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
Category: MSME-Startup
*****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
Govt to extend loan scheme for building healthcare, medical infrastructure | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-to-extend-loan-scheme-for-building-healthcare-medical-infrastructure-122031001668_1.html A medical worker at a makeshift healthcare facility for Covid-19 patients in Delhi on January 18, 2022. (PTI Photo/Kamal Singh) The Centre will
Indian exporters on Amazon Global Selling platform cross 100,000 mark | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/indian-exporters-on-amazon-global-selling-platform-cross-100-000-mark-122031000933_1.html Seller numbers up 30% YoY since Jan 2020; value of cumulative overseas shipments surpasses $3 billion Amazon India said that over 100,000 Indian exporters
‘Hiking GST slabs will cripple trade, MSMEs’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/hiking-gst-slabs-will-cripple-trade-msmes/article65206037.ece Agrofood Chamber seeks reduction in GST slabs to 5, 10 and 15 per cent Any move by the government to increase the present
MSME Ministry launches ‘SAMARTH’ to promote women entrepreneurship – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-ministry-launches-samarth-to-promote-women-entrepreneurship/2453469/ Addressing the launch event, Minister for Micro, Small and Medium Enterprises (MSME) Narayan Rane said the MSME sector offers a plethora of opportunities
When money is not worth a penny: SMEs need more than monetary schemes to grow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/when-money-is-not-worth-a-penny-smes-need-more-than-monetary-schemes-to-grow/articleshow/89960953.cms SynopsisThe government has provided a lot of monetary support to small businesses. But stakeholders say it is time to look beyond such programmes
Treating the businessman as a felon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/treating-the-businessman-as-a-felon/article65056059.ece The malfeasance at ABG Shipyard went undetected for years | Photo Credit: – Too many laws criminalise business activity — but does that
India needs to take a serious look at its business laws. Here’s why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/india-needs-to-take-a-serious-look-at-its-business-laws-heres-why/articleshow/89782836.cms Synopsis In the Observer Research Foundation (ORF) report, ‘Jailed for Doing Business: The 26,134 Imprisonment Clauses in India’s Business Laws’ (bit.ly/ 3sU0Kdm) released
Co-lending to MSEs to get a boost with introduction of guarantee cover – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/co-lending-to-mses-to-get-a-boost-with-introduction-of-guarantee-cover/article65182981.ece Under CGSCL, CGTMSE will provide guarantee cover to credit facilities extended by a pair of Member Lending Institutions to a single eligible borrower
