Finance Ministry to Launch Digital Credit Assessment Model for MSMEs in December

26 Nov 2024 CW Team

The Finance Ministry is set to launch a digital credit assessment model for Micro, Small, and Medium Enterprises (MSMEs). This model, which was announced in the Budget 2024, aims to simplify loan access by utilizing MSMEs’ digital footprints, providing an alternative to traditional credit assessment methods.

The new framework is designed to aid MSMEs that often lack formal documentation and have trouble obtaining loans. The model will use digital data from business-related activities such as employee salary payments, utility bills, and bank transactions to assess the creditworthiness of businesses, especially small MSMEs that do not have balance sheets.

The new approach is expected to save MSMEs the costs of obtaining external ratings and provide them with more accessible, low-cost loans. The initiative also integrates with the Rs 100-crore Credit Guarantee Scheme, which will allow MSMEs to secure loans without third-party guarantees or collateral.

With an estimated credit gap of Rs 20-25 lakh crore for MSMEs, this model aims to bridge the funding shortfall, particularly for smaller businesses. This shift from traditional credit assessments to a digital-first approach marks a significant step in enhancing credit availability for MSMEs.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..