India is a land of contrasts. From having one of the most sophisticated and advanced payment infrastructure and systems and 14.1 bank branches for every 1,00,000 adults, which is higher than the global average, to 19% of the population still unbanked. Though this unbanked population witnessed a sharp fall of around 58% between 2011 and…
NPAs for the lending industry are like the dark lord, Voldemort – one who must not be named. Made uglier by the recent multi crore defaults in the main line banks that have been much in the news recently. According to the CARE Rating Report of December 2017, India’s NPA ratio is fifth highest in…
The Indian economy is no stranger to business clusters. Intertwined deeply within the Indian economy, business clusters can be credited with creating a significant impact, employing millions of people through interconnected businesses, suppliers, and buyers. Take for example the Firozabad glassworks and bangle cluster. As one of the oldest and more well-known clusters in India,…
A quick glance around India’s metropolitan cities shows an increased presence of women in the workforce. According to Forbes India, women in India occupy nearly 30% of corporate senior management positions, but the overall workforce lags considerably behind. In India, the challenges to fueling women’s growth come from the usual suspects; either families and societies…
Certainly, in the last few years, Non-Banking Financial Companies (NBFCs) have created a tangible impact on India’s MSME sector, and Aye Finance is proud to have has contributed to this sea change in the economy. However, despite steady revenues and a tremendous contribution to the Indian economy, MSMEs have been left behind by large-scale financial…
Intejaar’s factory and warehouse are an unusual treat and a dream come true for every movie buff out there; especially the ones who love fantasy movies! Intejaar, who’s based in Meerut, Uttar Pradesh, manufacturers a highly specialized (and seldomly seen!) product. He makes armour, made out of iron, and his products are used in movies…
Many years ago, Gandhi talked about the importance of strengthening the Indian economy at the grassroots level to ensure a holistic industrial, agrarian, and financial growth. While the foresight and wisdom in this statement may not have been visible at the time, a look into the Tier 2 and Tier 3 cities of India –…
In the growth story of India, MSMEs are the protagonists. To understand the need for investing in MSMEs, it’s important to understand their contribution to the Indian economy. Believe it or not, collectively, Micro Small and Medium Enterprises (MSMEs) are the 2nd largest employers in India, coming in right behind the agrarian sector. According to…
The Evolution of Lending The practice of borrowing and lending money seems to be as old as the invention of money. A quick dig into the history of lending shows that borrowers, lenders, and stringent lending rules existed as early as the Mesopotamian civilization, pre-dating Ancient Greece and Ancient Rome. It’s fun to imagine why…
AYE FINANCE’S MENTORSHIP PROGRAM I sometimes find myself lost at work, unsure of how to proceed with an assigned task, and even Google has drawn a blank. At times like these, I would give anything to be back in school where all I needed to do, when stuck with that annoying algebra equation, is to…
