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MSME Desk

cait, traders, confederation of all india traders, diwali, Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja, wedding season, praveen khandelwal
Traders clock Rs 3.75 lakh crore business this Diwali season; Rs 1 lakh crore trade loss to China: CAIT

With Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah yet to be solemnized, these festivals may attract another trade…

By MSME Desk
November 13, 2023 13:51 IST
MSME Economic Activity Index, GST sales data, SIDBI, Jocata, gstn, msme sales, msme credit, financial institutions, billdesk, gstr1, economic activity
New MSME Economic Activity Index based on GST sales data launched by SIDBI, Jocata; check details

A minimum of 13 months of sales data (GSTR1) is required to calculate the Index for a particular month and…

By MSME Desk
November 10, 2023 18:13 IST
dhanteras, diwali festive week, choti diwali, govardhan puja, bhai dooj, traders, china, cait, praveen khandelwal
Dhanteras: Rs 50 crore trade expected by traders, says CAIT

Dhanteras usually falls on the 13th day of the dark fortnight of the month of Ashwin (October or November). The word…

By MSME Desk
November 10, 2023 15:37 IST
incred, msme loans, small business lending, unicorn, startup funding, KKR, BFSI, asset management, investment banking, Investcorp, Oaks Asset Management, Moore Capital, Elevar Equity, Paragon Partners
Incred to turn unicorn with Rs 500 crore Series D funding

InCred said the capital will be deployed across its core business verticals including consumer loans, student loans, and MSME Lending.  

By MSME Desk
November 9, 2023 16:46 IST
women entrepreneurs, self help groups, women SHGs, Deen Dayal Antyodaya Yojana - National Rural Livelihood Mission, DAY-NRLM, Ministry of Rural Development, Small Industries Development Bank of India, SIDBI, standup india, udyam portal
Govt’s DAY-NRLM signs MoU with SIDBI to help women SHG members turn entrepreneurs

The partnership will focus on enhanced capacity and ability of State Rural Livelihood Missions (SRLM) teams to promote the graduation…

By MSME Desk
November 9, 2023 14:08 IST
american express, business optimism, technology, b2b spending, trendex, travel, entertainment, automation, payments, cash flow, working capital
72% Indian businesses expect surge in B2B spending in 2023, outpacing global average: Amex survey

The study highlighted that the surge in B2B spending in India is fueled by technology investments leading the way with…

By MSME Desk
November 8, 2023 12:12 IST
game, global alliance for mass entrepreneurship, fisme, msme association, delayed payments, msme compliance, ease of doing business, msme samadhaan, grievance redressal
GAME partners with FISME to address delayed payments, compliance, other growth concerns of MSMEs

From publishing landscape reports to research studies, formulating policy papers, and creating programs that help MSMEs create a base for expansion, the partnership will…

By MSME Desk
November 8, 2023 11:38 IST
OnFinance, Silverneedle ventures, IAN, AI, SaaS, Startup funding, seed funding, Financial Services
Generative AI startup OnFinance raises $1.05 million from Silverneedle Ventures and IAN

OnFinance has developed a financial Large Learning Model (LLM) called NeoGPT, that delivers AI support for research analysis, relationship management,…

By MSME Desk
November 7, 2023 17:51 IST
SKG assets, IPO, BSE SME, Bombay Stock exchange, early stage companies, niche markets, investor, investment
SKG Assets & Holdings launches SKG India Value Fund for SMEs

The fund will focus on early-stage companies with growth potential, stock prices undervaluing their growth, companies listing for IPO that…

By MSME Desk
November 3, 2023 19:14 IST
CAIT, diwali, diwali season sales, diwali season market sales forecast, diwali market sales wedding season sales figure, total weddings in December, Indian wedding season, marriage season in India, indian traders, jewellery industry, wedding industry
More than Rs 3.5 lakh crore business expected this Diwali festive season: CAIT

The traders’ body said the top contributing sectors to the festive season business would be food and grocery with 13…

By MSME Desk
November 3, 2023 16:38 IST
insurance,
Insurance broker RiskBirbal launches risk management solutions for MSMEs

The company uses artificial intelligence and Internet-of-things-based technologies along with risk management strategies to mitigate financial risks and frame solutions…

By MSME Desk
November 3, 2023 12:05 IST
Defence ministry, defence stats of India, rajnath singh, msme in defence, defence equipment manufacturing, defence manufacturers, small defence equipments, laghu udyog bharti,
75% of defence capital acquisition budget reserved for purchases from local companies to strengthen MSMEs: Rajnath Singh

Singh referred to the Innovations for Defence Excellence (iDEX) initiative, which was launched to invite new ideas in defence manufacturing…

By MSME Desk
November 3, 2023 11:20 IST
Growcoms, jsw ventures, arali ventures, b2b, spice, ecommerce, spice exports, spice production, spice farmers,
Agritech startup Growcoms raises $3.5 million from JSW Ventures, Arali Ventures, InfoEdge Ventures

The platform provides other features such as quality inspection, product development, and traceability for enabling exports. Other than spices, the…

By MSME Desk
November 2, 2023 17:40 IST
HSBC, HSBC India, Bank guarantees, e-guarantees, bank guarantee india, NESL, insolvency and bankruptcy code 2016, ibc 2016
HSBC India launches e-bank guarantee services for MSMEs, corporates to replace conventional paper-based bank guarantee

The move is aimed to digitise trade and ease guarantee issuance process digitally with the introduction of e-stamping and e-signing.…

By MSME Desk
November 2, 2023 11:48 IST
GeM, GeM portal, gem services, services, public procurement platform, Piyush goyal, small business, msmes,
Nearly 8x jump recorded in services procured by govt from MSMEs via GeM portal since Covid

Among the services procured, approximately 40,000 contracts were placed for hiring manpower services in FY23, with total contract value exceeding…

By MSME Desk
November 2, 2023 11:41 IST
Neogrowth report, neogrowth, e-commerce, retail, retailer survey, e-commerce sellers, retailer industry india, retail sector,
80% retailers don’t see e-commerce as threat: NeoGrowth survey

The study also noted that 90 per cent of retailers make more than half of their sales offline while seven…

By MSME Desk
November 1, 2023 17:11 IST
NeoGrowth, quarterly result, quarterly performance, nbfc, msme loans, neogrowth msme loans, small business loans
NeoGrowth’s AUM jumps 49%, loan disbursements up 40% in Q2 current fiscal

The loan disbursed to MSMEs and small businesses also increased by 40 per cent, reaching Rs 674 crore in the…

By MSME Desk
November 1, 2023 11:49 IST
Cedar, real estate, real estate technology, real estate softwares, latest technology in real estates, American real estate market
Real estate startup Cedar raises $3 million in seed funding led by Caffeinated Capital

Cedar utilises generative algorithms and a mix of public and proprietary data to help developers with building designs, development yield…

By MSME Desk
October 31, 2023 19:03 IST
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