Clipped from: https://indianexpress.com/article/opinion/editorials/delayed-payments-for-small-firms-stifle-economic-growth-8018047/ For every day that a payment is delayed for credit-starved MSMEs, there is an erosion of value. If this issue is not addressed
Category: MSME-Startup
‘Regulatory intervention a must for building risk management capabilities in small businesses’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-regulatory-intervention-a-must-for-building-risk-management-capabilities-in-small-businesses/2581211/ Ease of Doing Business for MSMEs: MSMEs must be ready to address strategic and operational risks, financial risks, insurance risks, project risks, engineering
*******Account Aggregator framework is a boon to SMBs as lenders won’t be able to store, analyse, sell financial info’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-account-aggregator-framework-is-a-boon-to-smbs-as-lenders-wont-be-able-to-store-analyse-sell-financial-info/2584155/ Credit and Finance for MSMEs: With the AA framework in place, India’s financial ecosystem will see a complete transformation. It will do to
How Meeshoo helped 5 lakh small businesses go online; targets breakeven early next year – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/how-meeshoo-helped-5-lakh-small-businesses-go-online-targets-breakeven-early-next-year/article65579436.ece ‘The move to waive compulsory GST registration will be a tailwind, making millions of small businesses come online’ Meesho, an e-commerce platform that
*Why do small businesses need insurance urgently? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-do-small-businesses-need-insurance-urgently/articleshow/92611894.cms Synopsis Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not
Govt ready for key policy changes to encourage small entrepreneurs: PM Modi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/govt-ready-for-key-policy-changes-to-encourage-small-entrepreneurs-pm-modi/articleshow/92582694.cms Synopsis The Centre has increased the budget by more than 650% in the last eight years to strengthen the MSME sector, Modi said.
Surat’s textile hub consolidated as small players failed to survive GST | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/surat-s-textile-hub-consolidated-as-small-players-failed-to-survive-gst-122062900849_1.html This ground report from the diamond city captures the travails of small-scale units A big blow to the industry in the first year
Small traders to gain in GST relief for e-commerce sellers, transport | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/small-traders-to-gain-in-gst-relief-for-e-commerce-sellers-transport-122062901384_1.html For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including
MSME can generate more profits from e-commerce, says MoS Verma | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-can-generate-more-profits-from-e-commerce-says-mos-verma/2574445/ The minister at the event also launched a report on the India D2C market compiled by Praxis in association with Shiprocket and CII.
GST registration for small businesses – Here’s all you need to know | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/gst-registration-for-small-businesses-heres-all-you-need-to-know/2573891/ GST may seem like a mixed bag for small and medium businesses in the short term, but when you go through all its
Supply chain crisis one of the biggest challenges in recent years, says BB Swain, MSME Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-day-supply-chain-crisis-one-of-the-biggest-challenges-in-recent-years-says-bb-swain-msme-secretary/articleshow/92490142.cms Synopsis The United Nations General Assembly in 2017 declared 27 June as MSME Day, to raise public awareness of their contribution to sustainable
A fourth of MSMEs lost market share to big corporations during Covid: Study – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/a-fourth-of-msmes-lost-market-share-to-big-corporations-during-covid-study/articleshow/92493424.cms Synopsis Sectors such as transport operators, edible oil, gems and jewellery are the most vulnerable to operating profit losses owing to wafer thin
Pvt banks more than triple their share in loans sanctioned to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pvt-banks-more-than-triple-their-share-in-loans-sanctioned-to-msmes/articleshow/92484518.cms Synopsis Many private sector banks started cutting their exposure to small businesses when the pandemic broke out but with govt guarantees coming in
RBI’s co-lending model: A relief for the priority sector–ECONOMIC TIMES.COM
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbis-co-lending-model-a-relief-for-the-priority-sector/articleshow/92426120.cms Synopsis Over the last two years, sectors such as ed-tech, pharmaceuticals, e-commerce witnessed exponential growth, but MSMEs were left high and dry. The Micro
MSME Day 2022: The architecture for India’s stronger, equitable economic growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-day-2022-the-architecture-for-indias-stronger-equitable-economic-growth/articleshow/92327671.cms In March 2020, weeks into the first lockdown, we at ETRise decided to pivot from what we normally write on and focus on
*****SolutionBuggy: MSME entrepreneurs need not be at a loss for way to get started | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/solutionbuggy-msme-entrepreneurs-need-not-be-at-a-loss-for-way-to-get-started/2565987/ Startup’s AI-based platform enables manufacturers and consultants to work together on projects. Covid-19 has played a key role in demand growing for digital
*****More than meets the eye: How fragmented data creates credit models for nano entrepreneurs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-more-than-meets-the-eye-how-fragmented-data-creates-credit-models-for-nano-entrepreneurs/2562020/ Credit and Finance for MSMEs: Building alternate credit models and disseminating credit is just the first step in the neo-lending journey. With the
MSMEs: Unpaid dues: How state governments could effectively aid MSME through invoice discounting – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/unpaid-dues-how-state-governments-could-effectively-aid-msme-through-invoice-discounting/articleshow/92272443.cms Synopsis Small ticket sizes, lack of credit history, and insufficient collateral to raise funds from the traditional banking system are the primary issues
Parl panel: Extend GST Composition Scheme to e-sellers; onboarding MSMEs should be obligatory for e-commerce portals | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-parl-panel-extend-gst-composition-scheme-to-e-sellers-onboarding-msmes-should-be-obligatory-for-e-commerce-portals/2563436/ Ease of Doing Business for MSMEs: The panel also suggested the Department of Commerce to exempt MSMEs from the payment of the 0.5
*****Skills training for MSMEs should change – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/skills-training-for-msmes-should-change/article65515326.ece Whether in Tripura or Haryana, there is little interaction between MSMEs and the ITIs. District Industries Centres should step in Developing and implementing
