Amid issues such as debt and delayed payments faced by micro, small and medium enterprises (MSMEs), Godrej Capital Nirmaan has partnered with DBS Bank India, Visa, and Amazon to boost MSME growth in India.
The company in a press statement stated that these collaborations are designed to aid MSMEs, offering a diverse array of value-added services and comprehensive support throughout their business journey.
Notably, Nirmaan has expanded its collaborative model to include 13 plus partners to contribute to the growth of MSMEs. Manish Shah, Managing Director (MD) and Chief Executive Officer (CEO) at Godrej Capital said, “We aim to be catalysts and help MSMEs beyond lending by being a part of their business growth journey.”
The press statement added that this partnership will enable DBS Bank India to offer MSMEs access to a comprehensive suite of value-added services, featuring a customised current account.
Rajat Verma, MD and Head Institutional Banking Group, DBS Bank India said, “Leveraging our local market insights and deep understanding of business realities, DBS Bank India has created an innovative offering with Godrej Capital Nirmaan.”
Visa will provide payment solutions for MSMEs through the Nirmaan platform and will also support DBS Bank India’s offerings for Nirmaan users. Sujai Raina, Vice President and Head, Business Development, India, Visa said, “MSMEs are vital to the socio-economic and inclusive growth of the country, and Visa helps them unlock opportunities and value with its solutions.”
Amazon’s partnership with Nirmaan is expected to help MSMEs showcase and sell their products to customers across India by listing them on their platform to open the door to global markets. Gaurav Bhatnagar, Head, Seller Acquisition, Amazon India said, “Through our collaboration with Godrej Capital Nirmaan, we aim to bring the benefits of digitization and e-commerce closer to MSMEs.”
