Clipped from: https://www.business-standard.com/finance/news/rbi-s-treds-platform-bridging-600-bn-funding-gap-for-smaller-firms-124102201091_1.html Trade Receivables Discounting System (TReDS) introduced about a decade ago by the Reserve Bank of India has seen the engineering company’s cost of
Category: MSME-Startup
👌👌👌👌👌👌👌SMEs have rebounded post-Covid, but urgent challenges are threatening India’s growth momentum – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/cover-story/story/smes-have-rebounded-post-covid-but-urgent-challenges-are-threatening-india-s-growth-momentum-438706-2024-07-25 Small and medium enterprises are starting to turn a corner after the Covid-19 pandemic. But the challenges they face need to be addressed
Credit for exporters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/credit-for-exporters/article68702541.ece Interest Equalization Scheme must be extended India’s exports touched a record $776 billion in 2022-23, almost double the figures from 2013-14. Despite this
Extension of Interest Equalisation Scheme for Exports up to 31.12.2024
Read more at: https://taxguru.in/dgft/extension-interest-equalisation-scheme-exports-31-12-2024.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/dgft/extension-interest-equalisation-scheme-exports-31-12-2024.html Directorate General of Foreign Trade (DGFT) has announced an extension of the Interest Equalisation Scheme (IES) for Pre
MSMEs recovering from Covid see 10% YoY growth in sales: Report – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/msmes-recovering-from-covid-see-10-per-cent-sales-u-gro-capital-dun-and-bradstreet-covid-recovery-nbfc-working-capital/3616961/ The MSME Sampark report 2024 by MSME-focused NBFC UGRO Capital and Dun & Bradstreet studied the MSME sample across seven sectors. The report
100 days of Modi 3.0: What’s in it for women entrepreneurs? – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/100-days-of-modi-govt-lakhpati-didi-mudra-loan-msme-ministry-information-and-broadcasting-ministry/3615929/ According to the official data, 39 per cent of micro, small and medium-sized enterprises registered with the MSME Ministry are women-owned in India.
CGTMSE guarantee coverage for women MSMEs increased to 90%: MSME Ministry – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/cgtmse-guarantee-coverage-for-women-msmes-increased-to-90-per-cent-msme-ministry-jitan-ram-manjhi/3613659/ The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85 per cent for loans up to Rs
Small Businesses generate 35 mn job applications till Aug 2024: Report – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/small-businesses-generate-35-mn-job-applications-till-aug-2024-report/3614305/ Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 cities like Jaipur, Indore, Ahmedabad, Lucknow,
Govt caps interest subvention amount at Rs 5 crore per IEC for MSME manufacturers – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/govt-caps-interest-subvention-amount-at-rs-5-crore-per-iec-for-msme-manufacturers/3614762/ In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalisation Scheme (IES)
GeM revised transaction charges: 0% for orders up to Rs 10 lakh; check full list – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/gem-revised-transaction-charges-0-per-cent-for-orders-up-to-rs-10-lakh-check-full-list-for-sellers/3615628/ In a revenue policy document on August 9, 2024, the portal announced zero per cent transaction charges for all orders valued up to
👌👌👌Import-export: How to apply for IEC online? Check steps – SME News | The Financial Express
lipped from: https://www.financialexpress.com/business/sme/import-export-how-to-apply-for-importer-exporter-code-iec-online/3615805/ The 10-character alpha-numeric IEC is necessary on the date of rendering services and is obtained separately by DGFT based on an online application.
👌👌👌RBI unlikely to cut rates soon, but prolonged elevation could harm economy – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Clipped from: https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long. Back home,
👌Interest Equalisation Scheme: Subvention Cap: Rs 5 Cr for MSMEs, Rs 2.5 Cr for Exporters
https://taxguru.in/dgft/interest-equalisation-scheme-subvention-cap-rs-5-cr-msmes-rs-2-5-cr-exporters.html Clipped from: https://taxguru.in/dgft/interest-equalisation-scheme-subvention-cap-rs-5-cr-msmes-rs-2-5-cr-exporters.html The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued Trade Notice No. 17/2024-2025 announcing amendments
👌👌👌Telangana launches MSME Policy 2024 to help small firms grow – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/telangana-launches-msme-policy-2024-to-help-small-firms-grow/article68655743.ece Clipped from: https://www.thehindubusinessline.com/news/telangana-launches-msme-policy-2024-to-help-small-firms-grow/article68655743.ece MSMEs to get access to land, finance, raw material, skilled labour Telangana Chief Minister A. Revanth Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, Industries Minister D. Sridhar
WhatsApp has been a game changer for India’s small businesses: Sandhya Devanathan – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/whatsapp-has-been-a-game-changer-for-indias-small-businesses-sandhya-devanathan/article68635009.ece Clipped from: https://www.thehindubusinessline.com/companies/whatsapp-has-been-a-game-changer-for-indias-small-businesses-sandhya-devanathan/article68635009.ece One of the key announcements included the Meta-verified badges on WhatsApp. In a one on one chat with businessline Sandhya Devanathan, VP, Meta in
E-commerce revolution is not inclusive enough – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/e-commerce-revolution-is-not-inclusive-enough/article68619123.ece Clipped from: https://www.thehindubusinessline.com/opinion/e-commerce-revolution-is-not-inclusive-enough/article68619123.ece MSMEs that are not digitally savvy, or are unable to deal with compliance issues, could fall by the wayside E-commerce poses a
Working capital cycle shortest in 25 years at 47.8 days, shows data
https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html Clipped from: https://www.business-standard.com/industry/news/working-capital-cycle-shortest-in-25-years-at-47-8-days-shows-data-124090400004_1.html If the current trend holds, this would mark the shortest net working capital cycle in at least a quarter-century Listen to This
