Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-account-aggregator-framework-can-be-smes-upi-or-is-it-too-early-to-give-credit/articleshow/87994782.cms SynopsisThe RBI’s decision to have an Account Aggregator framework to narrow the credit gap in the MSME sector is praiseworthy. But banks have
Category: MSME-Startup
cgcl: CGCL partners with State Bank of India for co-lending to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cgcl-partners-with-state-bank-of-india-for-co-lending-to-msmes/articleshow/87977648.cmsSynopsis The agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs
Govt to help restart MSMEs which shut down during pandemic: Rane | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-to-help-restart-msmes-which-shut-down-during-pandemic-rane-121112601379_1.html The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level
Kinara Capital launches mobile app for MSME collateral-free loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/kinara-capital-launches-mobile-app-for-msme-collateral-free-loans/articleshow/87912199.cmsSynopsis With this app, SMEs can choose to complete the process in their own time. They can contact Kinara’s customer call center directly or
Building a business with your spouse or partner? Here’s a guide to make it a smooth sailing -tessol: The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/building-a-business-with-your-spouse-or-partner-heres-a-guide-to-make-it-a-smooth-sailing/articleshow/87883391.cmsSynopsis Entrepreneurship can be a lonely journey, but the ride can get easier if co-founders can support each other. As an entrepreneur, running a
Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-niti-aayog-moots-full-stack-digital-banks-in-india-to-bridge-msme-credit-gap-releases-discussion-paper/2375443/ Credit and Finance for MSMEs: While neo banks are also a potentially effective channel to achieve social goals like empowering the hitherto under-banked
How to bounce back after a business fails – The Economic Times
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
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
