Credit and Finance for MSMEs: As per the MoU, SINE would identify MSMEs and startups based on their credentials and past experience and will refer the list of such members who require financial assistance to the bank.
Ease of Doing Business for MSMEs: "The quality of MSE goods is quite good but the main reason (for MSEs' higher share in GeM's total order value) is a large number of products and services they offer that are otherwise not manufactured by big sellers."
Ease of Doing Business for MSMEs: The officials briefed the minister over how the IP process has been simplified and streamlined along with new timelines for disposal of applications and shift to digital mode to promote ease of filing and obtaining services.
Logistics for MSMEs: For smaller logistics MSMEs, continuous cash flow is integral to ensure operations are not hampered. However, they characteristically have lesser capital as opposed to their well-established counterparts.
Ease of Doing Business for MSMEs: According to a recent study by KVIC assessing the impact of the pandemic on micro units including women-led units under PMEGP, 88 per cent beneficiaries had reported a negative impact due to Covid.
Ease of Doing Business for MSMEs: The government had issued the QCO in July last year that pushed manufacturers for BIS certification for the major input material required such as like tinplate, tin-free steel, and had also imposed restrictions on various steel products like easy-open ends, peel off ends, etc.
ECLGS was announced as part of the Aatmanirbhar Bharat Package 2020 with an aim to help MSMEs/small businesses meet their operational liabilities and resume businesses in view of the distress caused by the pandemic.
Ease of Doing Business for MSMEs: Amazon said 31,230 sellers saw their highest-ever single day sales while nearly 25 per cent more sellers’ grossed sales over Rs 1 crore as compared to last year’s Prime Day.
Skill, Labour, Talent for MSMEs: Recently, a Parliamentary panel in its report on Covid impact on MSMEs had recommended the government to consider a new National Employment Policy, and a National Electronic Employment Exchange to provide employment to skilled manpower in their area of expertise.
Joby C O, CEO, Dvara KGFS, said, “The team and technology will help us to scale up our digital channel — a network of agents offering all our products with great amount of transaction convenience to customers in the close proximity of their village...”
The US-headquartered company led by co-founder and CEO Beerud Sheth that has significant business operations in India turned unicorn in April this year after Tiger Global infused $100 million into the firm at a valuation of $1.4 billion. Gupshup has raised a total of $340 million in 2021 so far.
Ease of Doing Business for MSMEs: FHRAI suggested that it should be the liability of a marketplace e-commerce entity if a seller registered with such entity fails to deliver the goods or services ordered by a consumer due to negligence, omission, etc
Credit and Finance for MSMEs: The NPA rates for MSMEs were “controlled” at 12.5 per cent for March’21 vis-a-vis 12.6 per cent for March’20 even as the rates for March’21 were higher than 12 per cent in December’20 coupled with credit downgrades.
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 dominated the space, has taken a backseat.
Ease of Doing Business for MSMEs: The government has not been aware of large companies setting up their wholly-owned MSE subsidiaries to acquire public procurement tenders. In response to a question in the Rajya Sabha in March this year on whether the government is aware of the situation, former MSME Minister Nitin Gadkari had replied, “No”.