“There will be initiatives on health, education in interim budget,” says Chairman of ASSOCHAM’s National council on MSME
Bizongo launches loan app Next for businesses The embedded finance will cater to the requirements of supply chain finance, business loans, capex loans, factoring and structured finance in the… By MSME DeskJanuary 9, 2024 13:57 IST
2023 downturn: Indian tech startup ecosystem closes year in red across multiple metrics Funding dropped to $8.3 billion in 2023 from $25.6 billion in 2022 while funding rounds declined to 1,133 from 2,781,… By Sandeep SoniJanuary 8, 2024 19:25 IST
India-Maldives row: CAIT urges exporters to refrain from carrying out business with Maldives CAIT National President B C Bhartia and Secretary General Praveen Khandelwal said that the offensive comments targeting Prime Minister Modi… By MSME DeskJanuary 8, 2024 18:05 IST
8 years of Startup India: How PM Modi’s pet startup initiative performed so far Under the Startup India initiative, startups need to register with the Commerce Ministry’s Department for Promotion of Industry and Internal… By MSME DeskJanuary 8, 2024 16:33 IST
Less than 50% of tech startup founders expect better funding environment in 2024: Nasscom-Zinnov report Focus on business fundamentals in 2024 is expected to grow stronger with over 60 per cent of tech startup founders… By Sandeep SoniJanuary 8, 2024 14:10 IST
Uttar Pradesh among top three states for MSMEs with 9% national share: CBRE-CREDAI report According to the official data from the MSME Ministry, 2.21 crore MSMEs are registered (excluding registrations via the Udyam Assist… By MSME DeskJanuary 8, 2024 11:45 IST
Textile mill associations urge government for financial support In an appeal to Union Finance Minister Nirmala Sitharaman on Friday, the textile mill associations said the industry is going… By PTIJanuary 7, 2024 11:13 IST
MSME Ministry 2023 report card: How key schemes performed last year; check details The year saw a number of initiatives undertaken by the government to support small businesses and enhance their ease of… By MSME DeskJanuary 5, 2024 17:16 IST
Budget 2024: De-risk MSME credit inflows, boost credit access for advanced manufacturing, says Deloitte India With respect to Goods and Services Tax (GST) related compliances for e-commerce businesses, Deloitte India sought respite for exporters and… By Sandeep SoniJanuary 5, 2024 12:55 IST
Toys to account for a significant portion in Walmart’s USD 10 bn exports target from India: Official In December 2020, Walmart committed to triple its exports of goods from India to USD 10 billion each year by… By PTIJanuary 5, 2024 11:41 IST
PE-VC funding drops 38% in 2023, lowest in 5 years: Report 2023 PE-VC deal value and volume were the lowest in five years. Between 2019 and 2023, investments peaked at $65.48… By Sandeep SoniJanuary 3, 2024 13:52 IST
Devotional platform DevDham raises Rs 6 crore seed round from Kunal Bahl’s Titan Capital, others The capital raised by the company will be deployed to expand the temple network, enhance technology infrastructure, and strengthen marketing… By MSME DeskJanuary 3, 2024 13:19 IST
Co-living startup Settl raises Rs 10 crore from Nikhil Kamath-backed Gruhas, We Founder Circle, and more The startup said it will use the fund for working capital, team expansion, and technology. The latest round takes the… By Abhishek YadavJanuary 2, 2024 15:29 IST
MSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in November Rs 23.36 lakh crore deployed during November was 14.9 per cent of Rs 155 lakh crore non-food credit deployed by… By Sandeep SoniJanuary 2, 2024 12:35 IST
Tax boost for start-ups: Wellness Co.’s Anny Paul Khorana welcomes fiscal support Acknowledging its limited scope, Anny highlights the positive aspects that could potentially impact the health and wellness sector in India… By FE News DeskUpdated: February 5, 2024 01:40 IST
When is private equity the right financing option for SMEs PE funding is an excellent financing option that has opened up for owners of mature SMEs in the last 20… By GuestDecember 31, 2023 12:35 IST
RBI’s risk weight increase to hurt MSME loans? Fearing that such a measure has the potential to sharply reduce credit flow to MSMEs and self-employed sections of the… By GuestDecember 31, 2023 11:31 IST
Banks’ MSME portfolio quality improves further as GNPAs drop below 5% in Sept: RBI report The RBI report also noted increased lending by both public and private sector banks to MSMEs in H1 despite ECLGS… By Sandeep SoniDecember 29, 2023 13:42 IST
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