Clipped from: https://www.business-standard.com/article/finance/micro-lenders-seek-extension-of-credit-guarantee-scheme-in-union-budget-122010500794_1.html Seek allocation of Rs 15,000 cr for FY23, of which at least 75% should be earmarked for small and mid-size MFIs Sa-Dhan, the
Category: MSME-Startup
MSMEs: Engines of growth for new India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/msmes-engines-of-growth-for-new-india/article38101722.ece From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the
Web3 social discovery platform Wall.app raises $1 million – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/web3-social-discovery-platform-wall-app-raises-1-million/articleshow/88668633.cmsSynopsis Wall.app is a platform where people can discover what NFTs’ top collectors are buying, meet people from various communities and interact with each
Deferral of GST hike: Textiles sector pins hopes on better options – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/textiles-sector-pins-hopes-on-better-options/article38094094.ece Proposes alternatives, including ones that can correct inversion, generate revenue The GST Council’s last-minute deferment of a proposed rate hike for lower-end textile
Start-ups to scale-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/2021-was-great-for-start-ups-its-time-to-shift-gears-amidst-financial-uncertainty/article38093623.ece 2021 was great for start-ups. It’s time to shift gears amidst financial uncertainty The trends emerging from 2021 indicate that India’s startup ecosystem
Traders would be compelled to shut businesses in absence of level playing field: CAIT to Piyush Goyal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-would-be-compelled-to-shut-businesses-in-absence-of-level-playing-field-cait-to-piyush-goyal/2396433/ Ease of Doing Business for MSMEs: E-commerce rules were first notified by the government in July 2020. However, amendments were proposed in June
MSME: Role of MSMEs crucial for India to become a $5-trillion economy, says Kant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/role-of-msmes-crucial-for-india-to-become-a-5-trillion-economy-says-kant/articleshow/88605491.cmsSynopsis The MSME sector is the backbone of the Indian economic structure and has a very important role in buffering it from global economic
NSE sees 100th firm migration from SME patform to main-board | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/nse-sees-100th-firm-migration-from-sme-patform-to-main-board-121123000880_1.html The exchange’s SME Platform — EMERGE — was launched in 2012 and has been providing a viable and sustainable option for SMEs to
Success rate for discounting MSME receivables on TReDS improved in FY21: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/success-rate-for-discounting-msme-receivables-on-treds-improved-in-fy21-rbi/article38061450.ece TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of MSMEs through banks and non-banking finance companies The success rate
Banks’ asset quality ‘may get dented’ as special schemes end: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-asset-quality-may-get-dented-as-special-schemes-end-rbi-report-121122801157_1.html Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis. Photo: Shutterstock The Indian financial system’s asset quality
Recast scheme to stay afloat, says RBI Trend & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/recast-scheme-to-stay-afloat-says-rbi-trend-progress-report-121122900048_1.html The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit. Representative image
Algo rhythm: Small and medium-sized businesses path to cloud | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/algo-rhythm-small-and-medium-sized-businesses-path-to-cloud-121122700009_1.html 83% of enterprise businesses say cloud solutions have helped their business recover from Covid-19 54% of traditional SMBs believe cloud solutions have aided
₹1.16-lakh crore MSME advances restructured since 2019 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/116-lakh-crore-msme-advances-restructured-since-2019/article38058087.ece Scheduled Commercial Banks (SCBs) have restructured micro, small and medium enterprise (MSME) advances aggregating to ₹1,16,332 crore since January 1, 2019. The total
‘Amazon Web Services helped start-ups optimise cloud costs by 30% during the pandemic’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/amazon-web-services-helped-start-ups-optimise-cloud-costs-by-30-during-the-pandemic/article38049184.ece Kumara Raghavan, India Head – Startup Sales Segment, AWS, Amazon Internet Services Kumara Raghavan, India Head – Startup Sales Segment, AWS, Amazon Internet
How MSMEs can improve their credit risk scores – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-msmes-can-improve-their-credit-risk-scores/2390163/ Credit and Finance for MSMEs: SME credit risk assessment models typically rely on the 3 Cs approach—capital, character, and capacity. Ensure that key
Enabling SME financing: The three pronged market-led solutions that can make a difference – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/enabling-sme-financing-the-three-pronged-market-led-solutions-that-can-make-a-difference/articleshow/88466542.cmsSynopsis As per an IFC report, SMEs take up a miniscule 6-7% credit share and face a credit gap of close to $1.1 trillion.
India must nurture entrepreneurship in smaller cities: Piyush Goyal | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-must-nurture-entrepreneurship-in-smaller-cities-piyush-goyal-121122401117_1.html Around 45 per cent Indian start-ups are from tier 2 and 3 cities and 623 districts have at least one recognised start-up. Commerce
Small units to lose businesses as govt tightens input tax credit rules – The Financial Express
Clipped from: https://www.financialexpress.com/economy/small-units-to-lose-businesses-as-govt-tightens-input-tax-credit-rules/2387570/ By doing away with the provisional ITC, the authorities have also made it difficult for small businesses to get supply orders from Corporate
Govt’s credit guarantee scheme crosses Rs 3 lakh cr mark in loans sanctioned to MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-msme-credit-guarantee-scheme-crosses-rs-3-lakh-cr-mark-in-loans-sanctioned/2387813/ Credit and Finance for MSMEs: The guarantee coverage by NCGTC is provided to member lending institutions with respect to the credit given by
Recovery chances look slim for Rs 20,000 crore of micro loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/recovery-chances-look-slim-for-rs-20000-crore-of-micro-loans/articleshow/88415574.cmsSynopsis Microfinance lenders including banks and small finance banks may find it difficult to recover about Rs 20,000 crore worth of loans, which will
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