Credit and Finance for MSMEs: The digital lending market size in India was around $75 billion in FY18 and is likely to grow to $350 billion by FY23 out of which around $100 billion is expected to be lent to MSMEs.
Skilling, Labour, Talent for MSMEs: MSME Sampark, which was launched in June 2018 by President Ram Nath Kovind to bridge talent gap for small businesses by employing trainees and students from 18 MSME Technology Centres in In
Technology for MSMEs: While most people think of automation in terms of a completely human-free experience, the more realistic solution in the case of MSMEs is the use of cobots, a new kind of collaborative robotic system tha
Credit and Finance for MSMEs: While the Finance Minister Nirmala Sitharaman had asked government entities in May to clear MSME dues within 45 days, the Department of Expenditure had issued an Office Memorandum in July asking
Credit and Finance for MSMEs: The first half of FY2021 is likely to see reduced disbursements by NBFCs that are also staring at the reality of degraded asset quality and to a significant extent, affected collections.
Ease of Doing Business for MSMEs: The government had in February this year notified SPICe+ to offer 10 services including incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO registration, ESIC registration, Profes
Credit and Finance for MSMEs: State Bank of India continued to be the leading lender to MSMEs under the ECLGS. The bank has disbursed Rs 17,599 crore in 2,99,375 MSME accounts as of August 24, 2020, followed by Rs 7,621 crore
Credit and Finance for MSMEs: The promoters of distressed MSMEs would be eligible to raise credit equivalent to 15 per cent of their stake (equity plus debt) in the business or Rs 75 lakh whichever is lower.
Ease of Doing Business for MSMEs: Majority employment in the MSME sector has been in trade activities with 35 per cent (3.87 crores) share of jobs followed by 33 per cent (3.62 crores) in services and 32 per cent (3.6 crores)
Credit and Finance for MSMEs: It is evident that the benefits of becoming a part of a robust digital payment ecosystem are recognized by MSMEs. From that perspective, Covid-19 is simply accelerating a shift to digital payment
Credit and Finance for MSMEs: MSEs in the services sector witnessed a sharp growth in credit deployment from banks. From 4 per cent year-on-year growth in May 2020, June saw 11.9 per cent growth from the year-ago period.
Credit and Finance for MSMEs: State Bank of India remained the biggest lender disbursing over Rs 16.5k crore as of August 12 followed by nearly Rs 7k crore disbursed by Punjab National Bank, Rs 6.5k crore by Canara Bank, Rs 5
Credit and Finance for MSMEs: Since October 2017, when the delayed payments monitoring portal MSME Samadhaan was launched, the number of cases settled has remained low at 22.3 per cent. Out of 16,196 cases filed in MSE Facili
Ease of Doing Business for MSMEs: More than 60 per cent of the 65 million MSMEs have some family members working either directly and indirectly and in over one-third of the cases, the owners are dissatisfied with their perfor
Credit and Finance for MSMEs: The number of MSEs benefitting from the procurement was 11,459. This included 332 SC/ST entrepreneurs-led MSEs that sold goods and services worth Rs 122.68 crore in FY21 so far with a share of 0.
Ease of Doing Business for MSMEs: "There is not much for banks to worry about MSME accounts turning into NPAs because firstly only ‘Standard Accounts’ have been made eligible for such additional credit line and secondly t
Credit and Finance for MSMEs: Wiserfunding is planning to tie-up with three-four banks and around eight to 10 non-banking financial companies (NBFC) and cover 8.5 million SMEs in India through its AI-backed models by the end