Clipped from: https://economictimes.indiatimes.com/tech/startups/indian-trio-reap-500-million-each-selling-payments-startup/articleshow/85863132.cmsSynopsis In an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU found itself having to take complete
Category: MSME-Startup
Loan-carnival push may yield little: Overall business sentiment needs to improve for credit-growth to regain its mojo – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/loan-carnival-push-may-yield-little-overall-business-sentiment-needs-to-improve-for-credit-growth-to-regain-its-mojo/2319975/ The de-growth was contained as a result of the medium industries segment registering a sharp growth of 54.6% in June 2021. Loans to
POS player for SMEs Mswipe eyes 3X growth in merchant count by 2024 target of acquiring NBFC license – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-pos-player-for-smes-mswipe-eyes-3x-growth-in-merchant-count-by-2024-target-of-acquiring-nbfc-license/2322173/ Ease of Doing Business for MSMEs: “There are banks that are consumer-focused, or large enterprise-focused but no bank largely focuses on SMEs at
Micro-smart loan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-tech/micro-smart-loan/article35923928.ece?homepage=true No matter how desirable financial inclusion is, banks are not going to lend to small-ticket, first-time borrowers because there is no way to
P2P lending is for those with a high risk appetite, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/p2p-lending-is-for-those-with-a-high-risk-appetite-say-analysts-121083001188_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Limit lending amount and diversify among borrowers P2P platforms enable lenders to earn a higher rate of interest. Two prominent fintech players recently
msme: MSME can be foundation for bigger industries: Jitendra Singh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-can-be-foundation-for-bigger-industries-jitendra-singh/articleshow/85477195.cmsSynopsis With low investment requirements, operational flexibility, and the capacity to develop appropriate indigenous technology, small and medium enterprises have the power to propel
facebook: Facebook India launches ‘Small Business Loans Initiative’ for SMBs across 200 cities – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/facebook-india-launches-small-business-loans-initiative-for-smbs-across-200-cities/articleshow/85483138.cmsSynopsis In the last one year, Facebook has taken numerous steps to support the economic recovery of small businesses. Social media giant Facebook India on Friday
FM Nirmala Sitharaman launches new fund for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-nirmala-sitharaman-launches-new-fund-for-msmes/articleshow/85521867.cmsSynopsis The fund, co-sponsored by Exim Bank and Sidbi, was formed as per a 2020 union budget announcement but its launch was delayed due
Public sector banks report sharp slippages in MSME loans in Q1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/public-sector-banks-report-sharp-slippages-in-msme-loans-in-q1/article35879696.ece?homepage=true Covid-19 appears to have impacted small businesses, curtailing their repayment ability In a visible sign of stress in the MSME portfolio, public sector
MSME financing will reach consumer financing level in the next 5 years: U GRO’S Shachindra Nath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/how-msme-financing-can-reach-consumer-financing-level-in-the-next-five-years/articleshow/85267124.cmsSynopsis The MSME sector contributes almost 35% of the GDP, employs roughly around 8% of the population and has a credit gap of more
Advantage MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/advantage-msmes/article35841860.ece Pharma PLI rule tweak favours incumbents To promote industrial growth, the government, supporting ‘Atmanirbhar Bharat’ and ‘Make in India’, has come up with
Nearly half the loans under ECLGS went to services sector, traders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nearly-half-the-loans-under-eclgs-went-to-services-sector-traders-121081001705_1.html Together, the two sectors account for over Rs 91,000 crore worth of govt-guaranteed loans out of a total of Rs 1.98 trillion Illustration:
High stress: PSBs set aside over 60% of operating profit as provisions – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/high-stress-psbs-set-aside-over-60-of-operating-profit-as-provisions/2308300/ Bankers say the first quarter saw stress mounting in the retail and small business segments as a result of the second Covid wave.
The foreign stimulus | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-foreign-stimulus-121080901997_1.html With foreign money pouring into the start-up universe, the economy may finally get the stimulus that the government was unable to provide The
Will revised factoring rules really help the MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-will-revised-factoring-rules-really-help-the-msmes/articleshow/85190605.cmsSynopsis If bankers are reluctant to provide working capital loans to cash-strapped MSMEs, what is in it for them to fund MSMEs through factoring?
Traders’ body to all Chief Ministers: ‘Considerable avoidance’ of GST by e-commerce firms, need probe – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-body-to-all-chief-ministers-considerable-avoidance-of-gst-by-e-commerce-firms-need-probe/2306839/ Ease of Doing Business for MSMEs: The association had levelled allegations against Amazon and Flipkart for undertaking unethical business practices such as deep
Revision of MSME definition in midst of Covid pandemic: Investment and employment implications – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-revision-of-msme-definition-in-midst-of-covid-pandemic-investment-and-employment-implications/2306697/ Ease of Doing Business for MSMEs: In general, periodic definition revision of MSMEs is justified on the following three grounds: to take account
Monetary policy: Steady as she goes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-policy-steady-as-she-goes/articleshow/85110268.cmsSynopsis If RBI wants to really push credit in the economy, instead of throwing more money at risk-averse, loan-shy banks, it should lend directly
Rise in retail stress levels not alarming : RBI Deputy Governor Jain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rise-in-retail-stress-levels-not-alarming-rbi-deputy-governor-jain/articleshow/85121300.cmsSynopsis “With regard to any kind of movement of stress in the retail and MSME sector we are very closely monitoring, yes there is
Sidbi: SIDBI launches Swavalamban Challenge Fund to promote entrepreneurship – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/sidbi-launches-swavalamban-challenge-fund-to-promote-entrepreneurship/articleshow/85093495.cmsSynopsis A challenge fund is a fund support mechanism to allocate funds for specific purposes using competition among organisations. Small Industries Development Bank of
