Godrej Capital's 'Nirmaan' partners with DBS Bank India, Visa, and Amazon

Godrej Capital's 'Nirmaan', a platform meant to offer value-added services to MSME's, joins hands with DBS Bank India, Visa, and Amazon to expand MSME's customer base, streamline operations, and enhance productivity. 

Currently, 'Nirmaan' has expanded its collaborative model to include over 13 partners to include lenders with specified areas of expertise. 

Speaking about the partnership, Manish Shah, MD & CEO at Godrej Capital, said, "We aim to be catalysts and help MSMEs beyond lending by being a part of their business growth journey. With the collective commitment and services provided by our partners, we can make a difference and contribute towards making India a 5 trillion-dollar economy."

This partnership will enable DBS Bank India to offer MSMEs access to a comprehensive suite of value-added services, featuring a customised current account. 

Businesses registered with Nirmaan can gain exclusive benefits that go beyond the regular suite of offerings such as - a 1-year waiver on Minimum Average Quarterly Balance non-maintenance fees, seamless integration with Tally ERP for connected banking, highly competitive trade and FX pricing, the convenience of a Business Debit Card powered by Visa, and exclusive partner offers. 

Commenting on the partnership, Rajat Verma, MD and Head Institutional Banking Group at DBS Bank India, said, "We have designed an exclusive set of benefits for MSMEs on 'Nirmaan' that will help free-up cash flows through special fee-waivers on the current account variant, along with a host of partner offers to enhance business agility."

Visa, a global leader in digital payments, will provide comprehensive payment solutions for MSMEs through this partnership.

Sujai Raina, VP and Head Business Development of India at Visa, said, "We are facilitating the DBS Current Account with a Business Debit Card, an offering specially curated for Nirmaan users, that allows MSMEs to make payments seamlessly, thus enabling them to drive business priorities and growth imperatives".

Amazon's partnership with Nirmaan will help MSMEs showcase and sell their products to customers across India by listing them on its marketplace. It will additionally help open the door to global markets, with a three-month subscription to Amazon's e-commerce exports program called Amazon Global Selling.

Additionally, Nirmaan users can avail zero-cost access to website creation and omni-channel inventory management solutions from Smart Commerce by Amazon until March 2024.

Speaking on the partnership, Gaurav Bhatnagar, Head - Seller Acquisition at Amazon India said, "Through our collaboration with Godrej Capital Nirmaan, we aim to bring the benefits of digitisation and e-commerce closer to MSMEs. They will also be able to digitize their day-to-day operations through omni-channel inventory management solutions.

In addition to the existing partners Onsurity, Zolvit and MSMEx, the new partners - GeM Tech Paras, Escrowpay, GreytHR, and Serapis Knowledge Solutions - will provide MSMEs with access to a wider range of solutions to help them grow their businesses.