Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/google-to-give-rs-109-crore-to-support-smbs-in-india/articleshow/81084841.cmsSynopsis When the pandemic hit last year, Google announced a $200 million investment fund as part of its more than $800 million commitment to
Category: MSME-Startup
Funding and MSMEs: Can banks & fintech together address the credit gap for small businesses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/funding-and-msmes-can-banks-fintech-together-address-the-credit-gap-for-small-businesses/articleshow/81087510.cmsSynopsis With the COVID 19 pandemic disrupting economic activities worldwide, the role of fintech, banks, and NBFCs in powering small businesses in the post-pandemic
Government’s initiatives brings back loan growth to pre-Covid levels – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/governments-initiatives-brings-back-loan-growth-to-pre-covid-levels/articleshow/81094227.cmsSynopsis Enquiries by borrowers rose 13 per cent year-on-year as of December’20 with lending growth largely being driven by the MSME segment. The total
CAIT demands ban on Amazon’s e-commerce operations in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/cait-demands-ban-on-amazons-e-commerce-operations-in-india/articleshow/81094552.cmsSynopsis Traders’ body CAIT on Thursday urged the government to impose a ban on Amazon’s e-commerce portal and its operations in India, accusing the
Inside Amazon’s secret strategy to dodge India e-commerce regulations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/amazon-documents-reveal-its-secret-strategy-to-dodge-india-regulators/articleshow/81059533.cms Amazon documents reveal its secret strategy to dodge India regulators Synopsis Amazon favoured big sellers on its India platform—and used them to maneuver
Google to invest $75 million in coronavirus-hit small businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/google-to-invest-75-million-in-coronavirus-hit-small-businesses/articleshow/81058549.cmsSynopsis The funds are part of an $800 million initiative that Google announced in March last year in response to the pandemic. Indian companies
The TReDS route to trade credit–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/the-treds-route-to-trade-credit/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. A Parliamentary Standing Committee wanting to make the
Stung by COVID-19, Indian businesses rethink worker benefits – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/stung-by-covid-19-indian-businesses-rethink-worker-benefits/articleshow/80964148.cmsSynopsis Almost a quarter of the informal workers are migrants who typically travel from their villages to bigger cities in distant parts of the
Compulsory TReDS to ease payment woes for MSMEs, small companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/compulsory-treds-to-ease-payment-woes-for-msmes-small-cos/articleshow/80947583.cmsSynopsis The Centre is seeking to cut through swathes of bureaucracy and speed up bill payments by getting its departments to compulsorily adopt the
NBFCs’ stressed assets could touch ₹1.5-1.8-lakh cr by fiscal end: Crisil Ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-stressed-assets-could-touch-15-18-lakh-cr-by-fiscal-end-crisil-ratings/article33850173.ece?homepage=true That’s 6% to 7.5% of their AUM; personal loan segment to be the ‘big challenge’ this year Stressed assets of non-banking financial companies
January exports growth hits 22-month high: Commerce ministry data – The Financial Express
Clipped from: https://www.financialexpress.com/economy/january-exports-growth-hits-22-month-high-commerce-ministry-data/2195485/ Imports, too, recorded a second successive month of growth (2% year-on-year) in January but the pace of rise slowed from 7.6% in December
Loans: PMAY can be applied only once – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-pmay-can-be-applied-only-once/2195389/ Do not take loan to invest in stocks. Use proposed EMI to invest via SIP Yes, with a greater than 800 CIBIL score
A 5G opportunity for Indian startups–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/a-5g-opportunity-for-indian-startups/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. As the world rolls out the fifth-generation technology
Do not write an obit for Indian Microfinance sector just yet – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/do-not-write-an-obit-for-indian-microfinance-sector-just-yet/articleshow/80917807.cmsSynopsis Microfinance industry has bounced back after every crisis. Similar resilience is expected from the sector post the COVID-19 crisis as well The global
Taking a cue from China: How India can help SMEs flourish and prosper – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/taking-a-cue-from-china-how-india-can-help-smes-flourish-and-prosper/articleshow/80917708.cmsSynopsis There have been many factors that aided the growth of Chinese SMEs, including strong cultural advantages and a sharp focus. India too can
‘E-comm platforms have reduced export barriers’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/e-comm-platforms-have-reduced-export-barriers/article33836397.ece?homepage=true (Clockwise from left) Abhijit Kamra, Director Global Trade at Amazon India; Lloyd Mathias, Angel Investor and Business Strategist; Raja Rajan, Founder CEO, Boston
Exporters send an SOS after Budget jolt – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/exporters-send-an-sos-after-budget-jolt/article33804150.ece Moves to disallow IGST refunds, allow confiscation of goods will hurt India’s image as supplier: FIEO India’s exporters have red-flagged proposals in the
PM Modi’s 59-minute MSME loan approval: 2.23 lakh applications sanctioned by PSBs; 93% disbursed so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pm-modis-59-minute-msme-loan-approval-2-23-lakh-applications-sanctioned-by-psbs-93-disbursed-so-far/2195158/ Credit and Finance for MSMEs: MSMEs are required to share GST identification number, IT returns, six-month bank statements, and owner’s details to apply
Nine months since launch, Modi govt’s MSME grievance redressal portal Champions resolves this many cases – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nine-months-since-launch-modi-govts-msme-grievance-redressal-portal-champions-resolves-this-many-cases/2194784/ Ease of Doing Business for MSMEs: The portal allowed MSME associations, units, employees, and aspiring entrepreneurs, etc. to file complaints, share suggestions or
NPAs to be nebulous owing forbearance dispensations, restructuring schemes: CARE – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-to-be-nebulous-owing-forbearance-dispensations-restructuring-schemes-care/article33827877.ece?homepage=true Non-performing assets (NPAs) of Banks this year would tend to be a bit nebulous due to the various forbearance dispensations that have been
