Clipped from: https://www.business-standard.com/article/economy-policy/182-factoring-companies-for-msmes-now-up-from-seven-earlier-122012100032_1.html The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on
Category: MSME-Startup
PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-payu-offers-small-businesses-instant-credit-access-with-repayment-cycles-from-1-week-to-1-year/2409316/ Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year.
Informal sector has taken a big hit, says Gopal Krishna Agarwal, BJP’s Economic Affairs Spokesperson – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/informal-sector-has-taken-a-big-hit-demand-needs-a-boost-and-the-fiscal-consolidation-path-should-not-be-very-steep/article64910460.ece Says its recovery is the govt’s prime concern, also speaks on steps needed to be taken to boost demand Guiding the contours of
MSMEs largely outside the ambit of PLI scheme, many small businesses left out of ECLGS. Can Budget 2022 do a course correction? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-largely-outside-the-ambit-of-pli-scheme-many-small-businesses-left-out-of-eclgs-can-budget-2022-do-a-course-correction/articleshow/88986888.cmsSynopsis Faced with lingering Covid blues, the MSME sector wants the FM to reduce compliances, address rigid banking norms and announce a PLI-like scheme
MFI industry seeks higher credit guarantee scheme in budget 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/mfi-industry-seeks-higher-credit-guarantee-scheme-in-budget-2022/articleshow/88974904.cmsSynopsis In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in
Indian MSMEs need SROs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indian-msmes-need-sros/2409000/ A SRO can help set and monitor quality and production standards while safeguarding the consumer’s interest In India, as the MSME sector expanded,
How can MSMEs maximise input tax credit and better manage cash flows – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-how-can-msmes-maximise-input-tax-credit-and-better-manage-cash-flows/2407899/ Ease of Doing Business for MSMEs: Manual reconciliations are laborious. Offline tracking and coordination across teams such as the tax team, accounts payable
PayU offers small businesses instant credit access with repayment cycles from 1 week to 1 year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-payu-offers-small-businesses-instant-credit-access-with-repayment-cycles-from-1-week-to-1-year/2409316/ Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year.
Something Special For MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/something-special-for-msmes/articleshow/88937677.cmsSynopsis GoI’s fund of funds was meant to infuse over ₹50,000 crore in equity to invest in MSMEs. Apparently, MSMEs are wary over questions
How ease of remittance is driving financial inclusion – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-ease-of-remittance-is-driving-financial-inclusion/article64836777.ece The digital shift in remittances has potential to be truly inclusive for economic and social growth The role of foreign remittances in a
No relief in sight for industries stung by supply chain woes | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economy-business/no-relief-in-sight-for-industries-stung-by-supply-chain-woes-1071507.html While demand surged, the shortage of cargo containers and vessels to move them between countries worsened When the pandemic gripped the world in
India Digital Policy: As Omicron hobbles recovery, India needs to rethink its digital policy to support MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/as-omicron-hobbles-recovery-india-needs-to-rethink-its-digital-policy-to-support-msmes/articleshow/88890081.cmsSynopsis One means of enabling small enterprises to continue their business operations would be to expand their business handling to incorporate home delivery, especially
Indifi, GPay join hands to offer instant digital credit to SMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/indifi-gpay-join-hands-to-offer-instant-digital-credit-to-smes/articleshow/88891433.cms Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible small merchants on the Google Pay platform. The biggest challenge that most small business owners
Lending platform mPokket to hire over 1500 employees in 2022 – BusinessToday
Clipped from: https://www.businesstoday.in/jobs/story/lending-platform-mpokket-to-hire-over-1500-employees-in-2022-316598-2021-12-23 The Kolkata-based company will onboard over 1,500 employees in 2022, across its various verticals, it said in a statement on Thursday. Between April
Reasons why business loans are financially beneficial – BusinessToday
Clipped from: https://www.businesstoday.in/impact-feature/story/reasons-why-business-loans-are-financially-beneficial-318675-2022-01-11 Whether we wish to expand to a new location, purchase more technologically enhanced machinery for higher production, or hire more manpower to start
‘We have been streamlining process to start biz & an MSME can be started in a single day’ says P RAJEEVE, industries and law minister, Kerala | INTERVIEW | – The Financial Express
Clipped from: https://www.financialexpress.com/industry/we-have-been-streamlining-process-to-start-biz-an-msme-can-be-started-in-a-single-day-says-p-rajeeve-industries-and-law-minister-kerala-interview/2407076/ Kerala ranks 29, even behind Lakshadweep, in the ‘Ease of doing business index’ released in December 2021 P RAJEEVE, industries and law minister,
MSME body CIMSME launches portal for MSMEs to report payment defaults by pvt, govt buyers – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exclusive-msme-body-cimsme-launches-new-portal-for-msmes-to-report-payment-defaults-by-pvt-govt-buyers/2404210/ Ease of Doing Business for MSMEs: As of January 11, 2022, 333 users had registered on the portal, of which 123 have reported
SME director among two arrested in connection with input tax credit fraud | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/mumbai-sme-director-arrested-input-tax-credit-fraud-7713595/ CGST officials have arrested Omnipotent Industries Ltd director Punit Popat and Siddhanath Mishra, the proprietor of Shree Bitumax Trading. They have been remanded
How to avail post-export EPCG duty credit scrip scheme and what exporters must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/post-exports/how-to-avail-post-export-epcg-duty-credit-scrip-scheme-and-what-exporters-must-know/articleshow/88748157.cmsSynopsis The post-export EPCG duty credit scrip scheme is a popular programme of the DGFT under which the basic customs duty paid on capital
Over 30,000 MSME exporters to get specially designed websites for better digital presence – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-exim-over-30000-msme-exporters-to-get-specially-designed-websites-for-better-digital-presence/2401984/ Technology for MSMEs: The partnership will facilitate individuals and MSMEs including the new exporters, enterprises and artisans have an online digital presence, said
