Sme

Farm Fresh: Bridging the gap between farm and table

Agri-tech startup Farmers Family raises funding from promoters of Safex Chemicals; signs MoU with IIM Lucknow-Enterprise Incubation Centre

upGrad acquires edtech company KnowledgeHut

With the acquisition of KnowledgeHut, upGrad is venturing into the short duration upskilling and reskilling segment which has a market potential of over USD 58 billion, a statement said.

National SC-ST Hub: 50% jump in funds released for SC-ST entrepreneurs to boost entrepreneurship in FY21

Credit and Finance for MSMEs: The government had set up 15 National SC/ST Hub Offices (NSSHOs) across the country for mentoring and handholding SC/ST entrepreneurs.

Indian Bank partners with IIT Bombay to offer up to Rs 50 crore working capital loans to MSMEs, startups

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.

GeM CEO: We are 3rd biggest public procurement marketplace in GMV globally right now | Interview

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."

GreenSat: Using satellite data to help farmers

This startup has partnered with a host of observatories to procure accurate data for precision farming

4x jump in patent, trademark registrations in 5 years; ‘special care’ to MSME, startup applications: CGPDT

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.

“Shared logistics can help put MSMEs on recovery path with infra, operational support from large firms”

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.

Govt doesn’t have data on lockdown-hit women-led units reporting decrease in sales revenue: Narayan Rane

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.

MSMEs in metal packaging ‘directionless’ due to govt’s silence over implementation of BIS order: MCMA

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.

One crore MSME borrowers given Rs 1.65 lakh cr support under ECLGS

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.

Prime Day 2021 biggest ever sale event for SMB sellers in India, says Amazon

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.

MSME jobs: More small businesses likely to hire people during Q2FY22 amid Covid relaxations

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.

Fintech startup Slice raises Rs 75.5 crore in debt funding

This fundraiser is a testament to the strength and success of Slice's products at scale, the company's strong fundamentals, and its high-value potential, Bajaj said.

Dvara KGFS acquires TransactNow

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...”

Gupshup raises fresh $240 million within four months of it entering unicorn club

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.

Draft e-commerce rules: Hospitality body FHRAI suggests OTAs, FSAs, others to be defined as marketplaces

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

Covid 2.0 relaxations lead to sharp bounce back in credit demand by MSMEs, says report

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.

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 dominated the space, has taken a backseat.

Large corporates setting up small subsidiaries to get public procurement tenders, will hurt MSEs: Experts

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”.

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