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Expense Management made easy!🗃💱

Expense Management made easy!🗃💱
By Team Swipez • Issue #25 • View online
This week’s edition covers:
  • Approve, track & manage your expenses from a single dashboard!
  • MSMEs help India reach export value of $400B
  • UBI launches 25 MSME branches across the nation

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In the news 📰
The value of exported goods jumps a staggering 37% and reaches $400B in FY21. Of which, MSME-related products account for nearly 49.35%, amounting to $143.99 B of the total export value.
Moreover, with Russia’s invasion of Ukraine, the export of wheat from both nations has come to a standstill. This opens up a huge global market for India, as the second-largest wheat producer in the world.
India, a world leader in the export of tea, spices, and jewelry is likely to emerge ahead in the race for wheat exports. Could India be the Frazier in the fight against Ali? A smart gambler would say, Yes!
Union Bank of India brings its Union MSME First Branches (UMFB’s) up to 50 with the launch of another set of its next-gen MSME branches.
Chosen specifically for their proximity to SME clusters across the nation, these branches aim to provide loans, forex services, LC (Letter of Credit)/BG (Bank Guarantee), & insurance products for MSMEs.
In an effort to support MSMEs, the UBI besides a co-lending partnership with Ambit Finvest to underwrite loans for MSMEs in 11 states of the nation, also offers an MSME RuPay Credit Card with interest-free credit up to 50 days.
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