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Non-bank lender Aye Finance has secured Rs 137 crore debt funding from German firm Invest in Visions to support micro and small business units in India. The partnership aims to empower MSMEs and enhance financial inclusion. Aye Finance offers tailored loan products and has disbursed over Rs 10,000 crore to grassroots ventures.
Small and medium enterprise (SME)-focussed lender Aye Finance has raised $16.2 million (around Rs 137 crore) in debt funding from IIV (Invest in Visions) Mikrofinanzfonds ......
Officials say ‘human error’ led to accident
The Rashtriya Swayamsevak Sangh (RSS) is convening a two-day coordination committee meeting with its affiliated organisations in Jammu starting today. The focus is to discuss the evolving political situation in Jammu and Kashmir (J&K) and strategies for the upcoming Lok Sabha elections.
Aye Finance, a non-bank lender, aims to increase its borrowing by 70% to Rs 3,400 crore in FY24 compared to Rs 2,000 crore in FY23. The company has already raised Rs 2,100 crore of debt and is confident of meeting its target. It has secured funds from both global and Indian banks and financial institutions.