The MSME contribution to the Indian economy is undisputed in every way. As a sector, it is the 2nd largest employer of the Indian workforce; according to the 2015-16 MSME Annual Report, the MSME segment comprises well over a 45% share in contributing to manufacturing output and exports. With NBFC startups willing to look past…
How does a company that’s disbursed more than INR 1,000 Crores of loans to MSMEs across India build scalable processes while still retaining a human touch? And is that human touch necessary? Over the last few years, the BFSI industry in India has seen the phasing out of manual processes and a rapid adoption of…
Aye Finance’s 3-Point Learning & Development Strategy We want to be known as a learning organization We want to create a pool of mentors and trainers We will use technology extensively for driving learning initiatives Since our inception, the upskilling of our workforce through continuous learning and development has been a strong focus for Aye…
At Aye Finance, the conversation about the importance of business clusters and the MSMEs operating within them is always front and center. With over 50 million MSMEs actively operating in India, we bear witness to their contributions on a daily basis; certainly, an 8% contribution to the National GDP and 40% to exports are significant…
Is the MSME Sector the Master Key for India’s Entry into the Developed World? Could MSMEs lead the way for India to finally make the leap from a developing to a developed nation? As things stand now, the World Bank recognizes India as a “global player” because of our economic growth, but as the numbers…
One of the more important conversations taking place at Aye Finance lately has been about our employees finding the right balance between work and home. As an organization, we firmly believe that employee wellness and happiness levels should be prioritized because happy employees are crucial for creating strong companies with a driven and productive workforce.…
The Correlation Between Employee Happiness and Employee Productivity Why does employee happiness matter? And can an employee’s level of happiness be prioritized during the course of a day, a week, a month, or a year in corporate environments where the business bottom-line is the driving factor behind performance? The answer at Aye Finance is a…
Mehzabin works with Aye Finance as a loan advisor at the Meerut branch. In the two years that she’s worked with us, Mehzabin has spent most of her time on the field, reaching out to the micro business community and fostering relationships with them. A woman like Mehzabin is uniquely qualified to recognize hard work.…
Janki Prashad Sharma is a sculpture artist who specializes in creating brass statues of Hindu deities along with his team of 8-10 employees at his workshop in Aligarh, Uttar Pradesh. A walk through his workshop will very quickly make his level of skill apparent to all visitors. Recently, he was able to build a monumental…
India is a land of contrasts. From having one of the most sophisticated and advanced payment infrastructure and systems and 14.1 bank branches for every 1,00,000 adults, which is higher than the global average, to 19% of the population still unbanked. Though this unbanked population witnessed a sharp fall of around 58% between 2011 and…
