Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msme-ministry-releases-2021-22-annual-report-expenditure-on-multiple-schemes-remains-minuscule/2440274/ Ease of Doing Business for MSMEs: The annual report continued to cite data on the number of MSMEs in India from the National
Category: MSME-Startup
Access to credible cash flow makes lending to SMEs very easy: SBI Chairman Dinesh Kumar Khara – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-access-to-credible-cash-flow-makes-lending-to-smes-very-easy-sbi-chairman-dinesh-kumar-khara/2440584/ Credit and Finance for MSMEs: “I’m confident because with the credible bureau scores we have, if we get access to credible cash flows,
MSME Sector: Highest capex allotment in Budget 2022 will fast-track MSME sector development – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/highest-capex-allotment-in-budget-2022-will-fast-track-msme-sector-development/articleshow/89715252.cms Synopsis The pandemic has stunted the growth of the economy because capital expenditure in the country, specially by the private sector, had been
Govt to create equity fund for start-ups with 20 pc limited partnership: MoS IT – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/govt-to-create-equity-fund-for-start-ups-with-20-pc-limited-partnership-mos-it/2438960/ “The finance minister has announced that there will be such a fund where the government will be a 20 per cent limited partner
TransUnion CIBIL partners with FICCI to help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/transunion-cibil-partners-with-ficci-to-help-msmes/articleshow/89659899.cms Synopsis The program’s objective is to empower MSMEs with knowledge on how to build a good credit history and CIBIL Rank to avail
Govt releases draft MSME policy; proposes 8 ‘action areas’ to overhaul the sector – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-govt-releases-draft-msme-policy-proposes-8-action-areas-to-overhaul-the-sector/2435761/ Ease of Doing Business for MSMEs: The government has highlighted eight “specific action areas” to “build a vibrant eco-system for the rapid growth
Underspending on MSME schemes increased in 2020-21, shows govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-underspending-on-msme-schemes-increased-in-2020-21-shows-govt-data/2433939/ Credit and Finance for MSMEs: Out of Rs 7,572.20 crore earmarked for the MSME Ministry in the Union Budget 2020-21, Rs 5,647.50 crore
Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-increasing-msmes-share-in-gdp-to-40-by-2025-is-a-herculean-task-aima/2413579/ Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports
Govt says ‘67% MSMEs were temporarily closed’ in FY21; industry insists blow much bigger -Covid fallout: The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/covid-fallout-govt-says-67-msmes-were-temporarily-closed-in-fy21-industry-insists-blow-much-bigger/articleshow/89493562.cms Synopsis Over 50% of the respondent units witnessed a decline of over 25% in their revenues in 2020-21. During FY21, 67% of MSMEs
What is govt’s Rs 6,000-cr plan with its RAMP programme for MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-in-depth-what-is-govts-rs-6000-crore-plan-with-its-ramp-programme-for-msmes/2430860/ Credit and Finance for MSMEs: The programme was launched on the basis of the recommendations from the UK Sinha Committee report in June
Over 26,000 ways an entrepreneur can land in jail for non-compliance of business laws – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/over-26000-ways-an-entrepreneur-can-land-in-jail-for-non-compliance-of-business-laws/article64999953.ece Five States have more than 1,000 imprisonment clauses in their business laws — Gujarat (1,469), Punjab (1,273), Maharashtra (1,210), Karnataka (1,175) and Tamil
Over 26,000 clauses that can put entrepreneurs in jail for non-compliance with business laws: Report – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-over-26000-clauses-that-can-put-entrepreneurs-in-jail-for-non-compliance-with-business-laws-report/2430450/ Ease of Doing Business for MSMEs: “This regulatory overreach impacts not just entrepreneurs running for-profits, but not-for-profit institutions as well. There is a
MSME credit: Now Amazon India sellers can get working capital loans from digital lender Lendingkart – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-msme-credit-now-amazon-india-sellers-can-get-working-capital-loans-from-digital-lender-lendingkart/2428503/ Credit and Finance for MSMEs: In December last year, Amazon had announced crossing the 10-lakh seller mark in India. Importantly, more than 90
No study undertaken by govt to estimate current MSME credit gap: Narayan Rane – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-no-study-undertaken-by-govt-to-estimate-current-msme-credit-gap-narayan-rane/2427891/ Credit and Finance for MSMEs: According to the June 2019 report by the UK Sinha Committee constituted by the Reserve Bank of India
Govt to renovate National Skill Qualification Framework, launch digital ecosystem for skilling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2022-23-govt-to-renovate-national-skill-qualification-framework-launch-digital-ecosystem-for-skilling/articleshow/89267308.cmsSynopsis At the same time, she announced that a new portal encouraging a digital ecosystem for skilling and livelihood- DESH-Stack e-portal will be launched.
Bank NPAs down but restructured advances could pose problems: Economic survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-down-but-restructured-advances-could-pose-problems-economic-survey/articleshow/89246386.cmsSynopsis Both gross NPA ratio and net NPA ratio of banks has declined since 2018-19 with GNPA ratio down to 6.9% in September 2021
gem: Government e-Marketplace portal is beating Amazon, Flipkart on discounts: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/government-e-marketplace-portal-is-beating-amazon-flipkart-on-discounts-economic-survey-2021-22/articleshow/89246425.cmsSynopsis 10 out of 22 commodities in the sample were cheaper on the GeM portal as compared to other platforms. A cost comparison of
Over 66 lakh MSMEs registered on Udyam portal, 95% are micro enterprises, 0.5% medium firms: Economic Survey 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-66-lakh-msmes-registered-on-udyam-portal-95-are-micro-enterprises-0-5-medium-firms-economic-survey-2021-22/articleshow/89243928.cmsSynopsis The Economic Survey also highlighted the Champions portal as being an ICT based technology system for making the smaller units big by helping
Credit to Medium & Micro firms register double-digit YoY growth in Nov: Eco Survey 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/credit-to-medium-micro-firms-register-double-digit-yoy-growth-in-nov-eco-survey-2022/articleshow/89243350.cmsSynopsis The Survey says the robust bank credit flow to the critical sector reflects the effectiveness of various measures taken by the Government and
Over 95 lakh borrowers, Rs 2.28 lakh crore disbursed under ECLGS: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/over-95-lakh-borrowers-rs-2-28-lakh-disbursed-under-eclgs-eco-survey/articleshow/89243780.cmsSynopsis Among other efforts, the Reserve Bank of India announced a 6 month moratorium and deferment of interest for all term loans which was
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