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Sonal Khetarpal

Articles By Sonal Khetarpal

37 Articles

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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SMERA to launch its SME rating business in South Asian markets

The basic SME rating model will remain the same but SMERA will make certain adjustments with respect to benchmarks such as the definition of MSMEs, industry classification amongst others which are specific to each country.

SMERA, Ease of Doing Business, SMEs, MSMEs, SME Rating, Acuite Group, SMERA Ratings, Thailand, Malaysia, Bangladesh, and the Philippines, Sankar Chakraborti, SMERA Ratings and Group CEO, Acuité, Sankar Chakraborti SMERA, Sankar Chakraborti SMERA CEO, Sankar Chakraborti Acuite CEO, company rating, CRISIL, ICRA, credit rating, FITCH, bond ratings, Small Industries Development Bank of India, SIDBI, Dun & Bradstreet

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.

PayPal, ecommerce, online, online seller, SMB, MSME, SME, super app, cross border, cross border trade, cross border transactions, fin tech, digital payments, financial services, digital payment solutions, commerce, small business to sell online, sell across borders, Jim Magats PayPal, Jim Magats Payments, curating inventory, cataloguing products, clearing customs, managing returns, domestic payment, cross border transactions, Foreign Inward Remittance Advice, FIRA, FlexiLoans, collateral free loans

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,

Technology, MSMEs, SME, digital banking, RazorpayX, Razorpay, payout links, current account, Logesh Velusamy, Logesh Velusamy Effitrac, tech firm Effitrac, book-keeping, Coimbatore, cloud, cloud technology, SaaS tools, SaaS solutions, no code, low code products, no code products, fin tech, fintech Razorpay, current bank

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.

Facebook, loans, small businesses, SME, MSME, SMB, Indifi, Indifi Technologies, Credit and Finance for MSMEs, collateral-free loans, social media platform Facebook, easy access to credit, MSME credit, lending, Ajit Mohan, Facebook India, Alok Mittal Indifi, Alok Mittal

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.

Bank of Baroda, U GRO, U GRO Capital, loans, MSMEs, co lending partnership,, co lending, co lending program, co lending, co lending policy, small business lending fintech platform, micro, small and medium enterprises, MSME, SME, SMB, Shachindra Nath, Shachindra Nath U GRO Managing Director, RBI, Reserve Bank of India, RBI regulation, NBFC, credit risk, CIBIL MSME Rank, CMR, Bank of Baroda Foundation Day, Vikramaditya Singh Khichi, Vikramaditya Singh Khichi Bank of Baroda

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.

DB Schenker MSME Min, retailers, traders, MSMED Act, MSMEs, SMBs, SMEs, MSME Ministry, ease of doing business, digital logistics platform, Connect 4.0, air freight, Deutsche Bahn Group, logistics, online, shipments, ocean, freight, Vishal Sharma CEO DB Schenker, Vishal Sharma DB Schenker, Vishal Sharma

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

RSS, Laghu Udyog Bharati, MSME Min, retailers, traders, MSMED Act, distractive, destructive, inappropriate, MSMEs, SMBs, SMEs, Nitin Gadkari, MSME Ministry, ease of doing business, manufacturing, credit, Govind Lele, Govind Lele, Laghu Udyog Bharati

Paytm launches small-ticket instant loans Postpaid Mini to help users manage monthly expenses

Paytm this week, announced the launch of Postpaid Mini, a need-based and consumption-based credit for users to help them manage their household finances.

Paytm

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.

MSME Minister Gadkari, Nitin Gadkari, Retailers and traders, MSMEs, SMB, SMEs, MSME sector, MSME definition, Federation of Indian Micro, Small and Medium Enterprises, FISME, Anil Bharadwaj, Consortium of Indian Associations K E Raghunathan, Consortium of Indian Associations, K E Raghunathan B.C.Bhartia, Praveen Khandelwal, Confederation of All India Traders, CAIT, B.C.Bhartia CAIT, Praveen Khandelwal CAIT, B.C.BhartiaConfederation of All India Traders, Kumar Rajagopalan, CEO Retailers Association of India, Kumar Rajagopalan, Retailers Association of India, RAI, Kumar Rajagopalan RAI, Ease of Doing business, Vinod Kumar Wuthoo, Vinod Kumar, India SME Forum

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.

MSME Minister Gadkari, Nitin Gadkari, Retailers and traders, MSMEs, SMB, SMEs, MSME sector, MSME definition, B.C.Bhartia, Praveen Khandelwal, Confederation of All India Traders, CAIT, B.C.Bhartia CAIT, Praveen Khandelwal CAIT, B.C.BhartiaConfederation of All India Traders, Kumar Rajagopalan, CEO Retailers Association of India, Kumar Rajagopalan, Retailers Association of India, RAI, Kumar Rajagopalan RAI, Ease of Doing business

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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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

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.

SME IPOs, 28 listings, FY 2021, market performance, small and medium-sized businesses due to the pandemic, SME IPO, Pranav Haldea, Prime Database, Pranav Haldea Prime Database, NSE Emerge, BSE SME, NSE Emerge, Sunil Kumar Sinha, Sunil Kumar Sinha India Ratings, India Ratings & Research, Fitch, mid-cap and small-cap indices, mid-cap, small-cap indices, Dilip Davda, Vikas Jain, Reliance Securities, Vikas Jain Reliance Securities, SME lot holding, SEBI guidelines, SEBI, Securities and Exchange Board of India, National Sample Survey Office, IT, textiles, financial services, SME issuances

New quality standard for polyethylene will hurt domestic producers: PLEXCONCIL’s Arvind Goenka

Ease of Doing Business for MSMEs: India’s BIS has set a new standard for the domestic producers of LDPE, LLDPE and HDPE to adhere to.

Polyethylene, PLEXCONCIL Arvind Goenka, PLEXCONCIL, Arvind Goenka, MSMEs, SMBs, SMEs, Plastics Export Promotion Council, Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, government, Bureau of Indian Standards , BIS, polyethylene, low-density polyethylene, LDPE, linear low-density polyethylene, LLDPE, high-density polyethylene, HDPE, trade, import export, cheap plastic, competitiveness, Specification of Polyethylene Material for Moulding and Extrusion, petrochemicals, polymers

Mandatory hallmarking rule will disrupt the jewellery business affecting livelihood of millions, says jewellery association

Ease of Doing Business for MSMEs: Gems and jewellery industry body GJC said that only 33% of India’s districts have Assaying & Hallmarking (A&H) centres that testify the purity of the gold jewellery making implementation o

Gold Rate Today, Gold Price Today in India

Despite Gudi Padwa, jewelers hopes dim as showrooms remain shut amidst Maharashtra lockdown

Ease of Doing Business for MSMEs: With industry reports citing a stricter lockdown in the days to come, there is fear of a higher percentage of cancellations of made-to-order items that are now lying in the showrooms.

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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

TReDS platform RXIL discounts receivables worth Rs 1,000 crore in a month

Credit and Finance for MSMEs: From transactions worth Rs 69 crores in April 2020, RXIL reached a whopping Rs 1,105 crore in March 2021.

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Pre-packaged insolvency process under Indian bankruptcy code is positive but limited in its scope, feel experts

Ease of Doing Business for MSMEs: The Centre has introduced an ordinance for a pre-packaged insolvency resolution process under the IBC Code for the MSMEs that got badly hit due to the Covid-19 pandemic.

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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
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