AskmeFin to offer financing options to SMEs

Image
Press Trust of India Mumbai
Last Updated : Dec 04 2015 | 8:14 PM IST
AskmePay, a payment initiative by AskMe group, has rolled out a wide portfolio of financing options to 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.
The group 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 one crore to its sellers, available for tenure ranging from 15 days to 6 months.
"The alliance partners will be extending disbursement of finance to SMEs at interest rates ranging between 12-18 per cent", AskmePay.Com Chief Executive Kiran Murthi said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 04 2015 | 8:14 PM IST

Next Story