Sonal Khetarpal

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

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.

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.

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.

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.

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.

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

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.

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: 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.

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.

Fireside Chat with Pankaj Jathar, Chief Executive Officer, Prione

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.

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.

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.

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

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.

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

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.

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.

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.

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.

Crisis time: Rs 30,000 crore corrugated box industry faces losses, many fear shutdown

Ease of Doing Business for MSMEs: Western India Corrugated Box Manufacturers Association (WICMA) estimates that 40 percent of its 25,000 members will close if immediate relief is not provided.

How Avana’s artificial ponds are helping farmers conserve water

World Water Conservation Day: Maithili Appalwar started the for-profit social enterprise Avana to create affordable solutions for farmers to improve their yield and livelihood.

Cisco plans to reach 15 lakh SMBs in the next three years, says its MD for SMBs Panish PK

Technology for MSMEs: While the focus for Cisco has always been large enterprises, it started catering to SMBs a year and a half back.

Retailers Association of India appeal to the government to be included under MSMEs

Ease of Doing Business for MSMEs: Retail Trade is not classified under Micro and Small enterprises since the year 2017.

Why Oriflame India’s MD Frederic Widell won’t go back to the office every day

Lockdown CEO Diaries: From hating work from home, Frederic Widell, VP-Head of South Asia & MD, Oriflame India has come a long way to thinking of it as an alternative work option.