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
Category: SME
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
Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/fuelled-by-exports-leather-units-to-turn-the-corner-crisil-sme-tracker-121022300723_1.html Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations. Leather exports plummeted in the first quarter following lockdowns
Upskilling has become a priority for SMEs in 2021: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/upskilling-has-become-a-priority-for-smes-in-2021-report/articleshow/81172793.cmsSynopsis The pandemic brought in some unprecedented changes that impacted several industries across the economy, the MSME sector being one of the worst hit.
Efforts on to make 5,000 MSME clusters under SFURTI scheme: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/efforts-on-to-make-5000-msme-clusters-under-sfurti-scheme-nitin-gadkari/articleshow/81164649.cmsSynopsis SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common
MSME: Banks, NBFCs or maybe fintechs. Who is in a better position to plug the $240 billion credit gap for MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/banks-nbfcs-or-maybe-fintechs-who-is-in-a-better-position-to-plug-the-240-billion-credit-gap-for-msmes/articleshow/81164753.cms SynopsisWith technology transforming the lending landscape, are traditional lenders losing sheen and who’s best placed to lend to SMEs? For 65 million Indian
Domestic fintech lenders gain business as Google cleans up China-backed apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/domestic-fintech-lenders-gain-business-as-google-cleans-up-china-backed-apps/articleshow/81156156.cms SynopsisMost domestic fintech lenders that ET spoke with said that their business rose 20-40% month-on-month since December, when the crackdown started. Recently, Google
New scheme for service exports with max sops for MSMEs proposed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/new-scheme-for-service-exports-with-max-sops-for-msmes-proposed/articleshow/81149883.cmsSynopsis The scheme is touted as a replacement for the Service Export from India Scheme and is on the same lines as Remission of
Too much prudence with bad loans is bad–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/too-much-prudence-with-bad-loans-is-bad/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The reported proposal for banks to sell only
SMEs feel the heat as copper prices hit the roof – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/smes-feel-the-heat-as-copper-prices-hit-the-roof/article33888264.ece?homepage=true The sharp spike in the benchmark LME (London Metal Exchange) copper prices to $8,806 a tonne from $7,755 from start of this month
Why India needs a Bharat Fund beyond the existing VC ecosystem – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-india-needs-a-bharat-fund-beyond-the-existing-vc-ecosystem/articleshow/81121994.cmsSynopsis MSMEs play a pivotal role in bolstering the economy and, therefore, need to be carefully nurtured with policies and regulations which will help
MSME credit up on Govt guarantee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-credit-up-on-govt-guarantee/articleshow/81102724.cmsSynopsis The highest year-on-year growth of 9% was seen in the category of small businesses with a loan exposure of between Rs 10 lakh