Faircent.com , an online peer-to-peer lending marketplace that connects borrowers who are seeking personal loans with prospective lenders has raised Rs 25 Crore (US$ 4 million) in funding from the promoters of Fusion Microfinance. The money raised with be used to strength Faircent.com’s lending platform by investing in technology and also in expanding the management […]
Internet.org, a global collaboration between Technology companies, Non Profit Organizations and Individuals is organizing an Innovation challenge focussed on India. Winning ideas stand to receive funding grants of up to Rs 3 Crore ($ 500,000) as a part of this program. Websites, Mobile Applications and Online Services designed to meet the needs of the different […]
Q. Tell us a little about your professional background, how did you end up working at Micro Energy Credits (MEC)? I received my degree in Environmental Studies and began my career working at a climate change policy NGO. After gaining experience at the policy level, I wanted field experience and joined the US Peace Corps […]
Bangalore headquartered Ujjivan Financial Services has received Rs 600 Crore in funding from a consortium of foreign investors comprising of Commonwealth Development Corporation and CX Partners who along with India based Newquest ( A unit of the Bajaj Group). Out of the Rs 600 Crore, about Rs 300 Crore will be spent in buying out […]
With 21 % of world’s area and 15% of world’s production India is the fourth largest oil seed producing country in the world, next to USA, China and Brazil. Oilseeds in India account for the second largest agricultural commodities after cereals sharing 13% of the country’s gross cropped area, nearly 5% of gross national product […]
The Chennai-based NBFC, IFMR Capital has successfully executed the issuance of an External Commercial Borrowing (ECB) for Satin Creditcare Network Limited (“Satin”), one of its long standing clients. The USD 10 Million borrowing for a tenor of 8 years was sanctioned and disbursed by U.S.-based lender World Business Capital, Inc. (“WBC”), and was partially guaranteed […]
PMJDY enters Guinness Book of World Records The Pradhan Mantri Jan Dhan Yojana (PMJDY) has scaled new heights in 2015, the financial inclusion scheme which is the pet project of India’s PM Shri Narendra Modi has managed to enroll more than 75 million households in India who were previously outside the banking system. Rupay Debit Cards […]
The India NGO Awards 2015, is an annual initiative organized by the Resource Alliance.The awards sponsored by the Rockfeller Foundation and EdelGive Foundation seeks to recognize outstanding NGO’s for their programs in India.The awards also seeks to promote organizational sustainability at NGO’s, while at the same time strengthening civil society. The organizers are now inviting entries for the 2015 edition. […]