Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cait-releases-a-five-point-charter-to-protect-the-interest-of-domestic-traders/2937008/?utm_source=sme_landing_page&utm_medium=article_listing_widget&utm_campaign=Tags Ease of Doing Business for MSMEs: The trade body called upon the Central Government to roll out the e-commerce policy and National Retail
Category: MSME-Startup
Extend all MSME benefits to retail traders as well, retailers’ body RAI suggests govt | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-budget-2023-extend-all-msme-benefits-to-retail-traders-as-well-retailers-body-rai-suggests-govt/2937885/ Ease of doing business for MSMEs: According to RAI, the government should have a special focus on the retail sector for the long-term
NBFC lender Ambit Finvest acquires MSME business of fintech firm SME Corner | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nbfc-lender-ambit-finvest-acquires-msme-business-of-fintech-firm-sme-corner/2938033/ Credit and Finance for MSMEs: Other than assets, Ambit Finvest would acquire 300 employees of the SME Corner and their proprietary online platform
MSMEs to pay more for Gmail as Google changes policy | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msmes-to-pay-more-for-gmail-as-google-changes-policy/2634947/ Technology for MSMEs: MSMEs will be forced to get 2 TB storage as Google removed the option of upgrading to a 100 GB
Five areas for small businesses to look at for GST compliance | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-2023-five-areas-for-small-businesses-to-look-at-for-gst-compliances-in-the-new-year/2932650/ Ease of doing business for MSMEs: Recent changes in GST have indicated the government’s plans for 2023. The authorities are strict in revocation
What small businesses want from FM Sitharaman to address delayed payment issue | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-budget-2023-what-small-businesses-want-from-fm-sitharaman-to-address-delayed-payment-issue/2935221/ Credit and finance for MSMEs: In 2022, 31,192 delayed payment applications were filed by small businesses, of which only 1,056 were disposed. Facilitation
The stage is set for digital banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-stage-is-set-for-digital-banks/article66321746.ece MSMEs find it difficult to access formal credit. Digital banks can fill this vital gap, reducing delivery costs MSMEs need certainty in credit
GSTN can resolve MSME payment woes – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/opinion/gstn-can-resolve-msme-payment-woes/article66282618.ece MSMEs are unable to act against large firms not paying up on time. The GST software can be used here Inter-firm or trade
Gadkari wants surety bond insurance, not bank guarantee for infra projects | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gadkari-wants-surety-bond-insurance-not-bank-guarantee-for-infra-projects-122121901200_1.html Launches country’s first surety bond product, says instrument offers relief to contractors; govt has built in safeguards to protect insurers as well More
Fintech app UpScale launches e-invoicing solution for SMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-fintech-app-upscale-launches-e-invoicing-solution-for-smes/2919872/ Credit and finance for MSMEs: Nirav Choksi, Co-founder, and CEO at CredAble said the e-invoicing solution provides one-of-a-kind solutions to assist them (SMEs) in
Rising rates may pose risk to MSME loan portfolio | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/rising-rates-may-pose-risk-to-msme-loan-portfolio/2920015/ These comments come when a recent report from CRISIL Ratings indicated that around 43% of MSMEs would be unable to return to their
No definition of active sellers on GeM, all have equal opportunity to sell: Piyush Goyal | The Financial Express***
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-no-definition-of-active-sellers-on-gem-all-have-equal-opportunity-to-sell-piyush-goyal/2918574/ Ease of doing business for MSMEs: Launched in August 2016, GeM had 55.9 lakh sellers and 65,039 buyers as of December 18, 2022.
MSME loan approval rates muted despite 2-fold increase in funding: Report – The Hindu BusinessLine*******
Clipped from: https://www.thehindubusinessline.com/money-and-banking/msme-loan-approval-rates-muted-despite-2-fold-increase-in-funding-report/article66267519.ece MSMEs face a credit gap of ₹25 lakh crore as formal lenders meet less than 15 per cent of the sector’s requirements Quarterly
MSMEs’ Big Capex Push Accounts for 50% of New Loans – The Economic Times*****
lipped from: https://economictimes.indiatimes.com/epaper/delhicapital/2022/dec/15/et-mkts/msmes-big-capex-push-accounts-for-50-of-new-loans/articleshow/96235228.cms Synopsis Indian lenders are witnessing a revival of capital expenditure in the MSME segment, with up to 50% of fresh advances to this
NITI Aayog launches revamped Women Entrepreneurship Portal to onboard 2.5 lakh women entrepreneurs | The Financial Express*****
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-niti-aayog-launches-revamped-women-entrepreneurship-portal-to-onboard-2-5-lakh-women-entrepreneurs/2911927/ Technology for MSMEs: WEP was conceived in 2017 to boost the ecosystem for women entrepreneurship in India by aggregating key stakeholders and resolving
45% jump in FY22 credit to women-led MSMEs from pre-Covid level by public sector banks: RBI data | The Financial Express*
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-45-jump-in-fy22-credit-to-women-led-msmes-from-pre-covid-level-by-public-sector-banks-rbi-data/2911991/ Credit and finance for MSMEs: The amount increased from Rs 5.76 lakh crore in FY20 to Rs 7.31 lakh crore in FY21 and
Nearly 8,000 MSMEs shut in FY23 so far: Govt data | The Financial Express*
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nearly-8000-msmes-shut-in-fy23-so-far-govt-data/2910458/ Ease of doing business for MSMEs: The number of MSMEs recording a decline in their turnover compared to the previous financial year and
MSMEs to pay more for Gmail as Google changes policy | The Financial Express***
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msmes-to-pay-more-for-gmail-as-google-changes-policy/2634947/ Technology for MSMEs: MSMEs will be forced to get 2 TB storage as Google removed the option of upgrading to a 100 GB
Government may consider extending the repayment period under ECLGS: FIEO | The Financial Express*
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-government-may-consider-extending-the-repayment-period-under-eclgs-fieo/2636764/ Credit and Finance for MSMEs: The extension will reduce the repayment burden on the enterprises as businesses are again facing headwinds, says FIEO
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