Never miss a story

Get subscribed to our newsletter


×

New Delhi: AskmePay, the payment initiative by AskMe group, on Friday announced the rollout of a wide portfolio of financing options to the SMEs with the launch of its new programme ‘AskmeFin’.

This is in line with the group’s ‘Grow with Us’ campaign launched earlier this month and is aimed at providing a variety of working capital loans to SMEs including short-term working capital loans, overdraft limit, loans against receivables and bill discounting facility for SMEs.


The group has also announced a series of strategic alliances to facilitate faster financing for SMEs, irrespective of the size of their business.

It has tied up with Mahindra Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.in and Mandii.com, and will be offering loans ranging from Rs.50,000 to Rs.1 crore to its sellers, available for the tenure ranging from 15 days to six months.

The financing options will be in addition to its array of services that serve SMEs from AskMe, AskmeBazaar, AskmePay, AskmeFurniture and AskmeGrocery.

The alliance partners will be extending easy and quick disbursement of finance to SMEs at competitive interest rates. The unsecured loans will be collateral free and available through easy documentation, thereby equipping them with more working capital.

The other positives of the loans offered by AskmeFin include quicker approval for loans as well as pre-approved offers and easy repayment methods.

Speaking about these alliances, Kiran Murthy, CEO, AskmePay.com, said: “AskmePay has launched this innovative campaign that does away with the conventional paper-based process of lending and enables speedier working capital finance approval to our SME partners, based on digital information available for SMEs and their sales on our portals.”

“The SMEs, who are using AskmePay for their offline transactions, will also be eligible to avail these financing options,” he added.

(IANS)


Popular

Photo found on Pixabay

Books on Delhi

The city of Delhi has seen it all; from sultanate rule, to dynasties, and to colonial rule. From monarchy to democracy, Delhi has gone through its phases. But, in order to know and explore the nuances of Delhi, you must read these beautiful books.

1. City of Djinns: A Year in Delhi by William Dalrymple

Keep Reading Show less
Photo by Viator.

Ghats of Varanasi, one of the oldest cities of India

There are some of the Indian cities which are older than time. Therefore, we must know which cities are they, and what has been their history!

1. Varanasi (1200 BC–)

Keep Reading Show less

Human hair wigs have several advantages over synthetic wigs

By- Digital Hub

I prefer synthetic wigs as it isn't something that I would wear all the time - just when I look different. Additionally, their ease of use is an essential factor for me. However, suppose you're looking to wear a wig for a fashionable accessory or as a way for you to show your personality. In that case, I'd recommend buying multiple synthetic wigs of various styles and colors instead of only the one human hair wig at the same amount. However, be cautious - only purchase top-quality synthetic braids that are more expensive as you might be disappointed by the new style you've chosen.

Keep reading... Show less