Clipped from: https://economictimes.indiatimes.com/news/how-to/how-to-bounce-back-after-a-business-fails/articleshow/87803989.cmsSynopsis Many small businesses close within a few years of opening For small-business owners, failure isn’t an option, it’s a reality. “One of the inside secrets
Category: MSME-Startup
C Rangarajan, B Sambamurthy write: Tackling the problem of bad loans
Clipped from: https://indianexpress.com/article/opinion/columns/reserve-bank-bad-loans-india-national-asset-reconstruction-company-7634517/ C Rangarajan, B Sambamurthy write: Despite various attempts to create an efficient framework for resolving bad loans, poor ecosystem and legal delays frustrate
NPAs of NBFCs, HFCs may rise for 3-4 quarters due to tweak in norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-of-nbfcs-hfcs-may-rise-for-3-4-quarters-due-to-tweak-in-norms/article37613501.ece RBI clarified that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears are paid – BIJOY GHOSH
ECLGS: 64% of Rs 4.5 lakh crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-64-of-rs-4-5-lakh-crore-credit-guarantee-scheme-sanctioned-to-1-25-crore-msmes-others-so-far/2373360/ Credit and Finance for MSMEs: ECLGS was modified in September for borrowers under ECLGS 1.0 and 2.0 to make them eligible for additional
Start-up GoodFellows gets back up from Ratan Tata – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/start-up-goodfellows-gets-back-up-from-ratan-tata/2372026/ Incidentally, the start-up – GoodFellows – has been founded by Shantanu Naidu, who is currently Ratan Tata’s business assistant. GoodFellows, which is in
sme: The changing face of SMEs: Here’s what to expect – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-changing-face-of-smes-heres-what-to-expect/articleshow/87812380.cmsSynopsis The shape of the pyramid of Indian SMEs is bound to change by 2024 as we expect a wave of consolidation sweeping 10-20%
Sidbi, Google tie-up to support MSMEs – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/sidbi-google-tie-up-to-support-msmes/article37556167.ece This partnership with GIPL brings a corpus of $15 million (around ₹110 crore) to micro, small and medium enterprises (MSMEs) as a crisis
SME Chatroom: General bond can be furnished for warehousing imported goods | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-general-bond-can-be-furnished-for-warehousing-imported-goods-121111500819_1.html Business Standard brings you the fortnightly Q&A on SMEs Q. We import certain goods that we want to keep in a bonded warehouse
How is invoice funding helping small businesses and Suppliers?-Times of India
Clipped from: https://timesofindia.indiatimes.com/blogs/voices/how-is-invoice-funding-helping-small-businesses-and-suppliers/ There are different segments that contribute to India’s economic development. Similarly, micro, small, and medium enterprises (MSME) contribute 30% of the country’s GDP through
It is easier now to start a new business | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/it-is-easier-now-to-start-a-new-business-1051516.html My experience in setting up an IT company back in 2009 and now in 2021 throws some interesting perspective on the changes Representative
MSME Ministry to assess sick and closed MSMEs, new units setup in 5 years, Covid impact, more – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msme-ministry-to-assess-sick-and-closed-msmes-new-units-setup-in-5-years-covid-impact-more/2370305/ Ease of Doing Business for MSMEs: The MSME Ministry maintains data of registered MSMEs through Udhyam Portal, Udyog Aadhar Registration and Entrepreneur Memorandum-II.
MSMEs can look at passing on rising input costs to consumers: Assocham President – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-interview-msmes-can-look-at-passing-on-rising-input-costs-to-consumers-assocham-president/2365187/ Ease of Doing Business for MSMEs: “The overall thing that you have to look at is that all the lead indicators in the
Registration mandatory under MSME Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/registration-mandatory-under-msme-act/article36555608.ece It envisages the establishment of the Micro & Small Enterprise Facilitation Council The Supreme Court of India, in its recent judgment in Silpi Industries
More clarity to ease MSME global trade – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/more-clarity-to-ease-msme-global-trade/articleshow/87529049.cmsSynopsis The pandemic has hurt MSMEs that make 95% of companies and account for 60% of employment across the world. Understandably, WTO wants to
Rural development ministry ties up with Flipkart to sell products made by artisans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rural-development-ministry-ties-up-with-flipkart-to-sell-products-made-by-artisans/articleshow/87490167.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Under the mission, poor women from different cross-sections of class and caste form into SHGs and their federations, providing financial, economic and social
Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/small-medium-issue-economic-recovery-gaining-steam-but-low-income-groups-demand-msmes-are-concerns/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
$158 billion finance gap for India’s 15M women MSMEs, 66% don’t have bank account: IFC’s Qamar Saleem – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/158-billion-finance-gap-for-indias-15m-women-msmes-66-dont-have-bank-account-ifcs-qamar-saleem/2357938/ Credit and Finance for MSMEs: The finance gap is largest for the women-owned ‘very small enterprises’ (WVSE) segment in India, which according to
More hype than actual impact | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/mudra-more-hype-than-actual-impact-1046109.html The government is still in the same excitement as it believes and maintains that PMMY (Pradhan Mantri MUDRA Yojana) has been a tremendous
Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/small-medium-issue-economic-recovery-gaining-steam-but-low-income-groups-demand-msmes-are-concerns/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Why gold loans continue to glitter in these trying times – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/why-gold-loans-continue-to-glitter-in-these-trying-times/article37268187.ece?homepage=true As economy unlocks, micro enterprises, individuals are turning to gold loans for working capital, personal needs Gold accounts for a large proportion of
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