Edition #17 - Aditya Birla Capital Launches ‘Udyog Plus’ For Indian MSMEs

Aditya Birla Capital, operating through its lending subsidiary Aditya Birla Finance, has launched Udyog Plus, a comprehensive business platform catering to micro, small, and medium enterprises (MSMEs) in India. 

This newly introduced B2B digital platform provides a range of solutions to MSMEs, encompassing financing, protection, investments, advisory services, and value-added services aimed at effectively managing and expanding their businesses.

According to the official statement, Udyog Plus functions as an open marketplace accessible via the financing section of the Aditya Birla Capital website. Both existing and new customers of Aditya Birla Finance can utilize this platform to benefit from a diverse array of financing options, including unsecured business loans, tailored secured lending, supply chain financing solutions, and curated business loans.

Furthermore, Aditya Birla Capital recently formed a partnership with the National Payments Corporation of India (NPCI) to develop and promote a comprehensive suite of digital payment alternatives for customers, facilitated by its subsidiaries.

Other news plus good reads

• Bank of America launches fintech accelerator program

• African FinTech M-KOPA has raised over $250m in new debt and equity funding to expand its offering to underbanked consumers in Sub-Saharan Africa.

• RBI Cancels Certificate of Registration of 7 NBFCs and Surrender Permits of 14 NBFCs

• The Chamber of Indian MSMEs to launch a ‘matchmaking platform’ to connect MSMEs with banks for cost-effective capital

• Decentro launches Flow and Fabric – full-stack payments and embedded finance solutions for companies in India

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