

A registered MSME is much more likely to be considered truthful and eligible for loans.

2. Priority Sector Lending (PSL)Banks are mandated to allocate a specific portion in their overall lending to the Priority Sector, which includes MSMEs.

Udyam-registered groups automatically qualify for PSL, ensuring that banks prioritize their credit score needs.

3. Collateral-Free LoansRegistered MSMEs can avail of collateral-free loans below the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.

This scheme reduces the threat for lenders and provides economic aid to small agencies with out the need for collateral.

4. Subsidized Interest RatesUdyam-registered businesses are eligible for loans at sponsored interest charges below numerous government schemes, decreasing their monetary burden.

For example, schemes just like the Pradhan Mantri Mudra Yojana (PMMY) offer affordable financing alternatives for micro-companies.

5. Access to Working CapitalRegistered MSMEs can without difficulty get right of entry to operating capital loans to fulfill their short-time period operational charges.

These loans are often supplied below favorable terms, making sure smooth commercial enterprise operations.

How Udyam Registration Unlocks Subsidies for MSMEs.

1. Technology Upgradation Subsidy Udyam-registered corporations can avail of subsidies under the Credit Linked Capital Subsidy Scheme (CLCSS) to improve their era and equipment.

This scheme encourages groups to undertake cutting-edge gear and enhance productivity.

2. MSMEs registered below Udyam are eligible for export subsidies and concessions, permitting them to expand their attain to international markets.

Programs like the Market Development Assistance (MDA) scheme guide businesses in participating in international trade gala's and exhibitions.

Three. Electricity Bill ConcessionsMany states provide energy invoice subsidies to Udyam-registered MSMEs, decreasing operational fees.

This is especially beneficial for manufacturing devices with high power intake.

4. Tax BenefitsUdyam registration makes MSMEs eligible for diverse tax exemptions, such as reduced GST rates and exemption from direct taxes beneath unique situations.

Five. Subsidies for Quality CertificationRegistered MSMEs can obtain economic assistance for acquiring high-quality certifications like ISO, which enhance their marketability and credibility.

Real-World Impact of Udyam Registration.

Case Study 1: Enabling Growth for a Small ManufacturerA small fabric producer in Gujarat struggled to steady funding for brand spanking new equipment because of a lack of collateral. After acquiring Udyam registration, the business certified for a collateral-unfastened mortgage below the CGTMSE scheme and obtained a subsidy for upgrading its device underneath the CLCSS program. This now not most effective advanced the company’s productivity but additionally boosted its competitiveness within the market.

Case Study 2: Expanding Export OpportunitiesAn artisan collective in Rajasthan benefited from Udyam registration by accessing export subsidies and participating in international alternate fairs through the MDA scheme. This recognition enabled them to increase their customer base internationally and growth revenue.

How to Register for UdyamRegistering for Udyam is a straightforward method:

Visit the Udyam Portal.

Provide Aadhaar Details: Enter the Aadhaar variety of the commercial enterprise proprietor.

Fill in Business Information: Provide details about the commercial enterprise, which include funding, turnover, and activity.

Verify Information: The portal will verify the statistics thru included databases.

Receive Udyam Certificate: Upon a success registration, an Udyam Certificate is issued, which may be downloaded and used to avail benefits.

Conclusion

 udyam registration form is a recreation-changer for MSMEs in India, bridging the space among small groups and formal financial structures. By providing reputation, facilitating get right of entry to to credit score, and unlocking subsidies, the initiative empowers marketers to conquer financial obstacles and focus on growth and innovation. For any small enterprise owner, acquiring Udyam registration is a essential step toward securing economic balance and tapping into government support.

[ryz-market]

CreditAccess Grameen shares down 6% after Q2 profit down 46%

[optionperks]

Top Gainers and Losers today on 2 May, 2024: Bharat Petroleum Corporation, Power Grid Corporation Of India, Kotak Mahindra Bank, Tata Consumer among most active stocks; Check full list here

The Nifty closed at 22604.85, up by 0.19%. Throughout the day, the Nifty reached a day high of 22710.5 and a low of 22567.85. The Sensex traded in the range of 74812.43 and 74360.69, closing 0.17% up at 74482.78, which was 128.33 points above the opening price. The top gainers in the Nifty index were Bharat Petroleum Corporation (up 4.49%), Power Grid Corporation Of India (up 3.89%), Asian Paints (up 3.46%), Bajaj Auto (up 2.32%), and Tata Motors (up 1.97%). On the other hand, the top losers in the Nifty index were Kotak Mahindra Bank (down 2.97%), Tata Consumer (down 1.55%), Bharti Airtel (down 1.38%), Axis Bank (down 1.38%), and HDFC Life Insurance Company (down 1.25%). The Bank Nifty ended at 49396.75, with an intraday high of 49529.35 and a low of 49123.6. The Bank Nifty has shown the following performance:

In the last 1 week: 1.54%

In the last 1 month: 3.56%

In the last 3 months: 7.11%

In the last 6 months: 14.47% Sensex:

Top gainers: Power Grid Corporation Of India (up 3.91%), Asian Paints (up 3.36%), Tata Motors (up 1.99%), NTPC (up 1.72%), and Tata Steel (up 1.45%)

Top losers: Kotak Mahindra Bank (down 2.95%), Axis Bank (down 1.41%), Bharti Airtel (down 1.26%), Wipro (down 1.09%), and ICICI Bank (down 1.05%) Nifty:

Top gainers: Bharat Petroleum Corporation (up 4.49%), Power Grid Corporation Of India (up 3.89%), Asian Paints (up 3.46%), Bajaj Auto (up 2.32%), and Tata Motors (up 1.97%)

Top losers: Kotak Mahindra Bank (down 2.97%), Tata Consumer (down 1.55%), Bharti Airtel (down 1.38%), Axis Bank (down 1.38%), and HDFC Life Insurance Company (down 1.25%)

Nifty MidCap 50:

Top gainers: Hindustan Petroleum Corporation, Ashok Leyland, Bharat Heavy Electricals, Escorts Kubota, and GMR Airports Infrastructure

Top losers: Godrej Properties, Max Healthcare Institute, Yes Bank, Astral, and Dalmia Bharat Nifty Small Cap 100:

Top gainers: Raymond, Indiamart Intermesh, Triveni Turbines, CESC, and RITES

Top losers: Castrol India, Tejas Networks, Creditaccess Grameen, Five Star Business Finance, and Great Eastern Shipping Company

[purpleloveenthusiast]

CreditAccess Grameen to target affordable housing through co-lending model: CFO Balakrishna Kamath

Bengaluru-based CreditAccess Grameen, India’s largest microfinance lender, will target affordable housing through the co-lending model, Balakrishna Kamath, Chief Financial Officer, told Moneycontrol in an interview on November 20. “For co-lending, we could look at affordable housing. That is one plan we have. We have just launched the product. Going forward, we could look at a co-lending model…

[moneywellglobal]

Stocks to Watch: Infosys, HUL, L&T, IndusInd Bank, M&M, IndiaMart

[petnews2day]

Creditaccess Grameen to go into guaranteed financing section; NCD released

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/creditaccess-grameen-to-go-into-guaranteed-financing-section-ncd-released/?utm_source=TR&utm_medium=Tumblr+%230&utm_campaign=social

Creditaccess Grameen to go into guaranteed financing section; NCD released

Microfinancier Creditaccess Grameen, which has actually been just providing collateral-free loans to ladies, is going into the guaranteed financing side with house, automobile and gold loans in addition to SME financing, a leading business authorities. The Bengaluru-headquartered NGO-turned microlender, which went public in 2018 with a 400 crore-IPO, is the biggest microfinancer in regards to […]

See full article at https://petnews2day.com/pet-industry-news/pet-financial-news/creditaccess-grameen-to-go-into-guaranteed-financing-section-ncd-released/?utm_source=TR&utm_medium=Tumblr+%230&utm_campaign=social #PetFinancialNews

[impactng]

Loan grant: SMEDAN wants BVN as collateral to access credits

Following the strict access to loan for small and medium enterprises, the Small and Medium Enterprises Development Agency (SMEDAN) has called for the use of Bank Verification Number (BVN) as collateral to access micro-credits by the Micro, Small and Medium Enterprises (MSMEs). The Director General of the agency, Dr Dikko Radda, made the call in Uyo at the 11th meeting of the National Council on Industry, Trade and Investment organised by the ministry. Dikko said that the banking industry could consider the BVN as adequate requirement to provide micro-credits to the MSMEs since it had been embedded with critical details of the owner. Decrying lack of access to affordable finance by MSMEs, he expressed optimism that as Mpesa revolutionised access to finance in Kenya, BVN could create access to finance for informal entrepreneurs in Nigeria. “This can change the story line of the sub-sector. “The Nigerian banks can look at the idea as an option to provide micro-credits to boost the MSMEs and foster economic development,” he said. Presenting a paper entitled, “The Role of Small and Medium Enterprises and Entrepreneurship As Bedrock for the Development of Developing Economies’’ he decried many challenges facing the MSMEs. He identified lack of access to affordable finance as one of such challenges. Dikko said the challenges notwithstanding, MSMEs played pivotal role in economic development beyond employment generation to creating opportunities for Foreign Direct Investment (FDI). He also noted that MSMMEs had contributed to technological innovation, helped in addressing youth restiveness and insecurity and improved standard of living as well as direct creation of wealth and reduction of poverty. The Director-General also said that MSMEs’ contribution to the manufacturing sector and Gross Domestic Product was significant in terms of share in total value added. Citing the 2017 MSMEs survey report, he noted that there were over 41 million MSMEs in four major sectors in Nigeria (wholesale and retail trade, agriculture, manufacturing and accommodation). According to the report, some of the MSMEs usually experience closure of business due to lack of funds, economic meltdown, and low patronage and inadequate power supply. He called for increased pool of fund and patronage to enable MSMEs take advantage of African Growth and Opportunity Act (AGOA) and African Continental Free Trade Area agreement export windows. The MSME boss also called for increased patronage of MSMEs in the procurement process of the federal, state and all local governments, to address the issue of access to markets. Read the full article