Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-why-covid-hit-msme-sector-is-prophesied-to-boost-economy-towards-5-trillion-goal-by-fy25/2347511/ Ease of Doing Business for MSMEs: Indian SMEs account for 80 per cent of the country’s enterprises, creating over 8,000 different value-added products,
Category: MSME-Startup
PayPal, IIFT to help MSME exporters tap into cross-border trade opportunity with training, support – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-exim-paypal-iift-to-help-msme-exporters-tap-into-cross-border-trade-opportunity-with-training-support/2349333/ Trade, imports, exports for MSMEs: IDTFF will particularly look at challenges around exports faced by small exporters and share ideas for possible solutions.
Credit for MSMEs: 5 key schemes beyond ECLGS, CGTMSE meant to ease small businesses’ capital woes – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-credit-for-msmes-5-key-schemes-beyond-eclgs-cgtmse-meant-to-ease-small-businesses-capital-woes/2349482/ Credit and Finance for MSMEs: In the past two decades or more, the government had rolled out dozens of credit schemes of different
Small businesses facing huge setbacks from blocked shipments, price hikes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/small-businesses-facing-huge-setbacks-from-blocked-shipments-price-hikes/articleshow/87011776.cmsSynopsis Between factory closures due to the coronavirus, an explosion in demand for certain products such as bicycles and computers, and personnel shortages at
Amazon rigged search results to promote its own products in India: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amazon-rigged-search-results-to-promote-its-own-products-in-india-report-121101300923_1.html Thousands of pages of internal Amazon documents examined by Reuters show the company ran a systematic campaign of creating knockoffs and manipulating search
Cartelisation: Competition Commission directs 8 MSMEs to cease, desist from unfair biz practices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cartelisation-competition-commission-directs-8-msmes-to-cease-desist-from-unfair-biz-practices/articleshow/86967897.cmsSynopsis The case, which pertained to the supply of axle bearings to Eastern Railway, was taken up by the regulator on the basis of
SIDBI’s 59-min loan scheme sees this much growth in loans sanctioned to MSMEs in over 12 months | The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-fin-in-little-over-12-months-sidbis-59-min-msme-loan-scheme-logged-this-much-growth-in-loans-sanctioned/2347441/ Credit and Finance for MSMEs: Loans disbursed grew 11 per cent from 1,96,473 loan applications involving Rs 54,545 crores as of August 31,
MSME: Udyam portal completes 5 million registrations: MSME Secy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/udyam-portal-completes-5-million-registrations-msme-secy/articleshow/86829768.cmsSynopsis The objective of the portal is to provide a single-page registration, consume less time and simplify processes of registering any enterprise as a
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
BSE receives in-principle approval from RBI for TReDS business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bse-receives-in-principle-approval-from-rbi-for-treds-business/articleshow/86780182.cmsSynopsis The TReDS platform will bring all the aforesaid participants together for facilitating uploading, accepting, discounting, trading and settlement of the invoices, bills of
Jupitice launches digital court to resolve disputes in MSME sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/jupitice-launches-digital-court-to-resolve-disputes-in-msme-sector/articleshow/86751237.cmsSynopsis The AI-driven platform will resolve disputes that include civil, commercial, personal, consumers under the Private Justice System. NEW DELHI: India digital court, developed by Jupitice Justice
FIDC seeks refinance mechanism for NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fidc-seeks-refinance-mechanism-for-nbfcs/article36817715.ece?homepage=true Further suggests arbitration should be considered a valid legal step taken for debt recovery under the ECLGS scheme. Finance Industry Development Council (FIDC)
Retail and MSMEs likely to see rise in slippages, say bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-and-msmes-likely-to-see-rise-in-slippages-say-bankers-121100400022_1.html The current level of NPAs masks the actual pain due to restructuring done under regulatory packages, both in 2020 and this year Rating
Rs 20k crore Subordinate Debt: Govt extends scheme till March 2022 but do MSMEs need it? | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-do-msmes-need-rs-20000-crore-subordinate-debt-scheme-thats-been-extended-till-march-2022/2343557/ Credit and Finance for MSMEs: The scheme’s purpose was to provide guarantee coverage for CGSSD to offer subordinate debt support with respect to
ECLGS: Govt extends emergency credit scheme till March 31 next year; here’s what MSMEs want – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-what-msmes-want-this-time-with-likely-extension-of-modi-govts-emergency-credit-scheme/2340391/ Credit and Finance for MSMEs: As of September 24, 2021, over Rs. 2.86 lakh crore worth of loans were sanctioned under the scheme
Delayed payment applications filed by MSMEs near a whopping 1-lakh mark: Govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-applications-for-clearing-over-rs-24k-crore-worth-msme-payments-filed-since-launch-of-msme-samadhaan-portal/2342813/ Ease of Doing Business for MSMEs: Out of the total applications filed, only 10 per cent (9,381) applications involving Rs 1,685 crore were
Modi govt’s MSME job portal: Only 54 vacancies currently for 4.73 lakh job seekers – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-skil-modi-govts-msme-sampark-job-portal-only-54-vacancies-currently-for-4-73-lakh-job-seekers/2342869/ Skill, Labour, Talent for MSMEs: The number of jobseekers was up by only 1.49 per cent from 4.66 lakh as of September 7, 2020,
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
MSME Credit Growth August 2021: Bank credit to micro, small enterprises up only 1.1% from year-ago, shows RBI data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-micro-small-enterprises-get-only-1-1-more-credit-from-banks-in-august-vis-a-vis-year-ago/2343390/ MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August
IIIPI panel lays out norms for RPs in MSME pre-pack – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/iiipi-panel-lays-out-norms-for-rps-in-msme-pre-pack/articleshow/86669104.cmsSynopsis Personal guarantees will likely get a disproportionate share of attention as experts craft the broad role definitions for professionals handling pre-packaged debt resolutions
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