Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/govt-approves-guidelines-for-small-business-cluster-development-programme-for-2021-26-period/articleshow/91847796.cms Synopsis The scheme aims at enhancing the competitiveness and productivity of micro and small enterprises by undertaking certain interventions. NEW DELHI: The government
Category: MSME-Startup
*****A Vyapar Credit Card for MSMEs | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-vyapar-credit-card-for-msmes-122052500022_1.html Government data indicates that less than 40 per cent of MSMEs borrow from the formal financial system The Standing Committee on Finance has
*****How critical are MSMEs in fulfilling Make-in-India goal of the Indian Air Force | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-explained-how-critical-are-msmes-in-fulfilling-make-in-india-goal-of-the-indian-air-force/2538791/ Ease of Doing Business for MSMEs: To promote MSMEs’ contribution to IAF and defence overall, the government had reserved procurement orders up to
*****MSMEs as the Growth Driver of India’s Exports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/brandhub/msmes-as-the-growth-driver-of-indias-exports/article65453405.ece In the wake of globalization, many things changed for Indian exports. A lot has changed from following the typical export procedures to carrying
*****India Wholesale Price Inflation: India’s WPI inflation at 17-year high threatens small businesses – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/indias-wpi-inflation-at-17-year-high-threatens-small-businesses/articleshow/91619848.cms Synopsis Annual wholesale price inflation, a proxy for producers’ prices, climbed to 15.08% in April, remaining in double-digits for the 13th month in
*****‘MSMEs must tap emerging opportunities’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/msmes-must-tap-emerging-opportunities/article65399282.ece Finance Minister Nirmala Sitharaman with recipients of the Startup Dhruv Award presented by the Startups Academy in Coimbatore on Monday. Vanathi Srinivasan, BJP
RBI opens banks credit for NBFCs to on-lend continuously to priority sector | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-opens-banks-credit-for-nbfcs-to-on-lend-continuously-to-priority-sector-122051301279_1.html Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector
*****Targeting stimulus schemes for small businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/targeting-stimulus-schemes-for-small-businesses/article65402076.ece Access to formal credit is still a huge problem for small businesses | Photo Credit: M A Sriram The Centre must build a
Cost accountants’ institute asks govt to allow members to conduct financial audits of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/cost-accountants-institute-asks-govt-to-allow-members-to-conduct-financial-audits-of-msmes/article65393957.ece Representative image | Photo Credit: NATASAADZIC Ask govt to allow its members to do various activities, including the tax audit under the IT-Act
*TReDS: Only 35% companies registered on invoice discounting platform out of nearly 5,000 identified by govt in April 2021 | The Financial Express
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
*****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:
