Saturday, January 22, 2022

Get Credit Facility With Business Training, Two Services Launched

There is good news for traders

The All India Management Association (AIMA) has launched a six-month management course for the promoters and managers of Micro, Small, and Medium Enterprises (MSMEs). 

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AIMA said in a statement that the Special Purpose Management Skills Program is aimed at harnessing the knowledge and capabilities of MSME entrepreneurs to adapt to the new economy.

Online courses for MSME

The syllabus was announced at the 11th MSME conference of AIMA. This conference is taking place online. Addressing the conference, AIMA President CK Ranganathan appreciated the increasing support of the Central Government to the MSME sector in the wake of the Corona Virus pandemic. 

He said that the Emergency Credit Facility Guarantee Scheme for MSMEs has saved 13.5 lakh companies from bankruptcy and saved 1.5 crore jobs.

Loan facility for traders

Meanwhile, online payment solutions provider PayU has launched a credit facility of Rs 25,000 for small and large businesses. This will benefit 3.5 lakh PayU merchants. PayU has sent off three items - Marketplace Early Settlement, Priority Settlement and Merchant Lending. 

These measures provide capital access. Manages cash flow and increases liquidity. PayU Solutions for SMBs Rs. 25,000 to Rs. Provide credit amount up to Rs 1 crore. They can be repaid in 1 week to 1 year.

World Bank Estimates

The World Bank estimates that Indian SMBs are facing a credit gap of ₹380 billion. This makes it difficult for them to meet their short-term expenses and manage their day-to-day operations. 

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The new feature of PayU allows merchants to access funds in less than 30 minutes from the time of transaction. It supports businesses like travel and cab aggregators, financial services

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