Exclusive: Govt looking at making provisions on GeM portal to boost procurement from SC/ST MSMEs

Ease of Doing Business for MSMEs: The annual procurement targets of 4 per cent from SC/ST units and 3 per cent from women entrepreneurs have never been met by the government buyers so far. In fact, the annual procurement from

Currently there are 1103 most used e-commerce apps in India

Restructuring likely to be highest for MSMEs, would lead to 18% jump in stressed assets this FY: Crisil

Credit and Finance for MSMEs: In order to alleviate Covid stress among MSMEs, the Reserve Bank of India (RBI) in June this year had expanded the scope of restructuring facility for existing MSME loans from Rs 25 crore earlier

Flipkart Wholesale: 70% e-commerce adoption by kiranas during Big Billion Days vis-a-vis year-ago sale

Ease of Doing Business for MSMEs: The general merchandise saw a 124 per cent growth in purchases, followed by a 50 per cent jump in grocery purchases and a 24 per cent increase in the fashion category on Flipkart Wholesale du

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How international factoring licenses to fintechs are likely to ease MSME liquidity issues, boost exports

Credit and Finance for MSMEs: KredX, Vayana Network, M1xchange, and RXIL were recently issued licenses by Gujarat's Gift city-based IFSCA to offer international trade financing to exporters and importers.


Why Covid-hit MSME sector is prophesied to boost economy towards $5 trillion goal by FY25

Ease of Doing Business for MSMEs: Indian SMEs account for 80 per cent of the country’s enterprises, creating over 8,000 different value-added products, and productivity in the sector attracts a lot of FDIs.

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In over 12 months, SIDBI’s 59-min MSME loan scheme logged this much growth in loans sanctioned

Credit and Finance for MSMEs: Loans disbursed grew 11 per cent from 1,96,473 loan applications involving Rs 54,545 crores as of August 31, 2020, to 2,18,977 applications involving Rs 64,067 crores as of September 30, 2021.

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FDI in telecom: Would MSMEs benefit from Modi govt’s move to provide relief to telcos?

Ease of Doing Business for MSMEs: In order to enhance domestic manufacturing, investments and export in the telecom and networking equipment, the Department of Telecommunications (DoT) in February this year had notified Rs 12

The rules will not apply to telecom operators, who are currently going through the liquidation process.

Covid-hit NBFCs want govt to reinstate CGTMSE guarantee cover to 75% for more MSME lending

Credit and Finance for MSMEs: CGTMSE was jointly set up by MSME Ministry and SIDBI in 2000 to catalyse the flow of institutional credit to MSEs. 8.36 lakh guarantees were approved for an amount of Rs 36,954 crore in FY21 unde

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Banks deployed only 1.1% more credit to micro, small businesses in August vis-a-vis year-ago

MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August improved to 10.19 per cent from 10.07 per cent in July and 9.55 per cent in June after witnessin

"Credit Guarantee for MFIs fully utilised within 75 days. Rs 7500 cr sanctioned to #MFIs under #CGSMFI for onlending to small borrowers. Big boost to consumption and livelihoods," the ministry said in a tweet.

Modi govt’s MSME job portal: Only 54 vacancies currently for 4.73 lakh job seekers

Skill, Labour, Talent for MSMEs: The number of jobseekers was up by only 1.49 per cent from 4.66 lakh as of September 7, 2020, while the recruiter count grew by 8.5 per cent from 5,723.

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Axis Bank-backed TReDS platform Invoicemart clocks its highest monthly throughput at Rs 1,000 crore in August

Credit and Finance for MSMEs: Of the total bill discounting done to date worth Rs 16,000 crore, TReDS platform Invoicemart clocked a monthly throughput of Rs 1,000 crore in August 2021.

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Covid horror: Thousands of micro, small businesses in India are on sale right now

Ease of Doing Business for MSMEs: The reasons for sale spanned across issues related to credit, supply chain, apart from relocation, new business launch, competition, lack of customers, and more.

August retail sales touch 88% of pre-pandemic level: Survey

Crisis for MSMEs in travel: This emergency step required from Modi govt is need of the hour, say experts

Ease of Doing Business for MSMEs: Currently, India's bilateral air bubble arrangement with 28 countries, aimed at restarting commercial flight services, is underway. Under the agreement, the two countries perceive each other

How street vendors were crushed post Covid as India Inc.’s employees switched to work from home

Ease of Doing Business for MSME: The government had last June launched the PM SVANidhi scheme to offer working capital loan of up to Rs 10,000 for 12 months under the Atmanirbhar Bharat initiative to Covid-hit street vendors

POS player for SMEs Mswipe eyes 3X growth in merchant count by 2024 target of acquiring NBFC license

Ease of Doing Business for MSMEs: "There are banks that are consumer-focused, or large enterprise-focused but no bank largely focuses on SMEs at this point in time," said Manish Patel, Founder, Mswipe.

POS devices are fast evolving and coming to some exciting everyday uses, and helping merchants manage their store operations efficiently.

Bank lending to small businesses sees positive growth in July; share in gross bank credit improves

Credit and Finance for MSMEs: From 12.11 per cent in December 2020, MSEs’ share in gross bank credit had contracted to 12.09 per cent in January 2021, 11.8 per cent in February, 11.3 per cent in March, 9.7 per cent in April

Small Industry Day: Why it is observed, history, and how it differs from MSME Day; All you need to know

Ease of Doing Business for MSMEs: The sector employs 11.10 crore people as per the 73rd Round of NSS Report on unincorporated non-agricultural enterprises during the period July 2015 to June 2016.

Under the scheme, eligible investors in air-conditioners, LED lights and such components will get incentives of 4-6% on incremental sales (to be calculated over the base year of 2019-20) of products manufactured in India. The total incentives of Rs 6,238 crore will be disbursed over five years.

MSE credit growth remains in red for third straight month in June; share in gross bank credit up

Credit and Finance for MSMEs: Bank credit to medium enterprises reported a 63.2 per cent YoY growth to Rs 1.88 lakh crore in June 2021 from Rs 1.15 lakh crore in June 2020.

Mature factoring markets, more specifically Europe, continue to dominate the factoring market, accounting for 68% of global factoring. The factoring market worldwide is projected to reach $9.2 trillion by 2025.

Mudra Yojana: PM Modi’s micro credit scheme sanctioned majority loans to women entrepreneurs in six years

Credit and Finance for MSMEs: The government has targetted Rs 3 lakh crore loan sanction under the Mudra scheme for FY22, down from Rs 3.21 lakh crore sanctioned in FY21, and Rs 3.37 lakh crore sanctioned in FY20.


RBI monitoring stress in retail, MSME segments: Deputy governor MK Jain

The deputy governor pointed out that in the past, the central bank had advised all regulated entities to improve their provisions in the wake of Covid, and banks have heeded that call.

On comparing the results of banks from the pre-Covid days with their numbers in March 2021, one can see an improvement in all the parameters with regard to the capital adequacy ratio, Jain said.

FIEO partners with Aramex India to support MSME exporters in India

The partnership would help MSMEs capture global market opportunities by providing access to cost-efficient, seamless and reliable logistics solutions, said Percy Avari, General Manager of Aramex India.

GAME partners with SIDBI to help MSMEs revive biz amid pandemic

The two organisations will also collaborate on online and offline campaigns to align with Mission Swavalamban and Mass Entrepreneurship developmental projects of SIDBI, the statement said.

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