Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-10

Direct factoring facility for MSMEs

As per the latest e-newsletter of the Federation of Indian Small, Micro and Medium Enterprises (FISME), the Export Credit Guarantee Corporation of India (ECGC) will provide a direct factoring facility for MSMEs in the current financial year to help them meet their working capital requirements without having to approach banks.

As per the latest e-newsletter of the Federation of Indian Small, Micro and Medium Enterprises (FISME), the Export Credit Guarantee Corporation of India (ECGC) will provide a direct factoring facility for MSMEs in the current financial year to help them meet their working capital requirements without having to approach banks.

 

Factoring is a financial management service in which a business sells its accounts receivable at a discount to a third party funding agency to raise capital.
 

The Reserve Bank of India (RBI) had earlier proposed to dematerialise and discount micro, small and medium enterprises' bills through reverse factoring to address the problem of delayed payments to the sector from their large-sized buyers.


ECGC recently introduced a new country-risk rating for the benefit of MSMEs. The gross premium collection of ECGC had gone up by over 12 per cent to Rs 1,305 crore in the year ended March 31, 2014, compared to the year-ago period.

Related opportunities
  • Career Counselling & Brain Programming
    About Us: Astute Career Counselling Academy - #1 Career Counselling Academy..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Others Dealers And Distributors
    About Us: Forsch is premium engine oil and lubricant brand headquatered..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore Karnataka
  • Others Health Care & Fitness
    About Us: Tecfit20, a venture of emtstecfit20 pvt ltd, is the..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    Founded in 2016 by a self-professed, ardent meat lover, Envee..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts