MSME

As MSMEs struggle with capital, TReDS comes to the rescue. 44% of total bill discounting happens in one year

Credit and Finance for MSMEs: The Covid pandemic brought the realisation in organisations that they are as strong as the weakest link in their supply chain.

MSMEs, TReDS, Reserve Bank of India, Trade Receivables Discounting System, bill discounting, invoice discounting, Receivables Exchange of India, RXIL, Mynd Solution, M1xchange, Invoicemart, Axis Bank, mjunction services, Ketan Gaikwad RXIL, Sangram Singh Axis Bank, Sangram Singh, mid-sized companies, credit, working capital, financial stress, covid, pandemic, MSME sector, SME, SMB, corporates, reverse factoring, factoring, credit, bilateral funding

India SME Forum writes to GST Council seeking concessions for the MSME sector

In the letter to Union finance minister Nirmala Sitharaman, India SME Forum suggested allowing of Input Tax Credit to be converted into tradable instruments to unlock capital; and refund of inverted duty structure to be exten

Nirmala Sitharaman, India SME Forum, GST Council, MSME, input Tax Credit, Goods and Services Tax, Covid19 pandemic, Covid19, pandemic, Sushma Morthania, Director General, India SME Forum, Sushma Morthania Director General, Sushma Morthania India SME Forum, CGST Act

All India Gem and Jewellery Domestic Council requests the Maharashtra CM to allow jewellers to operate in lockdown

Ease of Doing Business for MSMEs: The national body of the gems and jewellery industry GJC has written to the Chief Minister of Maharashtra Uddhav Thackeray to allow jewellers to operate on the festive days in the month of Ap

All India Gem and Jewellery Domestic Council, GJC, Maharashtra, Mumbai, CM, jewelry, gems and jewellery, lockdown, Uddhav Thackeray, wedding season, auspicious days, Ashish Pethe, GJC, Ashish Pethe GJC, Gudi Padwa, Ugadi, Chaitra Navratri, Jhulelal Jayanti, Mesha Sankranti, Solar New Year, Puthandu, Vishu Kani, Masik Karthigai, Ambedkar Jayanti, Baisakhi, Gauri Puja, Gangaur, Pohela Boishakha

Why MSMEs are still looking for more government support?

Ease of Doing Business for MSMEs: As the new fiscal begins, MSMEs share their asks from the government to help them get their feet on the ground.

MSMEs, government support, incentives, Covid-hit MSMEs, SMBs, economy, government schemes, new fiscal, new financial year, small and medium enterprises, Covid-19 pandemic lockdown, liquidity crisis, delayed payments, default risks, supply chain disruption, labour shortage, Emergency Credit Line Guarantee Scheme, ECLGS scheme, ECLGS, Chandrakant Salunkhe, SME Chamber of India, Chandrakant Salunkhe SME Chamber of India, Anil Bhardwaj, Federation of Indian MSMEs, FISME, Anil Bhardwaj Federation of Indian MSMEs, Anil Bhardwaj FISME, trade receivables, RBI, restructuring schemes, IBC, Insolvency and Bankruptcy Code, Rajesh Khosla AGI Glaspac, Rajesh Khosla, AGI Glaspac, Milan Thakkar, Walplast, Milan Thakkar Walplast

Drip Capital partners with East West Bank for a $40 million credit facility for SMB traders

Credit and Finance for MSMEs: Drip Capital expects to reach 700-1,000 SMBs over the next two years and increase its customer base in India by 50 per cent.

Drip Capital, East West Bank, $40 million, credit facility, SMB, MSMEs, traders, trade finance, fintech, import export, small and medium-sized businesses, Pushkar Mukewar, Drip Capital, Pushkar Mukewar Drip Capital, investors, Accel Partners, Sequoia Capital, Wing VC, and Y Combinator

How Avana’s artificial ponds are helping farmers conserve water

World Water Conservation Day: Maithili Appalwar started the for-profit social enterprise Avana to create affordable solutions for farmers to improve their yield and livelihood.

Water conservation, Avana, Jalasanchay, Emmbi industries, agriculture, farmers, Maithili Appalwar, Makrand Appalwar, Maharashtra, farmers distress, artificial water ponds, ponds, farmer suicide, bad monsoon, erratic rainfall, drought, irrigation, specialty polymers, artificial water storage ponds, polymer sheets, Yash Punjabi

SME-boost with foreign trade policy: A market intelligence programme under FTP will widen the markets for SMEs

A market intelligence and network programme integrated into the FTP will widen the markets for aspiring SMEs while also strengthening existing exporters.

RoDTEP: Delay in new export subsidy scheme makes life difficult for exporters

Import, Export, Trade for MSMEs: The benefit scheme RoDTEP that was introduced to boost exports doesn’t have its basic details in place, even after two months of being operational.

exporters,

Freight costs increase over 100%, exporters lose business

Freight shipping costs have been increasing over the last few months, causing exporters to lose business from several countries.

trade

Public procurement: Modi govt’s purchases from women-owned small businesses hit record level in FY21

Ease of Doing Business for MSMEs: The share of women-owned micro and small enterprises in the government's overall purchases from MSEs stood at 0.15 per cent in FY19 and 0.32 per cent in FY20.

Budget 2021: Digitisation, job creation, youth skilling key for economic growth; may aid Atma Nirbhar Bharat

Union Budget 2021 India: The sudden momentum has made it imperative to enhance our investment in training, and skilling the youth and re-skilling the existing workforce with digital skills.

Budget 2021-22, Union Budget 2021

These tax, legal reforms in Budget 2021 may boost Indian economy as tax revenue seen at record low

Union Budget 2021 India: In addition to serious health implications for the humankind, the unrelenting crisis has left an indelible impact on economies across the world as well.

Budget 2021-22, Union Budget 2021

Budget 2021: RAI urges govt to formulate of national retail policy, allow retailers to register under MSMEs

At this juncture, all efforts are required to boost the local economy and help revive retail, saving millions of jobs. Budget 2021-22 will play a key role in this.

union budget 2021, budget 2021-22

Indian small businesses more confident than Asian peers in post-Covid recovery on back of tech adoption

Ease of Doing Business for MSMEs: Indian small businesses are relatively more confident of surviving in the post-Covid world than their other Asian counterparts.

MSMEs can now get loans for expenses before customer payments; Razorpay offers up to this much credit

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.

MSME Sampark: Naukri.com of MSME jobs sees 1200% jump in jobseekers even as employer base expands 13%

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

Delhi government to launch job portal, employers and job seekers both can register themselves, aam aadmi party

Small businesses bear maximum Covid brunt as net sales’ growth plunge this much in Q1 FY21

Ease of Doing Business for MSMEs: The assessment of small businesses was part of a performance sample of 1,666 companies which registered minus 25.3 per cent growth in net sales during Q1 FY21.

nitin gadkari, sme, msme, industry, sector, microfinance facility, economic revival

‘MSMEs’ fear in automating manufacturing not from robots but from resistance towards latter’s adoption’

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

Till now, the vision and navigation advancement of robots has been undertaken along two routes.

Modi govt says 3/4th of monthly MSME dues cleared in same month; paid this much amount during June-Aug

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

covid-19, Gen Z, Millennials, spending habits, financial habits, save, spend, shop, Tata Capital study,

Govt’s Rs 3 lakh cr credit guarantee scheme for MSMEs should also cover term loans, says U GRO’s MD

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.

nitin gadkari, sme, msme, industry, sector, microfinance facility, economic revival

Ease of doing business: All-in-one form for regulatory approvals in offing for entrepreneurs

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

Small businesses see growth back in 3-5 years after facing Covid headwinds; recovery in 3-12 months

Ease of Doing Business for MSMEs: 83 per cent of respondents reported a decline in revenues while over 70 per cent saw an overall fall in investment during Covid period.

nitin gadkari, sme, msme, industry, sector, microfinance facility, economic revival
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