India Sme Fund

10 Lakhs and maximum of Rs. This fund, under a public-private partnership structure, will focus on providing early-stage and growth capital to small and medium-size enterprise across China. Once you have registered for Mutual Funds on digibank and completed your risk profile, you can start buying and selling Mutual Fund schemes on the app. The House of Lords has called for the creation of a growth fund for UK SMEs working with AI, following the UK's first major parliamentary inquiry into artificial intelligence. SME Times News Bureau | 07 Jul, 2017 During Prime Minister Narendra Modi' Israel visit, India and Israel Thursday have launched a $40 million joint innovation fund to connect start-ups and innovators of the two countries, reports media on Thursday. لدى Rohit6 وظيفة مدرجة على الملف الشخصي عرض الملف الشخصي الكامل على LinkedIn وتعرف على زملاء Rohit والوظائف في الشركات المماثلة. TRADING AND SETTLEMENT PROGRAMME FOR INSTITUTIONAL TRADING PLATFORM (ITP) - SME SEGMENT FOR PERIOD FROM 01. To grow the economy in South Africa, President Cyril Ramaphosa has launched a $95 million fund headed by some of the country's best businesspeople that will invest in small- and medium-enterprises. As on March 31, 2015, the Company had loan portfolio of more than ₹1,000 crore with presence in 72 districts in India. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO). Learn more. Although SME contribute a large portion to Indian Economy like 40% of the workforce in India, 45% of manufacturing output etc. For one-third of small businesses this includes business credit cards. CSR projects in India, Companies CSR activities in India, list of CSR Foundations and CSR Implementing Agencies, NGOs, social enterprises in India, CSR budget of Indian companies Top 20 Companies with CSR fund in India. CapAleph \pronounced kap aleff\ Our goal is to search for pioneering businesses to invest into. IDFC fund, India SME Investments invest Rs 100cr into Citykart The company has opened 40 stores on an asset light model in large retail malls across various small towns and cities in UP and Bihar during the past two years. plans to penetrate more into Samridhi States. A DEPARTMENT OF ACCOUNTANCY OSUN STATE POLYTECHNIC, IREE, NIGERIA Babalola O. The Fund will opportunistically look at investing in themes and sectors, to ensure that the best investment opportunities as per the objective of the Fund, is achieved. √ No paperwork √ No charges on digital transactions √ No minimum balance rule. However, access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their businesses in emerging markets and developing countries. from New York, have helped build a career in Lending to Multi Nationals across America, Australia and Asia, and SME’s in India. Government guarantee for part of SME loan The SME loan guarantee scheme has been specially developed for SMEs that do not have enough collateral - in the form of property or machines - for banks to give them a loan. The 6th Edition of the India. Fund Raising: One of the biggest challenges for entrepreneurs and small business owners is finding the funds necessary to launch – and eventually grow – their businesses. Study online to earn the same quality degree as on campus. Want to contribute to the making of Budget 2019? Make a wishlist and be heard by Finance Minister Nirmala Sitharaman. employees provident fund credit oman oman development bank pak-oman investment co. Reserve capital (up to USD4M) is available to invest in company growth and subsequent investment rounds. The Reserve Bank of India (RBI), India’s central banking authority, recently raised the income limit for households to be eligible for microfinance loans from INR 100,000 (USD 1,400) to INR 125,000 (USD 1,760) in rural areas and from INR 160,000 (USD 2,250) to INR 200,000 (USD 2,800) in urban areas. Participation in a project can vary from Rs 300,000 to Rs 10M representing up to 49% of the SME share capital. This integration will also promote the structural change of SME business models, from the traditionally domestic to the globally competitive, but this requires new financing solutions for SMEs to survive and grow. Here we are just going to concentrate on top VC firms in India to fund early-stage startups and small businesses. Benefit from features such as 100% finance, wide range of collateral choices, array of credit options, dedicated relationship manager, loans to fund imports and exports, and a lot more. Capital 4 Development Partners announces first closing of C4D Asia Fund investing in SMEs in India, Indonesia and Philippines Press Releases / 30 January 2019 Capital 4 Development Partners, a Dutch fund manager, announced today the first closing of the USD 30 million Capital 4 Development Asia Fund (C4D Asia Fund). India felt proud- Harvard University professor, married to Iqbal Singh Dhaliwal. In a country facing multiple socio. The scope of this scheme was widened in 2000-01 raising the limit of loan from Rs. This is the third round of funding as part of arrangement between the Overseas Private Investment Corporation (OPIC) -- US government development finance institution -- and Wells Fargo, with the objective to increase lending to small and medium enterprises in India. Over the past severalyears, Government of India has launched several loan schemes catering to the financial needs and requirements of small businesses in India. Raising fund though SME IPO solves these challenges to some extent. Moreover, Bangladesh Bank is going to launch an. Business Accounts Smart Business Account With the Smart Business account there is no need to lock your funds in the account; just route INR 10,00,000 of business credits every month. Formed in May 2011, with the objective to propel a Small and Medium Business Movement across the country, our aim was to provide a voice to small and medium entrepreneurs, wilting under the non entrepreneur friendly policies of the government, and to support and recognise innovative, globally competitive, SMEs in. How to Buy a Franchise. Small & Medium Business Development Chamber of India (SME Chamber of India) is the leading National premier Chamber, working for the growth of SMEs from Manufacturing and Service Sectors for the last 23 years. Thus, the availability of credit scores for SMEs would lead to greater use of transaction technology for lending to SMEs in India. With this partnership, Tradeindia will bring its advertisers the fantastic opportunity to promote their business across all Google products & platform. These enterprises can be rightly called as the backbone of the GDP of India. Browse SME stock discussion, ideas, questions and answers online at Moneycontrol. Reserve capital (up to USD4M) is available to invest in company growth and subsequent investment rounds. You can get an MSME Loan without collateral, which means no assets need to be pledged to secure financing. Despite all these efforts, SME owner-managers do not appear to make maximum use of the services available. Fund’s objective is to earn superior long term returns by making privately negotiated equity or equity-related investments in small & medium sized businesses that will benefit from the rapid growth of the Indian economy, provide sustainable competitive advantages, and gain from India’s growing importance in the global economy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited. Fund raising is an important exercise and carries both positives and risks. Launches India Aspiration Fund & Make in India Loans for Indian Startups, SMEs; Allocates Rs. SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market - in which capital for different types of firms are supplied, acquired, and costed or priced. SME is the abbreviation for Small and Medium Enterprises. Public authorities throughout the world, recognizing both the importance and fragility of SMEs, have over the years created agencies and set up numerous venture development support and assistance measures. Open Account. “Emerging Mobile India VAS Company of the Year 2013” category award in the 7th National Telecom Awards Working with Standard Chartered Bank, graduate-MBA, good family background, and of marriageable age - a perfect concoction to get married in 2003 and this is what Sangeeta’s family also thought about her. In India, even today, hierarchy is respected more than wisdom/intelligence. Sme Branch Chandigarh Branch - State Bank of India IFSC, address, branch phone number, manager contact number, email address State Bank of India - Sme Branch Chandigarh is located at Punjab state, Chandigarh district, Chandigarh city and the bank branch's address is [3rd. Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday issued a decree to establish the 'Mohammad Bin Rashid SME. The sponsor of the fund is Standard Chartered Bank. Early-stage B2C e-commerce startup SaleBhai to open its IPO on BSE SME. In this part we are sharing next 15 questions and answers about Outplacement. Cleantech Programme for SMEs in India Project Summary The project aims at promoting clean energy technology innovations and entrepreneurship in selected SMEs in India through cleantech innovation platform and entrepreneurship acceleration programme. employees provident fund credit oman oman development bank pak-oman investment co. The global growth rate for last year and this year are projected at 3. Or, open an account with IIFL. Just select "Mutual Funds" in the navigation menu then choose a fund based on name, category, offers, investment goals or performance. List of all bank IFSC and MICR codes with branch details. Mutual Funds Mostly writes on MCX India, SBI, AGL, Jindal Steel, La. In this part we are sharing next 15 questions and answers about Outplacement. Or, open an account with IIFL. Capital 4 Development Partners announces first closing of C4D Asia Fund investing in SMEs in India, Indonesia and Philippines Press Releases / 30 January 2019 Capital 4 Development Partners, a Dutch fund manager, announced today the first closing of the USD 30 million Capital 4 Development Asia Fund (C4D Asia Fund). Ltd , a value apparel retail chain, on Thursday said it has raised ₹100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority. For example, in Kenya, it is MSME for micro, small, and medium-sized enterprises, and in India, it is MSMED for micro, small, and medium enterprise development. SMEs and Economic Growth in India: A Comparative Study. It is said to be the desired growth engine which helps India achieve an ambitious two-digit gross domestic product (GDP) growth rate. sme development bank malaysia bhd. Purpose of the fund. Despite the differences in nomenclature, they share the commonality of separating businesses according to size or structure. The focus of this venture is to invest capital in the form of debt and equity in distressed assets and special situations in India, creating positive turnarounds with benefits for all stakeholders. IndoStar, a NBFC Company, provides structured financing solutions to corporates and loans to SME borrowers in India to meet their complex financing needs. SME IPO Advisory,IPO Fund Raising,SME IPO Consultant,SME Ipo Listing,Private Equity,Working Capital,Main Board IPO,India Entry Strategy,,Merger, Acquisition,Joint. Telegraphic Transfers. Gainers, losers, volume toppers in S&P BSE SENSEX Stocks. (MENAFN - Jordan Times) AMMAN — Oasis500 has announced the launch of a second fund with support from the King Abdullah Fund for Development (KAFD), the Innovative Start-ups and SMEs Fund (ISSF. EMERGE symbolises the aspirations of a large number of entrepreneurs participating in the "India growth story" and having potential to unlock value and emerge on a bigger stage. SME IPO Advisory,IPO Fund Raising,SME IPO Consultant,SME Ipo Listing,Private Equity,Working Capital,Main Board IPO,India Entry Strategy,,Merger, Acquisition,Joint. Verified IFSC Codes for NEFT & RTGS Branch Address Phone Numbers Contact Details. Fund 4: Caspian SME Impact Fund Vintage 2016-17 We have successfully diversified in to a variety of sectors in the impact space and will now bring the experience and networks gained over the past 12 years to our recently launched fourth fund. Business loan is the foremost thought that comes to SMEs and MSMEs in order to expand business, buy plant or machinery, to pay salaries, and hire and train staff, etc. Tenax Credit Italian Fund is a seven year vehicle with a raise target of €150m. India Business News: Mumbai, Dec 18 Guinness Corporate Advisory Services' has SEBI approval for its maiden SME Growth Fund of Rs 100 crore with green shoe option of Rs. IDFC fund, India SME Investments invest Rs 100cr into Citykart. The Deloitte Kenya Economic Outlook 2016 notes Kenyan SMEs are hindered by inadequate capital, limited market access, poor infrastructure, inadequate knowledge and skills and rapid changes in technology. Browse SME stock discussion, ideas, questions and answers online at Moneycontrol. Personal Loan for SME. SME Landscape in India - Growth, Challenges and Opportunities India is one of the fastest growing economies of the world. Dutch Fund Targets SMEs in Southern Africa Buxeros Capital, a public-private social impact investment fund, has established a presence in South Africa with the aim of investing in emerging market. Mumbai: From kirana stores to local businesses, small enterprises are central to India's economy. SME GROWTH FUND is registered with Securities and Exchange Board of India (SEBI) as a Venture Capital Fund and has been structured as a unit scheme to make primarily equity or equity-related investments in the growth oriented businesses having significant business activity in India. Press Release-Union Bank of India launches Visa Signature Contactless Debit Cards. It is running under the guideline as stated in the Memorandum and Articles of Association. Jul 14, 2017, 19:09 PM IST. Or, open an account with IIFL. It offers a broadly diversified and currency hedged portfolio. The Union Bank of India has launched the SME plus scheme. We offer easy loans for all your working capital requirements, like Cash Credit, Overdraft, Letter of Credit (LC), Bank Guarantee (BG), Foreign Exchange facilities, Gold Metal Loans, and Loan against Mutual Funds. Previously worked with SME Corporation Malaysia [An agency under the Ministry of International Trade & Industry (MITI)] under the Business Advisory & Support Business (BAS) which core task:. Demand slump, fund shortage derail SMEs' growth plans Anil Bhardwaj Around mid-2008, a small Bangalore-based company contracted through MMTC imported lead ingots at $2,015 per metric tonne. The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. The paper throws light on various challenges being faced by SMEs in India at present and tries to find solutions to these problems, so that the SMEs become more vibrant and are able to make forays to new un-chartered areas such as infrastructure etc. Opening of Padho Pardesh Web Portal for Submission of Claim for March & June 2019 Quarters from 15. India Sme Investments Limited Liability Partnership is a Limited Liability Partnership firm incorporated on 25 May 2018. However, access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their businesses in emerging markets and developing countries. Integral in a partnership with SEAF is an active partnership between the local fund management team and portfolio company management to identify the needs of the PC to scale the business – optimize operations, attract new customers, and formalize operations. Sintercom India SME IPO - Check out complete details of Sintercom India Ltd SME IPO including IPO price band, date of issue, allotment detail, listing at BSE & NSE and recommendations at HDFC securities. The SME Development Fund (SMEF) has been established in March 2014 & commenced operations in April 2014, an OAPFD initiative with the objective of developing entrepreneurship and financing small & medium enterprises in the Sultanate. History was created in March 2015 when Saina Nehwal became the first ever Indian woman to reach the coveted No. Tide over cash flow crunches and working capital needs with various financing options and loans for SMEs from HDFC Bank. Make international fund transfers quickly and conveniently with DBS outward Telegraphic Transfers. The paper throws light on various challenges being faced by SMEs in India at present and tries to find solutions to these problems, so that the SMEs become more vibrant and are able to make forays to new un-chartered areas such as infrastructure etc. from New York, have helped build a career in Lending to Multi Nationals across America, Australia and Asia, and SME’s in India. The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Government of India to provide collateral-free credit to Indian MSMEs. Each undersigned shareholder hereby represents and warrants to the Company as follows: (a) such shareholder has all necessary power and authority under all applicable provisions of law to execute and deliver this letter and to carry out its. India Business News: Mumbai, Dec 18 Guinness Corporate Advisory Services' has SEBI approval for its maiden SME Growth Fund of Rs 100 crore with green shoe option of Rs. Monevo is a Sme Loan Market Size In India huge online lending marketplace with direct access to hundreds of loan companies around the 1 last Sme Loan Market Size In India update 2019/10/04 world. In particular, it is crucial to develop innovative. many have in terms of sales and few has based on shareholders fund. Amongst host of awards and accolades won by State Bank of India Mutual Funds, the most mentioned worthy are - 1. However, in spite of its contribution to the socio-economic growth of India, SMEs face a number of challenges: Lack of capital due to inadequate access to finance and credit. This is an excellent question. The Union Bank of India has launched the SME plus scheme. Also find news, photos and. Does Internal and External Research and Development Affect SME Innovation? Evidence from India and Pakistan 50 Naqeeb Ur Rehman 4. SEAF Caribbean SME Growth Fund Raises Over US $35 Million in First Close October 30, 2019 Six Takeaways from the All About Impact Measurement and Management October 3, 2019 The Power of Entrepreneurs to Fulfill People's Needs in Underserved Communities September 25, 2019. Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. SME Ventures. In the past five years, they have created around 85% of new jobs and provided two-thirds of the total private sector employment in the EU. Goblin India Ltd SME IPO. The fund is useful for those SMEs where banks have closed credit facilities. Given that a majority of India's population lives in villages and Tier-1/Tier 2 cities, the SME sector has also emerged as a key factor to urbanize rural India. Technology and Innovation Policies for SMEs in East Asia 24 Patarapong Intarakumnerd and Akira Goto 3. The SME Innovation Finance Fund, announced in last week’s G-20 summit in South Korea, forms part of an initiative to back winners of the G-20 SME Finance Challenge and other models aimed at. This newly incorporated institution has taken over the role and functions of the Small and Medium Enterprises Development Authority(SMEDA). India Sme Investments Limited Liability Partnership is a Limited Liability Partnership firm incorporated on 25 May 2018. Energy Efficiency in SMEs To encourage the energy efficient technologies and operational practices in SME sectors in India, BEE has initiated the energy efficiency interventions in selected 25 SMEs clusters during the XI plan. SME Term Loans. India’s SME sector contributes nearly 37% to the country’s GDP and Facebook, which claims to have 90 Mn small business partners globally, would ideally look to become one of the key players as. In 1999, He was one of the few Indian Directors to direct international commercials for clients like Unilever and Pepsico in Burma, Vietnam, Pakistan, Bangladesh and the Asia Pacific Region. Just select “Mutual Funds” in the navigation menu then choose a fund based on name, category, offers, investment goals or performance. However, even … Continue reading "The benefits of using an SME loan to fund your business". The State Bank of India Mutual Funds is sponsored by over 80% of the top corporate houses of the country. e-Lodging of complaints through SCORES. All the schemes in the category of Small & Mid Cap sector are investing in the NSE listed segment and none of the schemes is investing in MSME sector, However, there is one scheme from DSP Black Rock MF, by the name DSPBR Micro Cap Fund. Banking Giants to Help the SMEs through Blockchain. This fund, under a public–private partnership structure, will focus on providing early-stage and growth capital to small and medium-size enterprise across China. I2F-II aims to invest USD 5-15 million per investment for a significant minority stake. DBS Bank India, Tally Solutions launch a connected banking platform for SMEs. The Reserve Bank of India (RBI), India’s central banking authority, recently raised the income limit for households to be eligible for microfinance loans from INR 100,000 (USD 1,400) to INR 125,000 (USD 1,760) in rural areas and from INR 160,000 (USD 2,250) to INR 200,000 (USD 2,800) in urban areas. Robust technical strengths shaped with a B. PTI Feeds | January 24, 2019 3:06 PM IST. Securities and Exchange Board of India (SEBI) has a new mechanism in place to improve investor grievance redressal significantly. Over 5 Cr SMEs in India faces two main challenges. CapAleph \pronounced kap aleff\ Our goal is to search for pioneering businesses to invest into. Benefit from features such as 100% finance, wide range of collateral choices, array of credit options, dedicated relationship manager, loans to fund imports and exports, and a lot more. EMERGE symbolises the aspirations of a large number of entrepreneurs participating in the "India growth story" and having potential to unlock value and emerge on a bigger stage. According to IMF, India is projected to grow at 7. The fund will focus on investments in senior loans to small and medium. The loans are provided at competitive rates and are structured to enhance your profitability. India Speaks is an effort to build a better online community for Indians. Subscription to the fund, which was launched recently in Dubai, will be open until November 14. Incorporated in 1989, Ahmedabad based Goblin India Ltd is engaged in the business of designing, marketing and sale of business, travel & casual luggage and travel accessories. We are engaged in home loans, personal finance, housing finance and financial advisory services. Mswipe is poised to do just that – having the team, product, and now, the capital, to harvest India’s ripe SME payments market. SME Sector in India – Statistics, Trends, Reports. The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. SME Ventures. As on March 31, 2015, the Company had loan portfolio of more than ₹1,000 crore with presence in 72 districts in India. ALCOR's SME Fund invests in emerging or existing SME companies in emerging markets to fund a seed capital or growth capital in the range of USD 250,000 to USD 5 Million. Reasonably, a new department namely‟SME and Special ProgrammesDepartment‟ has been established in Bangladesh Bank recently will be solely responsible forpolicy formulation, facilitating fund, monitoring and development of entrepreneurship in theSME sector. India SME listed as ISARC. 25 lakhs to Rs. Download The Hans India Android App or iOS App for the Latest update on your phone. They are crucial in upholding the growth and existence of economy especially that of developing countries. Samir brings 30 years of experience from leading companies such as Citibank, HDFC Bank, Barclays Bank, and Equifax. Hans News Service | 13 Sep 2019 5:24 PM GMT. Barriers and threats to SME growth in Kenya. They represent 99% of all businesses in the EU. This fund is suitable if you are looking for long term wealth creation. The main chapter and Head Quarter will be at Mumbai and the Council will set up other chapters at Delhi, Ahmedabad, Bangalore, Pune, Hyderabad, Vadodara, Coimbatore, Chennai, Rajkot, Nagpur, Surat, Indore, Jaipur and Kolkata. Palico, the private equity fund marketplace. SME Easy Business Loans. Guiness Corporate Adv gets SEBI nod for SME Growth Fund The fund will invest in SMEs which are going to get listed and are already listed, which has the return potential of three to five times. SMEs and Economic Growth in India: A Comparative Study. PTI Feeds | January 24, 2019 3:06 PM IST. 1 spot in the World Badminton Rankings after her win at the Indian Open Super Series, creating a formidable legacy in her chosen sport of badminton and inspiring countless young kids who aspire to tread on her footprints. The competitiveness of SMEs in a globalized economy: Observations from China and India Article (PDF Available) in Management Research Review 33(1):54-65 · December 2009 with 4,623 Reads. It does cost $1 a Sme Loans Without Collateral In India month for 1 last update 2019/10/15 a Sme Loans Without Collateral In India Dave membership, but if you can avoid overdraft fees and payday loan interest rates, it 1 last update 2019/10/15 might be worth it 1 last update 2019/10/15 for 1 last update 2019/10/15 you. The SME Finance Forum works to expand access to finance for small and medium businesses. However, access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their businesses in emerging markets and developing countries. SME Sector in India – Statistics, Trends, Reports. S&P BSE Sensex Heat Map a great tool to track S&P BSE SENSEX stocks. This site is best viewed with JavaScript enabled. With this partnership, Tradeindia will bring its advertisers the fantastic opportunity to promote their business across all Google products & platform. SME Definition as the Basis for SME Development 9 Total Enterprise Population SME Definition Acts as a First-Level Filter size focused. NSE Emerge is now the largest SME exchange of India by way of fund raising and market cap, while BSE is leading in number of listed companies. The sponsor holds a 75 per cent stake in the company and. √ No paperwork √ No charges on digital transactions √ No minimum balance rule. Barriers to Innovation in Indian SMEs 80 Anshul Pachouri and Sankalp Sharma 5. Aim of Scheme. American Express established its first offices in India at Kolkatta in 1921, and is a market leader today in cards, travelers cheques, and corporate travel. Fund Management Experience: led the formation and scale-up of a dedicated SME equity and supplier development fund manager, raising ~R400m from institutional investors (sefa, AB InBev, Imperial Logistics & Imperial Platinum), and deploying capital across 60+ SME startup, growth and/or buyout transactions. Triple Jump and PwC - on behalf of the Dutch Good Growth Fund (DGGF) Financing Local SMEs initiative - hosted the conference "Closing the SME Finance Gap: Empowering Young & Women Entrepreneurs in Frontier Markets" on 1 October at the Compagnietheater in Amsterdam. The list of these top-performing mutual funds are updated regularly to give you accurate data on the current valuation of these funds in India. Under the agreement, OPIC will provide $75 million. Barriers to Innovation in Indian SMEs 80 Anshul Pachouri and Sankalp Sharma 5. Mohammed Bin Rashid Fund for SME aims to finance innovative pilot projects – both small and medium enterprises - for Emirati investors through dedicated efforts and devoted focus on studying the project and providing appropriate potentials for start-up and expansion. Your beneficiaries receive funds between one to four days, depending on the currency, destination and the agent and beneficiary banks. India SME Leadership Council has initiated groups of Entrepreneurs to accomplish the above objectives. On average, in India, 70 percent of CSR contributions originate from private companies. When you've got big dreams for your business, nothing should hold you back. Over 80% of Loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. The SME Development Fund (SMEF) has been established in March 2014 & commenced operations in April 2014, an OAPFD initiative with the objective of developing entrepreneurship and financing small & medium enterprises in the Sultanate.