Prime Minister Narendra Modi on Friday promised traders ₹50-lakh loan without any collateral, credit card facility and a pension scheme for small shopkeepers as he
Category: MSME-Startup
Aye Finance: Aye Finance launches its not for profit company for advancement of micro enterprises–Economic Times
After successfully enabling the financial inclusion of over 1,00,000 micro enterprises, Aye Finance is launching its not for profit Company FAME (Foundation for Advancement of Micro Enterprises), under which
Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report | Business Standard News
PSBs are showing a sustained and significant decline in market share of MSME lending Aggregate micro small and medium enterprise (MSME) lending, for both entities and individuals,
Vayana: Vayana Network hits $2b in loan disbursals–Economic Times
Vayana Network, which lends to small and medium enterprises, has doubled loan disbursals to $2 billion (Rs 15,000 crore) by end-March, helped by rapid growth in the
MSME: There’s a need to technologically enhance invoice discounting in India
By Nipun Kohli One of the leading impediments to overall health and sustainability of supply chains is the uncertainty in payments. As a consequence, the small-scale
An MSME-focused credit risk database will help both lenders and enterprises – The Financial Express
By Savita Shankar The micro, small, and medium enterprise (MSME) sector is estimated to comprise of over 63 million enterprises and contributes 28.8% to the
MSME credit: Public sector banks’ share dips to 39% – The Hindu BusinessLine
The share of public sector banks in lending to micro, small and medium enterprises (MSME) has been declining although overall lending to the sector has
SBI and PAISALO to enable MSME segment with income generation loans – The Economic Times
PAISALO Digital Limited is a systemically important non-deposit taking NBFC registered with the Reserve Bank of India and has been in operations since 1992. With a vision of empowering the
MSME: MSMEs may have potential to create 1 cr jobs in 5 years: Research Firm – The Economic Times
Despite the recent sluggishness in demand, India remains an attractive consumption-oriented market with the growth of the middle class and rising disposable income. However, only 15% of
SME: Pitney Bowes, Shyplite Partner come together to launch shipping platform for SMEs–Economic Times
Pitney Bowes Inc, a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance, and data, and Shyplite, a logistics technology company
MSME: Overall credit growth not broad-based, to MSMEs it’s muted: Shaktikanta Das–Economic Times
Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have
MSME sector: Current NPA norms are absurd, highly counterproductive: Animesh Saxena, FISME President – The Economic Times
Exporters find it very difficult to enter into forward contracts due to prevailing uncertainty over the fate of MEIS scheme. Employing 40% of country’s workforce,
Rahul announces three year exemption from govt regulations for new MSMEs | Business Standard News
Congress president Rahul Gandhi on Wednesday said a key promise of his party’s manifesto, to be unveiled in the coming days, would relate to helping the MSME sector.
How MSMEs can create a win-win relationship with their customers – The Economic Times
By Rajiv Talreja ‘Customer is king’, is a business principle that has been spoken about since the 1990’s management classes. I completely agree that your
In duty drawback, a readymade short-term gain for SMEs: CRISIL | Business Standard News
CRISIL expects the export incentives announced by the government in December 2018 to materially benefit the readymade garments (RMG) segment. In fiscal 2018, the segment housed about 37,400
Unemployment in India: Energising SMBs can be the answer to the employment problem – The Financial Express
By Ajay Kela Small and medium businesses (SMBs) are critical to every economy. In developing nations, with few conglomerates, SMBs can be the lifeblood of
Standard Chartered to set up a digital SME platform in India – The Economic Times
The technology platform will provide a data-driven ‘digital only’ experience to SMEs, supported by artificial intelligence and machine learning. To help Small and Medium Enterprises
crowdfunding: India should take its time to evolve policies on equity crowdfunding: Crowdera’s Chet Jain – The Economic Times
“Our goal is – whatever money can buy, how do we get those things to the startups,” he said. Started in November 2014 by Chet Jain and Chaitanya
MSMEs: Treading the right path: For cash-starved businesses, TReDS can be an invaluable lifeline – The Economic Times
The enthusiasm seems to have caught on going by the increasing numbers of players coming on board every other day on these platforms. Sample this.
Kotak Mahindra Bank joins ‘PSB Loans in 59 Minutes’ – The Economic Times
Online PSB Loans Limited and Kotak Mahindra Bank (Kotak) today announced that Kotak is the first private sector bank to join the platform – psbloansin59minutes.com. Kotak will offer loans up to
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