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According to MSME SAMADHAAN Portal, 1.64 lakh delayed payment applications have been filed by micro and small enterprises, involving a substantial amount of INR 39,026 crore.

VinFast which is looking at India in a big way, is planning to distribute the VF e34, VF 5 and VF 3 models which are compact cars tailored for city commuting.

The electric vehicle financing startup Finayo which has already disbursed INR 20 crore, will give away 60-70 per cent of funds in the advancement of three-wheeler L3 and L5 EVs while 30-40 per cent disbursements will be made in the bolstering of the E2W market.

Under the initiative, participating startups will have the opportunity to access funding of up to INR 1 crore through a co-investment model.

As of the latest data, the Udyam units were categorized into 2.99 crore micro enterprises, 5.80 lakh small enterprises, and 54,045 medium enterprises.

Okaya EV Chargers has already commissioned 2,000 chargers across the country as India transitions towards sustainable transportation.

The company is also upping its research and development efforts to come up with products that have powerful motors, better performance, and superior safety credentials among others, says Mitull Batraa.

A subsidiary of the 15-year-old brand Rilox India, Rilox EV proudly presents its ambitious vision: a forthcoming range of 'Made in India' two-wheeler electric vehicles, tailored for last-mile delivery, set to debut by early 2024.

Regency Health operates with a total of 700 beds, but this investment will catalyze a substantial expansion in the company's infrastructure and healthcare services.

The responsible use of raw materials and recycling practices are crucial for the environmental sustainability of the EV industry.

The Finance Minister stressed the need for both global and domestic policy coordination to ensure robust, sustainable, balanced, and inclusive growth.

This funding solution aims to further bolster the company's efforts to drive EV adoption in the country while facilitating access to finance for its EV dealers.

With on boarding two new investors – British International Investment and Green Frontier Capital, the company plans to allocate funds to fuel nationwide expansion, servicing and charging infrastructure.

During the G20 Summit in September, a G20 policy recommendation paper from the World Bank highlighted the estimated USD 5 trillion finance gap for formal MSMEs in developing economies.

“Risk management is at the core of our strategy. We have established a robust feedback loop with healthcare professionals and utilize real-world medical data for continuous improvement.”