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
Infrastructure Transport

Railways Completes Odisha’s Longest Tunnel on Khurda–Balangir Line

Indian Railways has completed the construction of Tunnel T-4, the longest tunnel on the Khurda Road–Balangir railway line, marking a significant milestone in Odisha’s railway infrastructure. The 4,185-metre tunnel connects Adenigarh and Charichhak in Boudh district and is now the longest in the state. Railway officials confirmed the successful breakthrough of the tunnel on 16 April, an event referred to as "daylighting", indicating full excavation from one end to the other. The Khurda Road–Balangir rail line spans 301 kilometres, of which 226 kilometres have been completed. Existing op..

Next Story
Infrastructure Urban

Centre May Target Rs Two Trillion Asset Monetisation in FY 2025–26

The Central government is likely to set an asset monetisation target of Rs 1.9 to two trillion for the financial year 2025–26 under Phase Two of the National Monetisation Pipeline (NMP), with a strong emphasis on sectors such as roads, power, railways, and coal and mines. According to officials, development of vacant public land will also emerge as a key pillar of asset recycling in this phase. NMP Phase Two aims to build on the success of NMP 1.0 (FY 2022–25), which achieved Rs 5.65 trillion of the Rs six trillion target. Monetisation formats will include upfront lease revenues, reven..

Next Story
Infrastructure Transport

Joint DPR Proposed for Road And Rail Projects Through ShiradiGhat

Dakshina Kannada MP Captain Brijesh Chowta has called on the Karnataka Chief Secretary to initiate joint planning between the National Highways Authority of India and the Ministry of Railways for road and rail infrastructure through the ecologically sensitive ShiradiGhat corridor. During a meeting with Chief Secretary Dr Shalini Rajneesh, Chowta emphasised the need for a coordinated Detailed Project Report to reduce environmental impact, streamline inter-departmental approvals, and avoid duplication of efforts. Currently, the two agencies are independently preparing DPRs for National Highway..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?