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India is the biggest market for Club Factory: Vincent Lou

Saturday, November 30, 2019, 8:30 PM

India remains the most important markets for Chinese e-commerce-player Club-Factory and its operations are "completely aligned" with the country's policy environment, the company's founder, Vincent Lou said in an interview. India remains the most important market for Club-Factory. We aim to become the leading marketplace in India and to enable the ecosystem to thrive. Very-soon, we plan to open two-new-offices in Bangalore and Mumbai.
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RBI committee recommends increase of loan limits to MSME sector

Thursday, July 25, 2019, 8:04 PM

A Committee constituted by RBI, headed by former SEBI Chairman UK Sinha, has recommended that the limit for collateral free lending should be increased to Rs.20-lakh for MSMEs and SHGs. The Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs 20 lakh from Rs 10 lakh. The recommendations also include a proposed Rs.5,000-crore distressed asset fund for MSMEs.
 
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'42% SMEs in India find accessing finance difficult'

Friday, November 30, 2018, 3:16 PM

For SMEs, accessing finance is the most difficult part and most of them rely on traditional bank loans to run their businesses. A global survey by American Express underlines that 42% of Indian respondents find access to finance to grow business difficult, as compared to a third of their global peers. The survey says that 82% of all SMEs plan to use bank loans.