Magma Fincorp has launched pro-bono business consulting services for Small and Medium Enterprise (SME) customers under a partnership with Wadhwani Foundation. Under the program the company will provide business consulting, digital learning management, program management office support and impact assessment to upto 1000 SME customers initially, to help them survive and grow, during and post COVID-19 crisis.
The company has moved with speed to provide assistance to the SMEs grappling with these testing times with the launch of the partnership. In the last 2 months the company has been providing assistance to MSME customers in the form of the MSME Interest subvention, Emergency Credit Line Guarantee Scheme (ECLGS) and Credit Guarantee Fund Scheme for MSEs (CGMSE).
Magma Fincorp is a non-deposit taking NBFC registered with the Reserve Bank of India (RBI) as an asset finance company. It started operations two decades back and is now listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
