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)
Category: MSME-Startup
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
RBI opens third cohort under the Regulatory Sandbox – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-opens-third-cohort-under-the-regulatory-sandbox/articleshow/86680929.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The MSME segment has emerged as the growth engine of Indian economy contributing significantly to the economic and social development of the country
Big Billion Days 2021: Over 5,000 offline brand stores add to Flipkart’s seller base this festive season – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-over-5000-offline-brand-stores-to-sell-on-flipkart-this-festive-season/2341421/ Ease of Doing Business for MSMEs: Flipkart had last week announced dates for its annual festive sale from October 7 to October 12
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
How has the implementation of e-invoicing boosted the growth of businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/how-has-the-implementation-of-e-invoicing-boosted-the-growth-of-businesses/article36771050.ece It has helped streamline invoice management, increased efficiency in accounts receivables management and has also reduced audit risks The Indian e-invoicing vision &
SBI loan restructuring 2.0: Terms, who is eligible, how to apply – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/sbis-loan-restructuring-2-0-terms-who-is-eligible-how-to-apply/articleshow/86578916.cmsSynopsis The country’s largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation
TReDS: Invoicemart finances MSME invoices worth $2 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/invoicemart-finances-msme-invoices-worth-2-billion/articleshow/86613128.cmsSynopsis Digital transformation and adoption of invoice financing platforms like TReDS has helped MSME vendors to get early payments and bounce back to pre-COVID
Walmart: 2,500 Indian MSMEs complete first phase of training programme Vriddhi to become suppliers – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-walmart-2500-indian-msmes-complete-first-phase-of-training-programme-vriddhi-to-become-suppliers/2340562/ Ease of Doing Business for MSMEs: According to the company, Walmart Vriddhi is a growth and learning platform comprising of training and support
Raise a toast to our startup champs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/raise-a-toast-to-our-startup-champs/articleshow/86564439.cmsSynopsis This year’s instalment of the ET Startup Awards have announced winners in 9 categories from a shortlist of 45 companies in a whole
Champions portal: MSMEs’ grievance redressal up 38% since Jan; this many complaints resolved so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-champions-portal-msmes-grievance-redressal-up-38-since-jan-this-many-complaints-resolved-so-far/2339778/ Technology for MSMEs: Launched by PM Modi last year, the portal allows MSME associations, units, employees, and aspiring entrepreneurs, etc. to file complaints,
2 in 3 Indian SMBs suffered over Rs 3.5 crore business loss in post-pandemic cyber attacks: Survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-2-in-3-indian-smbs-suffered-over-rs-3-5-crore-business-loss-in-post-pandemic-cyber-attacks-survey/2338676/ Technology for MSMEs: Beyond the loss of customer data, SMBs lost internal emails, employee data, data related to intellectual property, and financial information.
Why liquidity is paramount for a business – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-why-liquidity-is-paramount-for-a-business/2337194/ A business may be very profitable but have a cash crunch which can bring its activities to an abrupt halt Companies and corporate
