Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/neogrowth-credit-launches-vendor-finance-express-for-smes/articleshow/80781609.cmsSynopsis The product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for the
Category: MSME-Startup
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
MSME registration crosses 20-lakh mark on Modi govt’s Udyam portal; nearly doubles in three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msme-registration-crosses-20-lakh-mark-on-modi-govts-udyam-portal-nearly-doubles-in-three-months/2191291/ Technology for MSMEs: Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal
Discretionary consumption coming back: Amnish Aggarwal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/discretionary-consumption-coming-back-amnish-aggarwal/articleshow/80768959.cmsSECTIONSDiscretionary consumption coming back: Amnish AggarwalLast Updated: Feb 09, 2021, 05:17 PM ISTSynopsis ‘Small and medium scale enterprises have been under pressure.’ Shift towards
‘In Q4, we are looking at growing the business, but methodically’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/in-q4-we-are-looking-at-growing-the-business-but-methodically/article33781759.ece?homepage=true ‘Credit demand has started returning as people get back to their livelihoods. Disbursement is even stronger in January. Demand is coming from across
Fewer board meetings, exemption from preparing cash flow statement, more for small companies come April 1 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-fewer-board-meetings-exemption-from-audtor-rotation-preparing-cash-flow-statement-more-for-small-companies-come-april-1/2187304/ Ease of Doing Business for MSMEs: Commerce Minister Nirmala Sitharaman in her budget speech on Monday had proposed to revise the definition of
Factoring Bill: ‘Integrate TReDS with GSTN e-invoicing portal’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/integrate-treds-with-gstn-e-invoicing-portal/article33752214.ece Standing Committee on Finance bats for data sharing The Standing Committee on Finance headed by Jayant Sinha has recommended the integration of Trade
RBI conducting independent assessment of true NPA picture: Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-conducting-independent-assessment-of-true-npa-picture-governor-shaktikanta-das/articleshow/80706147.cmsSynopsis The Economic Survey had last week called for another round of asset quality review when the Covid related forbearance is lifted. The survey
Skill India Mission target achieved, 1.07 cr trained till Jan 2021: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/skill-india-mission-target-achieved-1-07-cr-trained-till-jan-2021-govt/articleshow/80707509.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the statement tabled by skills development minister Mahendra Nath Pandey in Rajya Sabha on Friday, 36.04 lakh candidates were trained under
We are fast achieving pre-COVID-19 levels in exports: Commerce secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-are-fast-achieving-pre-covid-19-levels-in-exports-commerce-secretary/articleshow/80682095.cmsSynopsis The secretary said measures like production-linked incentive scheme would expand the manufacturing base and that will take exports to the true potential. New
‘MSMEs’ flawed belief of being too small to be attacked is root cause for ignorance of cyber security’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-msmes-flawed-belief-of-being-too-small-to-be-attacked-is-root-cause-for-ignorance-of-cyber-security/2187848/ Technology for MSMEs: Attackers realize that with large scale technology adoption in the SME sector, the focus and awareness on security hasn’t reached
Key takeaways from the budget for businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/key-takeaways-from-the-budget-for-small-businesses/articleshow/80666227.cmsSynopsis The government proposes to strengthen the NCLT framework, implement the e-courts system and alternate methods of debt resolution and special framework for MSMEs.
FM doubles budgetary allocation for MSMEs, but one scheme gets the king’s share – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-doubles-budgetary-allocation-for-msmes-but-one-scheme-gets-the-kings-share/articleshow/80680785.cmsSynopsis The Union Budget 2021-22 has earmarked an allocation of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises — more
Measures for MSMEs, startups growth-oriented but businesses want more–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-measures-for-msmes-startups-growth-oriented-but-businesses-want-more/story/429998.html Whilst the government’s proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth
Millions of defaults threaten microfinance’s future in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/millions-of-defaults-threaten-microfinances-future-in-india/articleshow/80682643.cmsSynopsis Borrowers around the world have been hit hard but perhaps nowhere more so than in India. It’s the global leader in microfinance, the
Wanted, visionary entrepreneurs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/wanted-visionary-entrepreneurs/article33742560.ece In a free market system, the private sector has to get into the driver’s seat and step on the gas – Feodora Chiosea
Few mid, emerging corporates opt for RBI’s one-time restructuring: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/few-mid-emerging-corporates-opt-for-rbis-one-time-restructuring-report/articleshow/80669035.cmsSynopsis India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had
Flipkart Wholesale strengthens commitment to MSMEs with infrastructure boost–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/flipkart-wholesale-strengthens-commitment-to-msmes-with-infrastructure-boost/articleshow/80669538.cmsSynopsis Flipkart Wholesale customers will have access to an easy credit facility to manage cash flow, a range of Flipkart assured quality products, simple
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