SME

Covid impact? Nearly 12,000 vendors, traders, other businessespersons committed suicide in 2020: NCRB

Sustainability for MSMEs: The majority of suicides committed by persons engaged in business activities were reported by Karnataka (15.1 per cent), Maharashtra (13.7 per cent) Tamil Nadu (12.4 per cent

Fund Raise: Smart tech in the dairy sector

Dairy tech startup Stellapps completes first close of pre-Series C round to digitalise the Indian dairy sector

Ranjith Mukundan, CEO of Stellapps

PMEGP: Over 36,000 new enterprises set up in FY22 so far with employment to nearly 3 lakh people

Credit and Finance for MSMEs: As per a study done by KVIC earlier this year, 88 per cent of micro beneficiaries under PMEGP were ‘negatively affected’ due to the Covid pandemic.

Rs 1.25 lakh cr Diwali sale strong reply to those who said ecomm will soon overtake retail trade: CAIT

Ease of Doing Business for MSMEs: CAIT has been alleging unfair business practices by Flipkart and Amazon such as preferential treatment to sellers, deep discounting, and more, creating an uneven play

‘Investing in ‘greening’ of MSMEs should be of high priority for India to meet sustainability goals’

Sustainability for MSMEs: One major drawback MSMEs face is the implementation of energy efficiency norms owing to unfavourable economies of scale. They also have to tackle obsolete technology, dispari

How ongoing festive season is likely to light up hopes and sales for artisans making handicrafts

Ease of Doing Business for MSMEs: Opening up of offline markets, government push to promote local products, and consumers returning to shop variety of handmade products is helping handicrafts sector g

SIDBI’s 59-min loan scheme for MSMEs: 80% of sanctioned amount disbursed in 2.19 lakh loans till Nov 1

Credit and Finance for MSMEs: According to the scheme, the loan is expected to be sanctioned or disbursed in seven-eight working days. Currently, there are over 21 banks including SBI, Bank of Baroda,

Exclusive: Soon GeM sellers may get India Post services to ship government orders across India

Logistics for MSMEs: The number of sellers on GeM has jumped nearly 5X since last November. From 6.4 lakh sellers as of November 3, 2020, the number has grown to 30.66 lakh sellers as of November 2, 2

Flipkart partners with Ministry of Rural Development to get women businesses into e-commerce fold

Ease of Doing Business for MSMEs: Launched in 2019, Flipkart said the Samarth programme is currently supporting the livelihoods of over 9,50,000 artisans, weavers, and craftsmen across India.

flipkart

BSE joins hand with HDFC Bank to promote startup, SME listing

Both the parties have agreed to conduct and participate in joint outreach activities and contribute to each other's publications on the startup ecosystem in India.

HDFC Q2 net profit rises 32 pc to Rs 3,780 crore

Bank loan to MSMEs: Credit growth to micro, small businesses contracts in September from year ago

Credit and Finance for MSMEs: The total gross bank credit of Rs 13.20 lakh crore deployed to the MSME sector in September 2021 was 12.04 per cent of India's overall gross bank credit of Rs 109.56 lakh

Dhanteras 2021: Jewellers see sparkling sales this festive season after Covid gloom

Ease of Doing Business for MSMEs: Gold prices had declined from Rs 52,000 per 10 gram in November last year to Rs 47,000 per 10 gram on November 1, 2021, while silver had declined from Rs 74,000 per k

Driving financial inclusivity is the key to achieving a US $5 trillion economy, say experts at ASSOCHAM Summit

NBFCs, fintech companies and banks are entering each other's purview and this intermingled market will further facilitate ease of credit lending in India.

credit lending, cash flow, financial inclusivity, MSME credit, digital India, fin tech ecosystem, banks, NBFCs, MSME cash flow, narayan rane, msme ministry

With over 50% share in bookings, MSME-led travel agents market to become $65 billion in 5 years

Ease of Doing Business for MSMEs: Currently, India is having a bilateral air bubble arrangement with 28 countries including the US, the UK, France, etc. Under the agreement, the two countries perceive

We focus on identifying outlier founders: Nitin Sharma, partner, Antler India

Through this funnel, which is amongst the largest and the most selective in the country, we feel fortunate to get a first glimpse of the new ideas and startups that the next generation of Indian found

Nitin Sharma,Partner, Antler India

More customers shopped on Amazon.in, 79% new users from small towns

Amazon.in, which kickstarted its Great Indian Festival 2021 on October 2 with Prime Early Access and went live for all customers on October 3, said more than 10 lakh customers purchased a smartphone f

It also asked CCI to revoke the approval it had given to Amazon-Future Coupons (FCPL) deal in November 2019.

Amazon India: 30,000 sellers became ‘lakhpatis’ during month-long Great Indian Festival sale

Ease of Doing Business for MSMEs: Every year Amazon and Walmart’s Flipkart lead e-commerce sales during the festive season through their flagships events for customers to offer heavy discounts on pr

Now food hawkers, vendors, other unorganised eateries can apply for FSSAI license through this new app

Technology for MSMEs: Recently India was ranked 71st out of 113 countries on the Global Food Security Index 2021 with respect to food quality and safety, affordability, availability, etc. 

‘MSMEs’ longer wait for new Foreign Trade Policy may stifle their growth’

Trade, import and export for MSMEs: The Union Commerce and Industry Minister Piyush Goyal set a merchandise export target of $400 billion for the year 2021-22 to meet PM Modi’s vision of going globa

trade

Nearly 1 lakh jobs created by over 11,000 MSMEs on Udyam portal in Manipur: CM N. Biren Singh

Skill, labour, talent for MSMEs: Among eight northeastern states, Assam led the tally in MSME registration with 56,658 units registered on the Udyam portal. 5,135 MSMEs were registered in Tripura foll

Innovation platform Plug and Play Tech Centre to set up its first India centre in Hyderabad

Seattle-based Triangulum Labs, a venture foundry, would be partnering with Plug and Play Tech Centre in Hyderabad to run the incubation for the IoT and smart cities, the release said.

Innovation platform Plug and Play Tech Centre to set up its first India centre in Hyderabad

Cyber Security Awareness Month: Why MSMEs must step up digital efforts to secure future growth

Technology for MSMEs: For most SMEs, cybersecurity starts with a firewall and ends with an anti-virus solution. This makes it extremely easy for attackers to enter their network.

cyber security

Fresh funding: Valued at $1.1 billion, digital insurance start-up Acko turns unicorn

Last year, Acko entered the under-penetrated health insurance vertical with a differentiated proposition focused on the employer-employee market. Its flagship retail health insurance product is due to

Acko competes with other insuretech start-ups such as Digit Insurance which recently raised $200 million at a $3.5-billion valuation in July 2021, and Policybazaar which is headed towards a Rs 6,000-crore IPO.

Effitrac launches talent marketplace to address skill shortage in SMEs

Skill, labour, talent for MSMEs: Effitrac Partner Connect aims to help business owners in tier-II and tier-III towns gain access to talent, whether it is freshers or industry veterans, across a wide s

SME trade finance company Drip Capital raises $175 million to expand domestic, international businesses

Credit and Finance for MSMEs: Drip Capital is also looking at a new platform that would address challenges faced for SMEs while partnering with businesses in shipping lines, payment processors, insura

7th-pay-commission-dearness-allowance-latest-news-da-hike-impact-calculation-for-central-government-employees

FSSAI wants calorie count on restaurant menus, plans risk management system; here’s what businesses think

Ease of Doing Business for MSMEs: FSSAI will also be launching the concept of ‘Perpetual License’ “so that no renewal of the license would be necessary for the industry," its CEO Arun Singhal sa

Paytm Insuretech raises Rs 920 crore from Swiss Re

Paytm Insuretech plans to leverage Paytm’s customer base and merchant ecosystem to develop innovative insurance products and offer the best-in-class solutions.

Swiss Re will invest Rs 397.3 crore upfront, and the remaining will be in tranches subject to fulfilment of certain milestones. Swiss Re will also pick up an aggregate stake of 23% in Paytm Insuretech on a fully diluted basis, both firms said in a statement.
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