Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/ecgls-helps-push-msme-loan-growth-as-of-end-sept-report/articleshow/81347763.cmsSynopsis Private banks and public sector banks (PSB) have seen a surge in growth in the June and September quarters, while non-bank financial companies
Category: MSME-Startup
Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/loan-restructuring-should-msmes-opt-for-rbis-one-time-restructuring-scheme/articleshow/81311056.cms Synopsis–Can the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
A proposed GST amendment may severely impact Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/a-proposed-gst-amendment-may-severely-impact-indian-exporters/articleshow/81360362.cms SynopsisAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for
Inside Atal Innovation Mission’s push to spur innovation across India’s hinterlands and help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/inside-atal-innovation-missions-push-to-spur-innovation-across-indias-hinterlands-and-help-msmes/articleshow/81330766.cmsSynopsis Atal Innovation Mission boasts of several unique measures to spur innovation across India’s hinterlands and help MSMEs. Atal Innovation Mission, the flagship initiative of the
Amazon onboards 50,000 small sellers under ‘Local Shops’ programme for shopkeepers in less than a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-amazon-onboards-50000-small-sellers-under-local-shops-programme-for-shopkeepers-in-less-than-a-year/2207926/ Technology for MSMEs: The small sellers selling under the Local Shops on Amazon programme belonged to metros, Tier-II, and III cities offering flowers,
Not all women benefit from WFH – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/not-all-women-benefit-from-wfh/article34013461.ece?homepage=true Women in the unorganised sector cannot work from home. Also stepping outside the home is crucial for empowerment Though the actual numbers vary
PM Modi’s Mudra loan scheme disbursed 94% of sanctioned amount to micro, small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pmmy-pm-modis-mudra-loan-scheme-disbursed-94-of-sanctioned-amount-to-mses/2208042/ Credit and Finance for MSMEs: Lending institutions including banks, non-banking financial companies, microfinance institutions, and others had disbursed Rs 3,29,684.63 crore in FY20
Sunrise beckons, turn from sunset: Aim for high-end services, manufacture–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/sunrise-beckons-turn-from-sunset-aim-for-high-end-services-manufacture/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Writing on this page on Thursday, NITI Aayog
Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/money/loan-restructuring-should-msmes-opt-for-rbis-one-time-restructuring-scheme/articleshow/81311056.cms SynopsisCan the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
Mudra loans tide over Covid-19 blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/mudra-loans-tide-over-covid-19-blues/article33962974.ece?homepage=true Job loss in urban areas pushing up rural demand for petty business loans The disbursal of small business loans under Pradhan Mantri Mudra
Small loans, big stakes: Why MSMEs are banking on fintech lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/small-loans-big-stakes-why-msmes-are-banking-on-fintech-lenders-121021601359_1.html Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour What’s helping new-age lenders outdo
Gadkari urges MSMEs to avail concessional finance and install solar rooftops – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/gadkari-urges-msmes-to-avail-concessional-finance-and-install-rooftop-solar/articleshow/81239869.cmsSynopsis The minister observed that a large amount is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of
GST Dynamic QR Code for B2C invoices: All you need to know to stay compliant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-dynamic-qr-code-for-b2c-invoices-all-you-need-to-know-to-stay-compliant/articleshow/81240268.cms Synopsis–The concept of UPI QR code is being followed by digital payment processors and is also available under the Income Tax Law. It’s
Imported raw material, other than precious metals, permitted to be used for job work – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/imported-raw-material-other-than-precious-metals-permitted-to-be-used-for-job-work/article33752299.ece Advance intimation of import consignment to be mandatory A manufacturer will now be able to use imported raw material for outsourced work also
Kirana comes full circle | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/kirana-comes-full-circle-121020801780_1.html Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we’ve come full circle on grocery It’s true
Export a new opportunity for construction equipment industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/export-a-new-opportunity-for-construction-equipment-industry/articleshow/81202159.cmsSynopsis The Indian CE market has been hobbled by the fact that the bigger machines are imported from China, Korea and Japan. (This story
Dip in gold jewellery exports hits small-scale units – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/dip-in-gold-jewellery-exports-hits-small-scale-units/articleshow/81202270.cmsSynopsis Estimates suggest that Gujarat also accounts for upto 10% of jewellery exports in India. Ahmedabad is home to at least 30-40 wholesale jewellery
The need for business continuity planning caps a disastrous year for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-need-for-business-continuity-planning-caps-a-disastrous-year-for-msmes/articleshow/81202797.cms The year 2020 was difficult for everyone, but it was particularly tough for SMEs. Months of lockdown, paucity of funds, and a fall in demand
MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-sector-emerged-as-growth-engine-of-economy-rbi-governor-shaktikanta-das/articleshow/81208004.cms Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the
Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indonesia: ISSDA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/stainless-steel-msmes-will-be-on-the-verge-of-bankruptcy-due-to-excessive-import-dumping-from-china-indonesia-issda/articleshow/81212911.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government reversed six trade remedies out of which three relate to stainless steel, which is just 3% of the overall steel industry
