Caspian Debt adds nine SMEs to portfolio
The Hindu
Loans disbursed from ₹ 50 lakh to ₹ 5 crore to fund their operational requirements
Caspian Debt, which provides loans to start-ups and social enterprises, has added nine new SMEs operating in varied sectors to its portfolio up to October this fiscal.
The loans disbursed were from ₹ 50 lakh to ₹ 5 crore and fund their operational requirements. The funding will help the enterprises manage working capital cycle, procure raw materials and strengthen supply chains, the Hyderabad-based firm said on Thursday.
Chakr Innovation, Retas Enviro, Eggoz, Varcas Automobiles, Samosa Singh, Sevamob Ventures, Hesa Enterprises, Payagri Innovations and Process Nine Technologies are the nine SMEs and operate in food and agriculture, education and skill development, clean energy and healthcare sectors.
Around 440 MBBS graduates of 2021 are not required to undergo one year of compulsory rural service as per the bond signed by them while joining the medical course through government-quota seats in 2015 as the High Court of Karnataka has said the law, enacted in 2012 for mandatory rural service, remained unenforced for 10 years as it was published in the official gazette only in July 2022.