Godrej Capital and Telangana ink MoU to Boost MSME Growth
ECONOMY & POLICY

Godrej Capital and Telangana ink MoU to Boost MSME Growth

The Telangana government has signed a Memorandum of Understanding (MoU) with Godrej Capital to enhance credit accessibility for Micro, Small, and Medium Enterprises (MSMEs) across the state. This strategic partnership is designed to facilitate large-scale credit penetration, with a strong focus on underserved and first-time borrowers.

By leveraging digital-first lending solutions, the initiative supports the state’s broader vision of inclusive and innovation-driven economic development. One of the key elements of the collaboration is the emphasis on empowering women entrepreneurs through Aarohi, a women-focused initiative by Godrej Capital. This approach aims to strengthen the MSME ecosystem by offering financial support tailored to the unique challenges faced by women-led enterprises.

Telangana, recognized as one of India’s fastest-growing states, has consistently demonstrated its commitment to MSME growth. The recently launched MSME Policy 2024 highlights critical focus areas such as improved credit access, digital adoption, and enhanced infrastructure. The collaboration with Godrej Capital aligns closely with these policy objectives, reinforcing the state’s intent to drive entrepreneurship and economic growth, particularly in emerging business hubs.

Through its subsidiaries, Godrej Capital offers a wide range of financial products to address the diverse needs of MSMEs and individual borrowers. These include Loan Against Property, Udyog Loan Against Property tailored for smaller ticket sizes, and unsecured Business Loans. The partnership is expected to expedite loan disbursal through tech-enabled processes and quick approvals, ultimately enabling MSMEs to scale operations efficiently.

This MoU represents a significant step in bridging the credit gap in Telangana and is poised to create new opportunities for MSMEs, especially women-led businesses, by fostering a supportive, digitally driven lending environment.

News source: Deccan Chronicle

The Telangana government has signed a Memorandum of Understanding (MoU) with Godrej Capital to enhance credit accessibility for Micro, Small, and Medium Enterprises (MSMEs) across the state. This strategic partnership is designed to facilitate large-scale credit penetration, with a strong focus on underserved and first-time borrowers. By leveraging digital-first lending solutions, the initiative supports the state’s broader vision of inclusive and innovation-driven economic development. One of the key elements of the collaboration is the emphasis on empowering women entrepreneurs through Aarohi, a women-focused initiative by Godrej Capital. This approach aims to strengthen the MSME ecosystem by offering financial support tailored to the unique challenges faced by women-led enterprises. Telangana, recognized as one of India’s fastest-growing states, has consistently demonstrated its commitment to MSME growth. The recently launched MSME Policy 2024 highlights critical focus areas such as improved credit access, digital adoption, and enhanced infrastructure. The collaboration with Godrej Capital aligns closely with these policy objectives, reinforcing the state’s intent to drive entrepreneurship and economic growth, particularly in emerging business hubs. Through its subsidiaries, Godrej Capital offers a wide range of financial products to address the diverse needs of MSMEs and individual borrowers. These include Loan Against Property, Udyog Loan Against Property tailored for smaller ticket sizes, and unsecured Business Loans. The partnership is expected to expedite loan disbursal through tech-enabled processes and quick approvals, ultimately enabling MSMEs to scale operations efficiently. This MoU represents a significant step in bridging the credit gap in Telangana and is poised to create new opportunities for MSMEs, especially women-led businesses, by fostering a supportive, digitally driven lending environment. News source: Deccan Chronicle

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?