lipped from: https://www.financialexpress.com/industry/sme/msme-fin-treds-only-35-companies-registered-on-invoice-discounting-platform-out-of-nearly-5000-identified-by-govt-in-april-2021/2513112/ Credit and Finance for MSMEs: Back in 2018, the government, through a notification, had instructed public sector enterprises and all companies with a
Category: MSME-Startup
*****FISME to launch digital lending platform for MSMEs; signs MoU with financial guarantee provider Eqaro | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-fisme-to-launch-digital-lending-platform-for-msmes-signs-mou-with-financial-guarantee-provider-eqaro/2509312/ Credit and Finance for MSMEs: FISME said the platform is expected to be launched this year and will provide access to collateral-free capital
*****Integrating MSMEs into global value chains – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/integrating-msmes-into-global-value-chains/article65373553.ece Resolving the credit issues of the MSME sector is critical | Photo Credit: PICHUMANI K A bigger push towards digitalisation will give this
*Walmart invites Indian sellers to sell on Walmart Marketplace, reach over 120 million US consumers | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-exim-walmart-invites-indian-sellers-to-sell-on-walmart-marketplace-reach-over-120-million-us-consumers/2499137/ Trade, import and export for MSMEs: Walmart said it sees particular potential for India-made products in highly searched categories like furniture, bedding, home
*Need dedicated policy framework for MSMEs’ e-commerce exports in upcoming foreign trade policy: FISME | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-exim-need-dedicated-policy-framework-for-msmes-e-commerce-exports-in-upcoming-foreign-trade-policy-fisme/2499448/ Trade, import and export for MSMEs: FISME also suggested several short to mid-term measures to address operational inefficiencies faced by MSMEs when exporting through the
*Parl panel: Link Udyam portal with CIBIL, other databases; need UPI-like platform, credit card for MSMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-parl-panel-link-udyam-portal-with-cibil-other-databases-need-upi-like-platform-credit-card-for-msmes/2494143/ Ease of Doing Business for MSMEs: The need for formalising the credit ecosystem for MSMEs has assumed significance as less than 40 per
*‘Why MSMEs are hesitant in embracing non-conventional energy sources like rooftop solar’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-green-why-msmes-are-hesitant-in-embracing-non-conventional-energy-sources-like-rooftop-solar/2494235/ Sustainability for MSMEs: The rooftop solar sector has remained largely untapped. Against the government’s target of installing 40 GW of RTS power projects
9,800 MSME loans sanctioned in FY22 under SIDBI’s 59-minute loan scheme; this many disbursed | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-9800-msme-loans-sanctioned-in-fy22-under-sidbis-59-minute-loan-scheme-this-many-disbursed/2494355/ Credit and Finance for MSMEs: The scheme’s portal psbloansin59minutes.com enables in-principle bank approval for collateral-free term loans or working capital loans for MSMEs
*Funding women-led MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/funding-women-led-msmes/article65294537.ece Digital lending has eased funds flow but more needs to be done A study by the International Monetary Fund (IMF) and Goldman Sachs revealed
*****Extend NPA classification period to 180 days from 90 days for MSMEs: FICCI’s Economic Outlook Survey | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-extend-npa-classification-period-to-180-days-from-90-days-for-msmes-ficcis-economic-outlook-survey/2480355/ Ease of Doing Business for MSMEs: The survey, conducted in March 2022 among economists to forecast key macro-economic variables for FY23 and for
MSME: Women-led MSMEs in India rise 75% to 8.59 lakh units in FY22: Govt data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/women-led-msmes-in-india-rise-75-to-8-59-lakh-units-in-fy22-govt-data/articleshow/90566137.cms Synopsis MInister of State for MSME Bhanu Pratap Singh Verma said women-led registrations on Udyam Registration Portal saw a significant increase. NEW DELHI:
Payment apps are cornering the SME sector. What can India’s old-fashioned lenders do? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/payment-apps-are-cornering-the-sme-sector-what-can-indias-old-fashioned-lenders-do/articleshow/90556976.cms Synopsis There are several juggling acts going on here, apart from the millions of small businesspeople reconciling their accounts across the many services
CredAble disburses $3 billion to 1,50,000 MSMEs in one year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/credable-disburses-3-billion-to-150000-smes-in-the-last-12-months/articleshow/90537146.cms Synopsis Working capital financing remains a challenge for most businesses, especially for the MSMEs that are faced with unending funding woes and reeling
More MSMEs need to be brought within the defence supply chain ambit: Bhanu Pratap Singh Verma – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/more-msmes-need-to-be-brought-within-the-defence-supply-chain-ambit-bhanu-pratap-singh-verma/articleshow/90542065.cms Synopsis Emphasising the extensive and valuable contribution of the MSMEs in making the vision of Atmanirbhar Bharat through Make in India a reality,
A new era for microfinancing: RBI has done its part, onus now on industry to redeem policy trust | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-new-era-for-microfinancing-rbi-has-done-its-part-onus-now-on-industry-to-redeem-policy-trust/2469739/ The new RBI guidelines move regulation from a micro-business-rules approach to a principles-based one and plug regulatory gaps by making the framework applicable
What’s cash flow-based lending for MSMEs to cover operational expenses | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-whats-cash-flow-based-lending-for-msmes-to-cover-operational-expenses/2470000/ Credit and Finance for MSMEs: The growing focus among lenders on cash flow-based credit has come in the backdrop of the Reserve Bank
Unsecured loans: What MSMEs should do to get credit from banks, NBFCs without collateral | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-unsecured-loans-what-msmes-should-do-to-get-credit-from-banks-nbfcs-others-without-collateral/2469969/ Credit and Finance for MSMEs: Even as securing credit via the cash flow-based model is relatively easier than raising an asset-backed loan, the
Govt extends Rs 20,000-cr Subordinate Debt scheme for MSMEs till March 2023 | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-govt-extends-rs-20000-cr-subordinate-debt-scheme-for-msmes-till-march-2023/2460596/ Credit and Finance for MSMEs: The scheme provides credit facility via banks to the promoters of stressed MSMEs including special mention accounts (SMA)-2
Nearly 6,000 MSMEs got shut down during FY21 and FY22: Govt data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nearly-6000-msmes-got-shut-down-during-fy21-and-fy22-govt-data/2461592/ Ease of Doing Business for MSMEs: Among the total number of closures, 5,528 or 99.1 per cent were micro enterprises, 42 or 0.75
Small biz may get relaxation from compulsory GST registration norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/small-biz-may-get-relaxation-from-compulsory-gst-registration-norms/article65229117.ece USA, India, E-commerce, Computer, Buying, Credit card, Online Shopping, Retail, Icon | Photo Credit: jadamprostore Matter likely to be taken up in next
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