Jar is pivoting to MSME loans

What will happen to these startups who allow gold investments now? 😂

- FlexiLoans has raised INR 290 Cr (around $34.5 Mn) in its Series C funding round from investors including Accion, Maj Invest, Nuveen, and Fundamentum. - The new funds will help FlexiLoans expand its product offerings and grow its business. - The fintech startup has disbursed over INR 7,000 Cr in loans across more than 2,100 towns and cities. - FlexiLoans plans to enter the supply chain financing market and partner with traditional corporate finance platforms. - Founded in 2016, FlexiLoans targets SMEs and underserved segments with quick and flexible loans. Source: [Inc42](https://inc42.com/buzz/flexiloans-bags-inr-290-cr-from-accion-others-to-boost-its-msme-lending-play/)

As most of the people here are working in corporates and most of them belong to the top 1% , i want to know the opinion of this segment of people about the modi government as problems faced by these people are totally different from the other population . Has the Modi government helped in growing businesses in any form ?

What are the best ways to underwrite and acquire micro and small businesses today on digital platform? Seeing and hearing a lot of: "oh MSMEs are not digital in India", "Need a big field sales team", and "Have to go and physically collect documents to make it work" ideas Any best practices that you have seen work apart from the orthodox?

Hi, I am F 30 hold 12 years of Experience and VLCC certified and experienced in Rusina hairstyles, own a Salon, I a, actively looking for some good Loans through Govt but a bit confused about how to proceed further which one is good and help me benefit in scaling my salon

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead. Personally, I can't afford to go through another layoff this year :')

Hello, I have been running my Recruitment and HR consulting firm as a proprietor for the last 2 years and doing pretty fine. I now have a good number of clients which suffice to expand our services. Hence, I am planning to set up an office in Pune and hire a team of recruiters. However, I need some funding of around 8 Lakh to run the operations. I heard about various MSME Loans but not sure how to go about it. I am urgently seeking a help to understand the process.

When the whole world is coming to India for FTAs, this guy is writing a suicide story for already crippled Canadian economy. A “could be” statement from a Prime Minister 🥱

A big challenge for arguably most early stage startups is going from 2-3 lakhs per month to 5-10 lakhs per month and more in revenue. Market is willing to provide credit or loans for the latter but not the former. It's the former that need it more but there are no collateral free loan options in the market that are reasonable. Even though India collects hefty tax and revenue from global businesses with digital platforms and products, it's unwilling to provide collateral-free loans to startups born in India. The best you can get is from NBFCs or private lenders at more than 12-15% interest (which is often more than the net profit for a lot of startups, hence impractical). Most govt loans and schemes aren't applicable to a large portion of startups because of their criteria. Even setting up the company can often take months. GST and taxes are a nightmare. Where is this "ease of business" that people talk about? Unless entrepreneurs bankroll everything from their own pockets, there is almost no way for bootstrapped startups to build and grow sustainably in India. I've never met a single entrepreneur who availed a govt scheme to get loans for their business in India. I wonder where all that budget money went.