SME
PM Modi’s 59-min MSME loans: Marginal uptick in loans sanctioned; this many worth Rs 63k crore disbursed
Credit and Finance for MSMEs: The scheme enables term loans and working capital loans, and Mudra loans for MSMEs to purchase plant and machinery, technology upgrade, product expansion, purchase of raw materials, infrastructure development, etc.
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Medical device certification scheme ICMED Plus redundant for SMEs, will hurt ease of doing business: MTal
Ease of Doing Business for MSMEs: Launched in June this year, ICMED Plus was the first scheme in the world wherein the QMS along with product certification standards are integrated with regulatory req
Mudra Yojana: PM Modi’s micro credit scheme sanctioned majority loans to women entrepreneurs in six years
Credit and Finance for MSMEs: The government has targetted Rs 3 lakh crore loan sanction under the Mudra scheme for FY22, down from Rs 3.21 lakh crore sanctioned in FY21, and Rs 3.37 lakh crore sancti
Logistics tech startup Pickrr raises USD 12 mn in funding round led by IIFL, Amicus Capital
Pickrr's solutions will be able to help SMBs including retailers, marketplace sellers and D2C (direct-to-consumer) brands, to improve their delivery performance and inventory management, the statement
BSE aims at 60 SME listings in 2021-22
The criteria of track record of profit had been reduced to one year infusing momentum that would lead to a jump of 50 per cent in listing on the platform, BSE head SME platform Ajay Thakur said.
BSE-listed MSME lender U GRO Capital to list on NSE; eyes Rs 20,000 crore AUM in five years
Credit and Finance for MSMEs: U GRO Capital has so far raised around Rs 920 crore from multiple institutional investors including private equity funds and family offices.
Infibeam Avenues plans AI-based lending for its 3 million merchants through tie-ups with banks, NBFCs
Credit and Finance for MSMEs: "We intend to do lending as an enabler by offering credit algorithm, credit platform, frameworks, and merchant database,” Infibeam said announcing its Q1 FY22 consolida
Agritech start-up Arya partners with SBM Bank India for commodity financing
Through this collaboration, SBM Bank India said it is expanding presence to cater to agri-traders and agri-entrepreneurs across the country and offering them customised solutions to help them grow.
GeM accounts for only 5% of govt buying; helped save Rs 10,000 cr in procurement costs, says Comm Secy
Ease of Doing Business for MSMEs: Subrahmanyam also suggested expanding GeM to state-level procedures or preferences in order to expand its footprint and help MSMEs more. He also urged GeM to explore
SIDBI announces new fund, business development services programme to boost MSME cluster development
Ease of Doing Business for MSMEs: The bank said it is working on both interventions viz., hard infrastructure (physical infrastructure) and soft infrastructure (training, skilling, marketing, technolo
SFURTI scheme: 433 clusters approved so far; annual clusters commissioned jump 5.5x in FY21
Ease of Doing Business for MSMEs: Overall, the number of approved clusters increased from 30 in FY16 to 68 in FY19 while the number of clusters inaugurated or commission grew from one in FY16 to 14 in
MSMEs in machine tools manufacturing impacted due to increase in raw material costs, says IMTMA
Credit and Finance for MSMEs: The machine tools market has been among the worst-hit sectors due to a significant impact on the auto industry that had plummeted to zero sales in April 2020 due to the n
Fund Raise — EasyAspataal: A one-stop solution for your hospital needs
Fresh funds raised to help healthtech startup EasyAspataal strengthen its technology framework and increase sales and marketing efforts
Recko: Solving the age-old problem of financial reconciliation
An AI-based fintech startup, Recko’s clients include Grofers, Meesho, Dunzo, Pharmeasy, Curefit, Udaan, MPL, Khatabook
Traders’ body to all Chief Ministers: ‘Considerable avoidance’ of GST by e-commerce firms, need probe
Ease of Doing Business for MSMEs: The association had levelled allegations against Amazon and Flipkart for undertaking unethical business practices such as deep discounting, flouting FDI rules, prefer
Udyam Registration: Service sector MSMEs lead registration count in first year of Modi govt’s new portal
Ease of Doing Business for MSMEs: The digital portal is a self-declaration paperless and free-of-cost platform for MSMEs to register their businesses without any documents or proof except the Aadhaar
Revision of MSME definition in midst of Covid pandemic: Investment and employment implications
Ease of Doing Business for MSMEs: In general, periodic definition revision of MSMEs is justified on the following three grounds: to take account of inflation, to facilitate technology up-gradation an
Flipkart expands outreach to get more small businesses sell online; partners with IIM Sambalpur
Ease of Doing Business for MSMEs:: Flipkart also works closely with the Indian Institute of Science (IISC), IIT (Kharagpur, Bombay, and Kanpur), IIM (Ahmedabad and Kolkata), and a few foreign universi
Handloom industry epitomizes collaboration, cooperation and inclusiveness: KVIC Chairman
A cursory look at the fact files is enough to give an idea of the sheer size of the Indian handloom sector and its contribution in the rural economy.
HANDLOOMS – Part of our Past, or Hope for the Future?
Handlooms are the warp and weft of India - our culture and aesthetics are rooted in its threads. Each fabric tells a story; the raw material, motif and design rooted in the landscape and community.
Jobs created through KVIC programmes jump nearly 4% in FY21; 97% jobs generated by village industries
Skill, Labour, Talent for MSMEs: Out of 1.58 crore jobs in FY21, nearly 97 per cent jobs – 1.53 crore were generated/sustained by village industries while remaining 4.97 lakh jobs were created/susta
Why govt’s Rs 20,000 cr Subordinate Debt scheme for MSMEs failed to find many takers? IBA chief explains
Credit and Finance for MSMEs: Under CGSSD, the promoter was required to bring in 10 per cent of the subordinate debt amount as collateral.
Open Network for Digital Commerce to boost e-commerce adoption among small firms currently offline: Govt
Technology for MSMEs: The government had last month constituted a nine-member advisory council for ONDC including Nandan Nilekani, Non-executive Chairman, Infosys; Adil Zainulbhai, Chairman, QCI and C
Valued at $2.85 billion, Bharat Pe raises fresh $370 million in funding led by Tiger Global
The round also saw Dragoneer Investment Group and Steadfast Capital joining the firm’s captable.
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Top News
- Parliament is “temple of country’s democracy” to debate & decide issues of people’s well-being: President Kovind in address to the nation on eve of Independence Day
- 2021 Mahindra XUV700 India Launch: Safari challenger priced at Rs 11.99 lakh
- Corona LIVE: Karnataka to open schools for classes 9-12 in districts with under 2% positivity rate; Maharashtra reports 5,787 new cases
- Stage set for 75th Independence Day celebrations at the Red Fort
- EXCLUSIVE: Shift to hybrid model a strategic business opportunity for every organisation, says Microsoft
- Afghanistan Crisis Live: Taliban clearly trying to get Kabul isolated, says Pentagon spokesman; More US Marines arrive in Afghan capital
- Challenges for Theatre Commands
- UP Election 2022: Retired IPS officer Amitabh Thakur announces to fight poll against CM Yogi Adityanath
- Xiaomi prematurely confirms the Redmi 10, and it looks very promising
- 5 things to remember while investing in mutual funds when markets are high
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