👍👍👍👍👍👍👍WhatsApp Business to be a go-to-market app for every SME in India: Ravi Garg, Director Business messaging India, Meta | The Financial Express

https://www.financialexpress.com/business/sme-whatsapp-business-to-be-a-go-to-market-app-for-every-sme-in-india-ravi-garg-director-business-messaging-india-meta-3243945/ Clipped from: https://www.financialexpress.com/business/sme-whatsapp-business-to-be-a-go-to-market-app-for-every-sme-in-india-ravi-garg-director-business-messaging-india-meta-3243945/ Meta-owned messaging app WhatsApp is looking to play a larger and more meaningful role in India’s digital growth with its Business app,

Tata Power Solar, SIDBI to offer loans to MSMEs opting for rooftop solar PV plant | The Financial Express

https://www.financialexpress.com/business/sme-tata-power-solar-sidbi-to-offer-loans-to-msmes-opting-for-rooftop-solar-pv-plant-3241952/ Clipped from: https://www.financialexpress.com/business/sme-tata-power-solar-sidbi-to-offer-loans-to-msmes-opting-for-rooftop-solar-pv-plant-3241952/ Tata Power Solar and SIDBI also launched The Big Solar Fest to encourage the adoption of solar energy among MSMEs with zero

👍👍👍👍👍G20 paper by World Bank: MSME credit issue can be addressed by Digital Public Infrastructure; here’s how | The Financial Express

https://www.financialexpress.com/business/sme-g20-paper-by-world-bank-msme-credit-issue-can-be-addressed-by-digital-public-infrastructure-heres-how-3237197/ Clipped from: https://www.financialexpress.com/business/sme-g20-paper-by-world-bank-msme-credit-issue-can-be-addressed-by-digital-public-infrastructure-heres-how-3237197/ “MSMEs are a critical component of most economies, accounting for a significant portion of employment and economic activity. However, MSMEs often face

👍👍👍👍👍G20 platform for financial inclusion GPFI says MSME finance a priority area for next three years | The Financial Express

https://www.financialexpress.com/business/sme-g20-platform-for-financial-inclusion-gpfi-says-msme-finance-a-priority-area-for-next-three-years-3237357/ Clipped from: https://www.financialexpress.com/business/sme-g20-platform-for-financial-inclusion-gpfi-says-msme-finance-a-priority-area-for-next-three-years-3237357/ According to the G20 Financial Inclusion Action Plan (FIAP) by GPFI released on September 7, “MSME finance, interpreted as improving MSMEs’ access

Sachetisation of MSME Loans: A game-changer for Indian MSMEs? | The Financial Express

https://www.financialexpress.com/business/sme-sachetisation-of-msme-loans-a-game-changer-for-indian-msmes-3200233/ Clipped from: https://www.financialexpress.com/business/sme-sachetisation-of-msme-loans-a-game-changer-for-indian-msmes-3200233/ In the context of MSMEs, sachetisation of MSME loans allows these enterprises to access credit in smaller amounts that are tailored to

Punjab National Bank launches GST Sahay App for invoice-based MSME loans up to Rs 2 lakh | The Financial Express

https://www.financialexpress.com/business/sme-punjab-national-bank-launches-gst-sahay-app-for-invoice-based-msme-loans-up-to-rs-2-lakh-3227651/ Clipped from: https://www.financialexpress.com/business/sme-punjab-national-bank-launches-gst-sahay-app-for-invoice-based-msme-loans-up-to-rs-2-lakh-3227651/ Through the app, all GST-registered MSMEs having an active account with PNB will be able to access the bank’s GST Sahay service

56% of new internet users to be from rural India by 2025: report – The Hindu BusinessLine

https://www.thehindubusinessline.com/news/56-of-new-internet-users-to-be-from-rural-india-by-2025-report/article67282295.ece Clipped from: https://www.thehindubusinessline.com/news/56-of-new-internet-users-to-be-from-rural-india-by-2025-report/article67282295.ece The country is at the top spot in terms of a unique identity programme, with 130 crore people enrolled under Aadhaar, says

Udyam registration for MSMEs: Govt’s portal crosses 2.5 crore milestone; check details | The Financial Express

https://www.financialexpress.com/business/sme-formalising-msmes-new-milestone-achieved-this-many-msmes-registered-on-udyam-so-far-check-details-3231244/ Clipped from: https://www.financialexpress.com/business/sme-formalising-msmes-new-milestone-achieved-this-many-msmes-registered-on-udyam-so-far-check-details-3231244/ The total employment reported by 1.89 crore units (excluding UAP-based registrations) was 13.52 crore, as of September 3, 2023, with 1.38 crore

👍Enhancing MSME Growth through Risk Reduction: Introducing Credit Scoring in the Trade Credit Sector | The Financial Express

https://www.financialexpress.com/business/sme-enhancing-msme-growth-through-risk-reduction-introducing-credit-scoring-in-the-trade-credit-sector-3231241/ Clipped from: https://www.financialexpress.com/business/sme-enhancing-msme-growth-through-risk-reduction-introducing-credit-scoring-in-the-trade-credit-sector-3231241/ Using credit scores to provide loans has become quite a common phenomenon in the lending sector. It enabled banks to process loans

GeM’s provision of penal interest on delayed payments to be fully functional from September end | The Financial Express

https://www.financialexpress.com/business/sme-gems-provision-of-penal-interest-on-delayed-payments-to-be-fully-functional-from-september-end-3233318/ Clipped from: https://www.financialexpress.com/business/sme-gems-provision-of-penal-interest-on-delayed-payments-to-be-fully-functional-from-september-end-3233318/ In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to vendors

👍👍👍👍👍PayNearby, Grameen Foundation partner to upskill 1.5 lakh business correspondents in rural areas | The Financial Express

https://www.financialexpress.com/business/sme-paynearby-grameen-foundation-partner-to-upskill-1-5-lakh-women-in-rural-areas-as-business-correspondents-3232193/ Clipped from: https://www.financialexpress.com/business/sme-paynearby-grameen-foundation-partner-to-upskill-1-5-lakh-women-in-rural-areas-as-business-correspondents-3232193/ The collaboration will launch a two-year pan-India project ‘Scaling Agent Viability and Quality in India’ supported by the Bill and Melinda Gates

How RBI’s frictionless credit project will help borrowers – The Hindu BusinessLine

https://www.thehindubusinessline.com/blexplainer/how-rbis-frictionless-credit-project-will-help-borrowers/article67228230.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/how-rbis-frictionless-credit-project-will-help-borrowers/article67228230.ece The digital platform can help significantly reduce the turnaround time, which would lead to better operational efficiency What is the public tech

Credit demand of digitised SMEs to cross $570b in 5 years, says report – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/credit-demand-of-digitised-smes-to-cross-570b-in-5-years-says-report/article67231258.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-demand-of-digitised-smes-to-cross-570b-in-5-years-says-report/article67231258.ece According to a report by Redseer and GetVantage, out of the $220 billion credit demand, only $165 billion is being fulfilled In

India has moved from red tape to red carpet in last 9 yrs: PM Modi at G20

https://www.business-standard.com/india-news/india-has-moved-from-red-tape-to-red-carpet-in-last-9-yrs-pm-modi-at-g20-123082400220_1.html Clipped from: https://www.business-standard.com/india-news/india-has-moved-from-red-tape-to-red-carpet-in-last-9-yrs-pm-modi-at-g20-123082400220_1.html Prime Minister Narendra Modi on Thursday said India has moved from “red tape” to “red carpet” and has enabled unfettered Foreign Direct

Here’s everything ONDC can do for MSMEs to succeed via open e-commerce | The Financial Express

https://www.financialexpress.com/business/sme-explained-heres-everything-ondc-can-do-for-msmes-to-succeed-via-open-e-commerce-3228716/ Clipped from: https://www.financialexpress.com/business/sme-explained-heres-everything-ondc-can-do-for-msmes-to-succeed-via-open-e-commerce-3228716/ The increased adoption of ONDC in tier two and three cities and rural areas will open newer segments for banks and also

Amazon partners with India Post, Indian Railways to support MSME sellers; launches AI assistant for sellers | The Financial Express

https://www.financialexpress.com/business/sme-amazon-partners-with-india-post-indian-railways-to-support-msme-sellers-launches-ai-assistant-for-sellers-3228900/ Clipped from: https://www.financialexpress.com/business/sme-amazon-partners-with-india-post-indian-railways-to-support-msme-sellers-launches-ai-assistant-for-sellers-3228900/ “We had recently announced an incremental investment of $15 billion in India across all our businesses by 2030 and will continue to

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