SME

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, whi

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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 i

Under the scheme, eligible investors in air-conditioners, LED lights and such components will get incentives of 4-6% on incremental sales (to be calculated over the base year of 2019-20) of products manufactured in India. The total incentives of Rs 6,238 crore will be disbursed over five years.

Govt’s stimulus package for economic revival ‘inadequate’: Par panel

It has recommended that the government should immediately come out with a larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy,

Govt's stimulus package, SME, Small and medium industries, Parliamentary panel, bolstering demand, investment, exports and employment generation

Bandhoo raises USD 1.1 million funding from Unitus Ventures

The funds will primarily be used to expand the engineering team, invest in building new features and functionality, and scale up operations

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Parliamentary panel: Stimulus package for economy, MSMEs inadequate; detailed study on MSME losses must

Ease of Doing Business for MSMEs: "Most of the policies formulated are aimed at the benefit of medium and large enterprises in the country whereas the position should be contrary...The stimulus packag

. If the committee's report was favourable, then the project would be completed in three years,he added.

NSIC’s credit assistance to MSMEs for raw material procurement jumps 10% to over Rs 65 crore in FY21

Credit and Finance for MSMEs: Karnataka led the state-wise assistance under the RMA scheme in FY21 with Rs 26.81 crore provided to SC/ST entrepreneurs followed by Rs 10.90 crore for entrepreneurs in O

how to do msme udyam registration and know about its benefits and for whom this scheme

Zingbus raises Rs 44.6 crore in funding round led by Infoedge ventures

The company has also received backing from a clutch of value-adding angels like NFL fame Joe Montana, Alan Rutledge, John Jersin, Ankur Nagpal, Vinod Gupta, Ben McCan, and Harry Robertson among others

The company is targeting the USD 140 billion construction materials market with a strong focus on the infrastructure sector.

Factoring Bill gets LS nod, to bolster cash flow to MSMEs

The Factoring Regulation (Amendment) Bill, 2020, seeks to broaden the participation of entities in the factoring business, thus expanding the avenues of working capital credit to even small businesses

In India, factoring credit makes up for only 2.6% of total formal MSME loans, way below 11.2% in China. Moreover, only 10% of the total receivable market is currently covered under a formal bill discounting mechanism.

HDFC Bank launches up to Rs 10 lakh overdraft facility for shopkeepers, merchants to ease cash crunch

Credit and Finance for MSMEs: HDFC Bank will approve an overdraft limit from a minimum of Rs 50,000 to a maximum of Rs 10 lakhs.

Lok Sabha passes Factoring Regulation (Amendment) Bill; to help expedite MSME payments

Credit and Finance for MSMEs: Introduced in Lok Sabha in September last year, the bill seeks to broaden the participation of entities undertaking factoring.

Mature factoring markets, more specifically Europe, continue to dominate the factoring market, accounting for 68% of global factoring. The factoring market worldwide is projected to reach $9.2 trillion by 2025.

MSE CDP: Projects completed under cluster development programme for MSEs in FY21 lowest in 4 years

Ease of Doing Business for MSMEs: According to the government data, the total projects completed in FY21 declined to 20 from 22 in FY20, 28 in FY19, and 24 in FY18. In FY22 so far, only two projects

Honasa secures $50 mn in funding led by Sofina Ventures SA

HCPL had previously raised USD 23 million in funding, and the latest infusion has pushed the company's valuation to USD 730 million.

Mamaearth fundraise

Bizongo aims to clock $500 mn annualised revenue by FY23

The company has achieved USD 150 million in annualised revenue and is set to turn profitable soon, a statement said.

Mohalla Tech fundraise

Instrucko raises $1 million in pre-series A

“The amount raised will be utilised for business expansion across India and the Middle East, with a core focus on providing children between the ages of 3 to 15 access to the most premium content ac

“We pride ourselves on creating superior content to improve the learning pedagogy. Our mission is to equip learners with the skills needed to succeed globally. This funding will help us expand, create more content and focus on technology and AI-powered analytics.”

No plan to implement rating system for MSMEs, says MSME Minister Narayan Rane

Credit and Finance for MSMEs: Back in November 2019, former MSME Minister Nitin Gadkari had announced that the government is in the process of launching ‘Digital data-based credit ratings’ for MSM

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Draft E-commerce Rules: Traders’ body CAIT suggests changes to make proposed amendments ‘more impactful’

Ease of Doing Business for MSMEs: The Consumer Affairs Ministry had earlier this month extended the deadline for feedback from marketplaces and others in the e-commerce ecosystem to the draft rules fr

ecommerce

‘Small sellers who experienced convenience of e-commerce selling unlikely to ignore this channel ahead’

Ease of Doing Business for MSMEs: Clocking millions of app downloads in the run-up to the festival sales, consumers enjoyed faster delivery of their purchases, as sellers from small towns jumped on th

On Friday, the minister said, to further strengthen the regulatory framework for prevention of unfair trade practices in e-commerce, the government has sought suggestions on the proposed amendments to the Consumer Protection (e-Commerce) Rules, 2020.

MSME Secretary calls for evaluating damage due to Covid, govt’s response for safeguarding MSMEs

Ease of Doing Business for MSMEs: "MSMEs are there in both formal and informal sector, (hence) data regarding temporary or permanent closure of the units are not maintained by the Government of India

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Changing lanes: The low probability of start-up success – and why you should still do it!

I hope this gives a guiding framework to decide whether to go all in to pursue your dream.

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 en

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Blackbuck joins unicorn club with fresh funding of $67 million

While traditional businesses were severely impacted during the Covid-induced lockdowns, tech-driven logistics start-ups were better placed to run their operations.

Blackbuck, Blackbuck valuation

Amazon Prime Day sale 2021: Now local entrepreneurs can earn more by providing storage spaces to sellers

Ease of Doing Business for MSMEs: The programme would allow sellers “to earn a Prime badge for their listings. Sellers using MSF will benefit from this launch with access to millions of Prime member

Amazon Prime Day Sale on 26 and 27 july big discounts on smartphones and electronic devices

Restructured MSME loan accounts worth over Rs 55k crore by PSBs double in 18 months

Credit and Finance for MSMEs: To provide resolution to the Covid-19 related stress of MSMEs, the RBI had extended the facility for restructuring existing MSME loans (where the aggregate exposure of a

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PMEGP: Loan disbursements, employment generation hit all-time high in FY21 since scheme’s inception

Skill, Labour, and Talent for MSMEs: A whopping 88 per cent of micro beneficiaries under PMEGP were ‘negatively affected’ due to the Covid pandemic, according to a recent study conducted by the p

. If the committee's report was favourable, then the project would be completed in three years,he added.

Standup India: PM Modi’s scheme for women, SC/ST entrepreneurs crosses 1 lakh sanctioned loans

Credit and Finance for MSMEs: The scheme has onboarded 24,699 handholding agencies and 348 lenders connecting over 1.51 lakh bank branches.

These ministries get maximum delayed payment complaints by MSMEs; amount involved crosses Rs 350 crore

Credit and Finance for MSMEs: MSEFCs are essentially dispute settlement units established by state governments in their respective geographies to address delayed payments cases filed by MSMEs. Busines

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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.

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