STOCK MARKET BSE NSE

Helping MSMEs tide over the current crisis

for eg. all types of PPEs, public space and food-grade sanitization solutions, ventilators & other medical equipment.

Published: 06th May 2020 11:59 PM  |   Last Updated: 07th May 2020 09:41 AM   |  A+A-

By Express News Service

HYDERABAD: Feeling tensed about your business during the lockdown? Covid-19 Emergency Credit Line Program by Solv, a new digital platform, promises to provide succor to the Micro, Small and Medium Enterprises (MSME) sector.   Backed by the Standard Chartered Group, in association with FICCI-CMSME, it aims to  ease the financial pain being faced by the sector while address the urgent financing needs of MSMEs who are exploring ways of maintaining their cash flow and staying relevant in the new market conditions.  

This new offering was launched at a webinar jointly organised by FICCI-CMSME and SOLV, which brought together various key stakeholders from the financial ecosystem to share their views and advice for MSMEs during these unprecedented times of crisis. SOLV’s Founder and CEO, Nitin Mittal, observed, “It is open to anyone in any industry who is either already providing or is willing to repurpose their business to provide goods and services that help in containing COVID-19;

for eg. all types of PPEs, public space and food-grade sanitization solutions, ventilators & other medical equipment. These unsecured loans will provide MSMEs with the much-needed working capital they are looking for and ensure their wheels keep moving. With this basic requirement met, MSMEs can focus on capacity-building and growth over the medium-to-long term.”

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp