AGP Executive Report
Last update: 3 hours agoSME Financing Push (India): India’s Union Cabinet has approved a ₹10,000-crore SME Growth Fund to plug long-term equity gaps for small and medium firms, with most funding aimed at manufacturing SMEs and support for scaling, tech adoption, and global market entry. Digital Lending Drive (India): DFS Secretary Sanjay Lohiya urged banks to expand digital outreach and move to end-to-end digital loan processing, including working-capital channels like UPI credit lines and credit cards for micro-enterprises. Insurance Broker Backlash (India): The Insurance Brokers Association of India warned that proposed IRDAI norms—product-wise commission caps and tighter insurer expense limits—could cut 60–70% of broking revenue and cost up to 10 lakh jobs, while seeking more time to submit feedback. AI Infrastructure Deal (Asia/Global): Navitas completed its Claros acquisition to strengthen “grid-to-xPU” power delivery for AI data centers, adding IVR capabilities for next-gen architectures. SME Market Access (Asia): First Digital signed a definitive deal to become a Nasdaq-listed public company, tied to its FDUSD stablecoin and its Finance District agentic-economy platform.
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