Knnindia

  To fulfil the need of urgent funds, a digital lending platform is being jointly created by the Federation of Indian Micro and Small & Medium Enterprises (FISME) and Eqaro Surety Pvt Ltd, provider of Financial Guarantees. It will provide access to collateral free capital up to Rs 25 lakh to Micro and Small & Medium Enterprises (MSMEs).An MoU in this regard was signed by Prashant Patel, President FISME and Vikash Khandelwal, CEO of Eqaro in Delhi recently. “Lending has traditionally been collateral based. This unique, first time in India initiative will help MSMEs get easier access to credit backed by a surety guarantee without the need to put up collaterals,” said CEO of Eqaro.

  Solvent Extractors’ Association of India on Monday urged the Securities and Exchange Board of India (SEBI) to resume the future trade of crude soybean oil and crude palm oil. In December last year, SEBI had suspended futures and options trading in seven agricultural derivatives for one year. The primary reason for the suspension was to ensure risk management and price discovery mechanism.