MSMEs

PayPal aims to become a super app for businesses that sell globally

PayPal in India has been focusing on enabling small businesses to buy and sell globally. Moving on the idea is to have an integrated app that offers all the services a merchant would need to sell across multiple geographies.

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MSMEs using Effitrac’s no-code tools can now access digital banking platform from RazorpayX

Technology for MSMEs: As a part of the partnership, Effitrac's MSME customers will have access to the array of digital banking solutions offered by RazorpayX such as payout links, current account, book-keeping, automated TDS,

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Ecosystem for MSMEs requires complete overhaul

Ease of Doing Business for MSMEs: All lending institutions working for the MSME sector need to move to cash-flow based lending from the balance sheet approach.

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Facebook launches loans for small businesses in partnership with Indifi

Credit and Finance for MSMEs: The collateral-free loans will be in the range of Rs 5 lakh and Rs 50 lakh; charged at a pre-defined interest rate of 17%-20% per annum.

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Future of post COVID pandemic world: Investment in infrastructure, new technology will be game-changer

The world is assured to see a reset as the unprecedented public health crisis and operational disruptions caused by Covid-19 have broken the myth of ‘old normal’, the ‘new normal’ calls for accommodative policies and

Indian economy

PM Modi’s 59-min MSME loans: Marginal uptick in loans sanctioned; this many worth Rs 63k crore disbursed

Credit and Finance for MSMEs: The scheme enables term loans and working capital loans, and Mudra loans for MSMEs to purchase plant and machinery, technology upgrade, product expansion, purchase of raw materials, infrastructur

No code payment products a hit with MSMEs: Razorpay’s SMB Head

Credit and Finance for MSMEs: No code products such as payment link and payment page, which were not very relevant earlier have become way more mainstream for SMEs and in fact the payment gateway, which traditionally dominate

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Amazon Prime Day to enable small businesses bounce back and generate demand, said its MSME Director Pranav Bhasin

Ease of Doing Business for MSMEs: This year’s strategy is drawn from the success of last year’s Prime Day that saw sales from over 91,000 small businesses, including artisans, weavers and women entrepreneurs.

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Bank of Baroda, U GRO Capital to disburse Rs 1,000 crore loan to MSMEs under co-lending programme

Credit and Finance for MSMEs: Through this programme, MSMEs can raise credit from Rs 50 lakh to Rs 2.5 crore with a maximum tenure of 120 months at 8-10 per cent interest.

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UP MSME Minister: Planning to set up a micro-industry cluster in every district

Ease of Doing Business for MSMEs: Describing the initiative, Nath said each cluster will have vertical factory sheds, a bank for raw materials, a training centre for labour, and an accommodation facility.

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CPSEs dragging feet on bill discounting via TReDS despite govt directive; share remains minuscule at 7%

Credit and Finance for MSMEs: From three per cent till March 2020, bill discounting by Central Public Sector Enterprises on the three TReDS platforms increased to seven per cent amounting to Rs 2,924 crore.

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DB Schenker expands digital logistics platform Connect 4.0 to offer air freight

Logistics for MSMEs: Connect 4.0 is a digital platform that enables its customers to book air and ocean freight shipments online, get real-time price quotes, and track orders from the time of pickup to delivery.

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RSS unit Laghu Udyog Bharati to MSME Min: Bringing retailers, traders under MSMED Act distractive, destructive, inappropriate for MSMEs

Ease of Doing Business for MSMEs: Small-Scale Industry Ministry was initially formed by the then Vajpayee government in 1999 to promote manufacturing amongst the small scale industry. RSS’ Laghu Udyog Bharati said that it

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Flipkart Wholesale launched its B2B marketplace for fashion retailers in Bihar

Ease of Doing Business for MSMEs: Through Flipkart Wholesale’s online platform, fashion suppliers and artisans in the region will not have to travel to fashion hubs such as Jaipur, Kolkata, Tirupur, among others to source m

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MSME Associations worry over Gadkari’s move to include retailers and traders in MSME sector

Ease of Doing business for MSMEs: MSME associations have expressed their concern about the expansion of MSME definition fearing dilution of the sector and the benefits available to manufacturing businesses.

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MSME Minister Gadkari: Retailers and traders to be included under the MSME sector

Ease of Doing business for MSMEs: Wholesale and retail trading activities were earlier classified as MSMEs but a gazette notification dated June 2017 ousted them from the sector.

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Facebook partners with VC fund Stellaris to provide a two-day mentoring programme to SMBs

Technology for MSMEs: During the pandemic, Facebook's VC Brand Incubator program has evolved into a two-day virtual event from a one-day physical workshop.

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Walmart Vriddhi launches Covid-19 resource centre for MSMEs

Technology for MSMEs: The programme intends to help MSMEs navigate the pandemic with business advice and resources, all provided digitally.

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UK-based fintech firm Tide enters India to tap the growing SMB market, to invest Rs 1,000 crore over the next five years

Credit and Finance for MSMEs: India is Tide’s first international market where it wants to tap into the SMB market by offering them financial and administrative services.

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MSME Minister Gadkari announces integration of Udyam with CSCs, a dashboard to monitor schemes

Ease of Doing Business for MSMEs: Minister for MSME Nitin Gadkari said there is a need to focus on all-round efforts for the implementation of various initiatives undertaken as part of Aatmanirbhar Bharat.

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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.

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.

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Pre-packaged insolvency resolution under IBC for MSMEs: Challenges that may arise in implementation

The Pre-Package Insolvency Resolution Process (PPIRP) aims at revival of Micro, Small and Medium Enterprises (MSMEs) through submission of Base Resolution Plan along with the other data by the corporate applicant.

It wants liquidators to be more accountable. In fact, a little more accountability across the chain would strengthen the Code.

SME IPOs reach an all-time low with 28 listings in FY 2021

The number of SME listings in FY 2021 is comparable to that of 2012 and 2013, the early years when NSE Emerge and BSE SME were instituted.

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