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
Category: MSME-Startup
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
Rationalizing compliances, imprisonment clauses must for ease of doing business among MSMEs | The Financial Express***
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-rationalizing-compliances-imprisonment-clauses-must-for-promoting-ease-of-doing-business-for-msmes/2908073/ Ease of doing business for MSMEs: For MSMEs, the move to decriminalize business statutes is even more significant. Due to their size and
Small companies have a new definition. Will it help? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/small-companies-have-a-new-definition-will-it-help/articleshow/94978354.cms In the recent past, the Ministry of Corporate Affairs (MCA) has taken several measures towards ease of doing business by announcing various circulars and amendments
From zero to Rs 60k crore in a decade: Through SME IPOs, small businesses are raising big money – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/from-zero-to-rs-60k-crore-in-a-decade-through-sme-ipos-small-businesses-are-raising-big-money/articleshow/96074273.cms SynopsisThough the world is seeing multiple turmoil, some of India’s small businesses remain undeterred about taking the plunge into the listing pool. October
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