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,
Category: MSME-Startup
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
icici bank: ICICI Bank to offer instant overdraft to sellers registered on Amazon India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-to-offer-instant-overdraft-to-sellers-registered-on-amazon-india/articleshow/86549718.cmsSynopsis The new credit assessment method offers convenience to the sellers as it does away with the paper-intensive bank statements or income tax returns
HDFC Bank Loan Policy: HDFC Bank’s loan restructuring 2.0 policy: Terms and conditions, eligibility, charges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/hdfc-banks-loan-restructuring-2-0-policy-terms-and-conditions-eligibility-charges/articleshow/86548784.cmsSynopsis Various banks have announced the terms and conditions for availing their loan restructuring 2.0. Here is a look at the FAQs of HDFC
Amazon’s ‘Great Indian Festival’ to begin on Oct 4; over 75,000 local shops to participate – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/amazons-great-indian-festival-to-begin-on-oct-4-over-75000-local-shops-to-participate-307534-2021-09-24 Furthering its commitment to support Small Medium Businesses (SMBs), the e-commerce giant has stated that Amazon GIF 2021 is dedicated to 8.5 lakh
Amazon’s ‘Great Indian Festival’ to begin on Oct 4; over 75,000 local shops to participate – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/amazons-great-indian-festival-to-begin-on-oct-4-over-75000-local-shops-to-participate-307534-2021-09-24 Furthering its commitment to support Small Medium Businesses (SMBs), the e-commerce giant has stated that Amazon GIF 2021 is dedicated to 8.5 lakh
SME Chatroom: ‘ITC available based on IGST payment shown in bill of entry’ | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-itc-available-based-on-igst-payment-shown-in-bill-of-entry-121092000685_1.html In the case of related party transactions, where contemporaneous imports/exports are not available, the matter goes to the Special Valuation Branch for further
Over 40% of Indian unicorns have been created in 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/over-40-of-indian-unicorns-have-been-created-in-2021/article36585307.ece?homepage=true This picture is used for representational purpose only. – z_wei This picture is used for representational purpose only. – z_wei× A unicorn is
Registration mandatory under MSME Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/registration-mandatory-under-msme-act/article36555608.ece?homepage=true A question that often arose was whether the counter parties — the buyers — would, despite, not being MSMEs, be able to raise
Putting India’s exports on a sustained growth path – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/putting-indias-exports-on-a-sustained-growth-path/2334797/ The government needs to invest in transport and logistics rather than rely on ad hoc export promotion measures, which have failed to boost
Banks should not ‘try to imitate’ fintech in process of re-imagination of biz models: Ex RBI deputy governor Mundra – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-should-not-try-to-imitate-fintech-in-process-of-re-imagination-of-biz-models-ex-rbi-deputy-governor-mundra/2334846/ Growingly, it is looking like banks are evolving as the fintech companies, which also do the business of accepting deposits and do lending,
Demand Seen: Loan guarantee scheme to stay through FY22 – The Financial Express
Clipped from: https://www.financialexpress.com/economy/demand-seen-loan-guarantee-scheme-to-stay-through-fy22/2334991/ “There is also a chance that initially, it may be extended by three months through December 2021, which could be followed by another
hdfc bank: India’s largest private lender, HDFC Bank, plots path to double retail loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-largest-private-lender-hdfc-bank-plots-path-to-double-retail-loans/articleshow/86388400.cmsSynopsis This would mark a sharp turnaround from the bank’s last year’s strategy when it slowed down retail lending due to a rise in
trade finance: Why trade finance is an important form of funding and how recent policy changes can strengthen it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/why-trade-finance-is-an-important-form-of-funding-and-how-recent-policy-changes-can-strengthen-it/articleshow/86313444.cmsSynopsis Trade finance is going to be an important form of resource raising for the foreseeable future – both for big corporates as well
Flipkart partners Davinta to offer credit facilities to MSMEs, kiranas – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/flipkart-partners-davinta-to-offer-credit-facilities-to-msmes-kiranas/2333027/ Flipkart Wholesale Senior Vice-President and Head Adarsh Menon said access to affordable and transparent credit is one challenge the company aims to solve.
6 examples of embedded finance that will transform the near future – The Financial Express
lipped from: https://www.financialexpress.com/money/6-examples-of-embedded-finance-that-will-transform-the-near-future/2330989/ Today, non-traditional financial players such as Amazon, Google, etc. are also trying their luck for market share in consumer financial services. Embedded finance
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
sme: 99% of Indian SMEs plan to offer contactless services on a permanent basis – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/99-of-indian-smes-plan-to-offer-contactless-services-on-a-permanent-basis/articleshow/86199664.cmsSynopsis The report stated that businesses which were partially digital before the pandemic moved their operations completely online last year. BANGALORE: With Covid-19 pandemic fueling the digital transformation
msme: ARCs may hunt MSME, retail assets as ground shifts: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/arcs-may-hunt-msme-retail-assets-as-ground-shifts-crisil/articleshow/86171056.cmsSynopsis ARCs have been facing headwinds in the past two fiscals, with assets under management (AUM) – as measured by security receipts (SRs) outstanding
