Clipped from: https://www.financialexpress.com/business/sme-rbi-asks-msmes-to-formalise-business-focus-on-credit-discipline-capacity-building-for-credit-access-3676951/?ref=business_hp “While regulatory policies and government schemes have played a crucial role in creating an enabling environment for MSMEs, it is equally important for
Category: MSME-Startup
Banks’ MSME NPAs at 4.4% as of March 2024: FinMin – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-banks-msme-npas-at-4-4-as-of-march-2024-finmin-3677008/?ref=latest_hp The gross NPAs in MSME loans by SCBs had declined by 14 per cent to Rs 1.31 lakh crore in FY23 from Rs
👌👌👌👌👌RBI Deputy Governor red-flags diversion of funds by some MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-deputy-governor-red-flags-diversion-of-funds-by-some-msmes/article68910927.ece It is important for them to use bank funds for the purpose they were borrowed for, RBI Deputy Governor Swaminathan J said RBI
👌👌👌👌👌CEA urges large companies to make timely payments to SMEs for economic growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cea-urges-large-companies-to-make-timely-payments-to-smes-for-economic-growth/article68902252.ece CEA stressed that such payments are essential for India’s SME sector to grow and make a more significant contribution to GDP and to
👌👌👌In name of open economy, we gave unfair advantages to others: Jaishankar | External Affairs Defence Security News – Business Standard
Clipped from: https://www.business-standard.com/external-affairs-defence-security/news/in-name-of-open-economy-we-gave-unfair-advantages-to-others-jaishankar-124112301100_1.html Jaishankar said in the name of globalisation, we actually hollowed out the manufacturing. SMEs have been hurting for the last 30 years because
Sew it up – The Hindu BusinessLine [ Garment Industry-Exports ]
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sew-it-up/article68894385.ece Structural issues hold up textiles, garment exports Of late, there has been some discussion over whether India’s garment exporters can grab a slice
👌👌👌Target Rs 6.12 lakh cr MSME loans in FY26, Rs 7 lakh cr in FY27: Sitharaman asks banks – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-target-rs-6-12-lakh-cr-msme-loans-in-fy26-rs-7-lakh-cr-in-fy27-sitharaman-asks-banks-3668406/ The minister said traditionally, the banking sector has relied heavily on collateral-based lending models. This approach, while effective in certain cases, does not
👌👌👌Urban unemployment declines to 6.4 per cent in Q2; MSME revival seen – Jobs and Career News | The Financial Express
Clipped from: https://www.financialexpress.com/jobs-career/urban-unemployment-declines-to-6-4-per-cent-in-q2-msme-revival-seen-3668436/ The labour force participation rate (LFPR), defined as the percentage of persons in the labour force (working/seeking work) in the population, rose to
👌👌👌MSME jobs in India cross 23 crore mark: Govt data – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-msme-jobs-in-india-cross-23-crore-mark-govt-data-3670358/ The total employment also included 2.84 crore jobs by 2.38 crore informal micro units registered with the government through Udyam certification and 5.23
Business model for SMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/business-model-for-smes/article68890809.ece Badge engineering helps in product development In the automotive industry, badge engineering has become a new norm. It refers to the practice of
Want to change your company name? Here’s the process – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-want-to-change-your-company-name-heres-the-process-3668979/?ref=morelatest_hp When contemplating a name change, companies should carefully assess its potential impact. A thorough market analysis can ensure the new name resonates with
GST: Know registration process for your business, fees, time taken, more – SME News | The Financial Express
https://www.financialexpress.com/business/sme-gst-know-registration-process-for-your-business-fees-time-taken-more-3659854/ GST registration can be completed on the GST portal using the necessary documents, which include the applicant’s Aadhaar card, PAN, business registration certificate, ID
TReDS: Value of invoices financed has surged 23 times, says RBI DG Michael Patra – SME News | The Financial Express
https://www.financialexpress.com/business/sme-treds-value-of-invoices-financed-has-surged-23-times-says-rbi-dg-michael-patra-3663977/ The Deputy Governor noted that TReDS addresses the credit gap of MSMEs estimated at around Rs 52.2 trillion (Rs 52 lakh crore) by connecting
Credit for growth: Enhanced credit flow to boost MSME investment, growth
https://www.business-standard.com/opinion/editorial/credit-for-growth-enhanced-credit-flow-to-boost-msme-investment-growth-124111201710_1.html Since credit is growing at a healthy pace, lenders must properly evaluate businesses before extending credit At the recently held National MSME Cluster Outreach
MSME delayed payments: Only 20% complaints disposed so far, shows govt data – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-msme-delayed-payments-only-20-complaints-disposed-so-far-shows-govt-data-3662777/ MSME delayed payments: Only 20% complaints disposed so far, shows govt data. (Image: Pexels) Out of over 2.12 lakh complaint applications involving Rs
MSME insolvency: Pre-pack scheme sees only 13 applications admitted since 2021 – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-msme-insolvency-pre-pack-scheme-sees-only-13-applications-admitted-since-2021-3662971/ Out of the admitted cases, one has been withdrawn, resolution plans for five others have been approved and seven cases are ongoing. The
👌👌👌India SME Forum launches ‘Start Exporting in Eight Weeks’ programme | SME – Business Standard
lipped from: https://www.business-standard.com/industry/sme/india-sme-forum-launches-start-exporting-in-eight-weeks-programme-124092800676_1.html The ‘Start Exporting in Eight Weeks’ initiative is a movement towards transforming Indian MSMEs into a powerhouse of global trade India SME Forum
👌👌👌MSMEs will need to manage commodity price risk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/msmes-will-need-to-manage-commodity-price-risk/article68856654.ece Monitoring spot and futureprices, hedging, and greater adoption of digital transactions will help them pare the risk Micro, small and medium enterprises (MSMEs)
👌NFRA likely to propose audit norms for LLPs at Nov 25 board meeting
Clipped from: https://www.business-standard.com/economy/news/nfra-to-propose-audit-standards-for-llps-at-november-25-board-meeting-124111000376_1.html The meeting will be attended by representatives of the Institute of Chartered Accountants of India (ICAI), which had earlier drafted a Guidance Note
👌CAIT: 48 lakh weddings to generate Rs 6 lakh crore business this wedding season – SME News | The Financial Express
The upcoming wedding season in India from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore across around
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