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MSME Desk

dbs bank, Infor Nexus, supply chain finance, trade finance, invoice discounting, invoice finance, msme invoince discounting, pre-shipment finance, post-shipment finance, cash flow, purchase order, working capital, sme suppliers
DBS Bank, Infor Nexus launch pre-shipment financing solution for SME suppliers

The trade financing solution is extended to SMEs primarily in the apparel, footwear and textile industries, which are major growth sectors…

By MSME Desk
August 19, 2023 00:30 IST
psb loans, 59 minute loan approval, sidbi, banks, borrowers, msme loans, small business loans, msme dashboard
PSB Loans in 59 Minutes: Rs 68,636 crore loans disbursed to MSMEs till August 1

The time taken for loan disbursement depends on the information and documentation provided by the borrower on the portal and…

By MSME Desk
August 18, 2023 11:50 IST
startup news, startup funding, incubation for startups, pre-seed funding, seed funding, early stage startup funding, small business, msme news, startup funding news, AI, Industry 5.0, tech startup, hardik pandya, hardik pandya startup investment, hardik pandya net worth
Cricketer Hardik Pandya, angel investors put $550k in kids footwear startup Aretto

Aretto holds a utility patent from the Indian Patent Office for its sole technology that allows Aretto shoes to expand…

By MSME Desk
August 18, 2023 11:28 IST
venture capital, startups, homegrown startups, VC funding, capital, funding value, investment, deal volume, investor sentiments, GlobalData
Axis Bank goes live on RBI’s Public Tech Platform for Frictionless Credit to offer MSME loans, Kisan Credit Card

Axis Bank said that it will expand the scale of existing products and launch new products through self-service and assisted…

By MSME Desk
August 17, 2023 16:33 IST
neogrowth, women msmes, digital lending msme loans, fy23 loans, arun nayyar, small business loans
Rs 430 cr loans to 2,600 women-owned MSMEs disbursed in FY23 by MSME lender NeoGrowth

Overall, Rs 1,900 crore loans were disbursed by NeoGrowth in the financial year 2022-23

By MSME Desk
August 17, 2023 11:58 IST
msme news, startups, drone technology india, drone delivery india, startups, tech startups, indian tech, Indian unicorns
Shiprocket and Skye Air partner to provide drone delivery services for their merchants

The company states that drone delivery will facilitate same-day delivery and next-day delivery and make the delivery process eco-friendly and…

By MSME Desk
August 17, 2023 11:55 IST
rbi, reserve bank of india, bank credit, scheduled commercial banks, scb, msme, infrastructure, loans, Public Tech Platform for Frictionless Credit, kcc, kisan credit card, reserve bank innovation hub, face, digital credit delivery, open APIs, open architecture, frictionless credit delivery
RBI’s pilot project for frictionless MSME, Home and other loans to commence today; check details

According to RBI, it will be an end-to-end digital platform with an open architecture and open APIs and standards for…

By MSME Desk
August 17, 2023 11:30 IST
technology development fund, TDF schene, defence ministry, msmes in defence, ajay bhatt, defence ministry, sidbi, siat, drdo, srijan portal
Defence Ministry: 41 MSMEs, 20 startups supported under Technology Development Fund scheme

Launched in 2016 and executed by the Defence Research and Development Organisation (DRDO) under Make in India programme, the government…

By MSME Desk
August 17, 2023 08:00 IST
cait, confederation of all india traders, traders and wholesalers, retailers, chinese goods ban, chinese imports, festive season sales, diwali sale, made in india goods, ban on chinese products, praveen khandelwal
Chinese goods boycott to cost China Rs 1 lakh crore this festive season: CAIT

The festive season beginning from Raksha Bandhan till Diwali is expected to see around Rs 3 lakh crore business for…

By MSME Desk
August 17, 2023 00:30 IST
startup news, startup funding, incubation for startups, pre-seed funding, seed funding, early stage startup funding, small business, msme news, startup funding news, AI, Industry 5.0, tech startup
Public sector lender Indian Bank sets up 10 startup cells for dedicated banking services

The cells will cater to a number of dedicated banking products and services designed for startups according to their specialised…

By MSME Desk
August 16, 2023 17:57 IST
pm vishwakarma scheme, artisans, craftsmen, cabinet, msme ministry, budget, nirmala sitharaman, vishwakarma jayani, carpenter, boat maker, armourer, blacksmith, hammer and tool kit maker, locksmith, goldsmith, potter, sculptor
Cabinet okays Rs 13,000-crore PM Vishwakarma scheme to support artisans, craftspeople; check details

The scheme will offer artisans and craftspeople recognition through PM Vishwakarma certificate and ID card, credit support up to Rs 1…

By MSME Desk
August 16, 2023 17:32 IST
vishwakarma yojana, pm modi, narendra modi, independence day, budget 2023, nirmala sitharaman, artisans, weavers, handicraft
PM Vishwakarma Yojana for artisans to be launched on Vishwakarma Jayanti in September

The scheme was announced in this year’s budget for traditional artisans and craftspeople to enable them to improve the quality,…

By MSME Desk
August 16, 2023 13:11 IST
msme news, business news, north east india news, assam news, mizoram news, manipur news, weavers, artisans, small business news, digital india, digitalisation, artificial intelligence india
Fintech Tide, NEHHDC to support 2.1M handloom weavers, 3.5M handicraft artisans in Northeast

Tide will help with the financial inclusion of the weavers and artisans from the region, and provide masterclasses on topics…

By MSME Desk
August 16, 2023 11:57 IST
sidbi, transunion cibil, msme loans, micro enterprises, micro loans, msmes in india, small business loans
India’s MSME base to grow to 7.50 crore units from 6.30 crore: Report

Of the 7.5 crore MSMEs, around 5 crore are expected to be new-to-credit (NTC) entities and lenders can tap into…

By MSME Desk
August 16, 2023 11:47 IST
Minister of Law and Justice Arjun Ram Meghwal, litigation cost for MSMEs, supreme court, high court, mediation bill, lok sabha, rajya sabha, fisme, delayed payments, msme facilitation councils
Law minister: Will push for dispute resolution via Mediation centres to reduce MSME litigation cost

“Government is seized of the concerns of MSMEs about lengthy and costly litigation and we shall push for resolution of…

By MSME Desk
August 12, 2023 12:09 IST
msme, flipkart, artisans, weavers, Narayan rane, small business e-commerce, e-commerce, piyush goyal, small business, business news india, e-commerce laws, e-commerce policy, foreign e-commerce companies, indian traders, india, india news
Flipkart’s Samarth initiative for artisans sees 300% growth in seller base: Company

Flipkart Samarth aims to contribute to the socioeconomic development of the communities by focusing on small businesses, women, the differently-abled,…

By MSME Desk
August 12, 2023 09:31 IST
champions portal, champions 2.0, bhanu pratap singh verma, msme grievances, msme complaints, narayan rane
How successful is govt’s MSME grievance redressal portal Champions? Check details

The highest number of grievances in the current year were received from Maharashtra (1,417), Tamil Nadu (757), Uttar Pradesh (664),…

By MSME Desk
August 11, 2023 13:00 IST
delayed payments, msme dues, small business dues, msme delayed payments, bhanu pratap singh verma, monsoon session, mse facilitation councils, samdhaan portal, treds, budget 2023
MSME dues: 7 steps taken by govt to prevent delay in payments, highlights MoS MSME Ministry

While multiple measures have been undertaken by the government to address this issue, a large number of grievances have not…

By MSME Desk
August 11, 2023 12:31 IST
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