The
MSME (Micro, Small and Medium Enterprises) have good news from yes bank, The yes
bank announced the 5 crore loan without any bond or any collateral only for the
Micro, Small, and Medium-size Enterprises or organization. This new
announcement from the Yes Bank is very helpful for medium and small size
organization to increase their business and expand the organization. This is a
very easy access fund from the Yes Bank without any burden of collateral.
New
initiative startups that have the capacity to enhance their business on the big
platform have a chance to get funding up to Rs. 5 Crore. the funding without
any collateral best thing for any business to enhanced and grow up their
business on a big platform. The Micro Small and Medium size organization is a
backbone of our Indian economy, The MSME Registration is helping the economy by sustaining
in the market and their regular growing business is boosting the economy
support.
The Measure Benefits and Features of YES MSME are:-
- The bank
is offering to fund small and medium-size businesses without any collateral
this is very beneficial for any small and medium organization.
- The
beneficiary also gets some sweep-in facility from the saving account also and
the current account also gets this when the fixed deposit will be available in
these accounts.
- There will be some focused programs for more
saving like the Yes Premia, YES First Business, and an assets-focuses loyalty
reward program that help to inspire the small and medium company for getting
the funding from these different programs.
- 5 Crores funding for startups without any
collateral along with enterprise resource planning and consultancy offers from
the YES Spark, other than the partnerships with fintech and digital payroll
solution will also be provided.
- Knowledge sharing via advisories, MSME
Newsletters, and discussion forums this benefit is also getting with this
funding for small and medium-sized companies.
- They
will also provide the collaborative solution to build a strong market with
micro, small and medium-sized companies with 700 industry associations will be
offered with the tech-based partner solution.
- This
will also provide some more facilities like business insurance product life,
health, general will be available in this initiative, the bank will also
provide the wealth solution and investment in this initiative of YES MSME.
These
Initiatives form YES Bank is the right choice form government to improves the
Indian economy by helping the small and medium-sized business, that will help
the many startups to stand there business in the market and enhanced their
startup growth and also increasing their reach from many to more people. This
initiative brings something good for the market that can increase the market
cap and also increases the Indian economy. according to the survey, the medium
and small sizes business are very helpful for economy, This small and
medium-size business is also the base of a big organization, Because of YES
MSME initiative many startups that have a well-prepared plan that has new
chance to grow their business on big platforms.
Conclusion:-
The
collateral-free funding is beneficial for every small and micro or medium-size
companies and also the startups. This initiative from the YES Bank is helping
to increase the GDP contribution of the MSME sector, This announcement from YES
Bank is very helpful for startups after this covid-19 periods, That will help
to stand them in the market.
