Union Budget 2023: MSME sector lauds revamped credit guarantee scheme, hails measures to revive the fund-starved sector
01 Jan 2023
Budget 2023: Industry hails FM Nirmala Sitharaman's MSME push
01 Jan 2023
Lender confidence in MSMEs rises with use of analytics and lower NPAs: Report
25 Mar 2023
Revamped Loan Guarantee Scheme For Micro, Small Enterprises To Be Implemented From April 1
01 Apr 2023
The easy-to-implement, easy-to-use tech platform will harness the power of data and technology to enable businesses to optimize cash flows and accelerate secured growth.
21 Apr 2023
Economists also focussed on considering growth in terms of long-term, short-term or medium-term growth.
13 Apr 2023
Ease of Doing Business for MSMEs: All other business models are a spin off from the family business mode, that is, the first model of business which came into existence was family business and the other business model or corporate structures evolved from it like the Proprietary Firm, LLP, Private and Public companies.
21 Apr 2023
The government on Friday launched the revamped MSME Competitive (LEAN) scheme to make it more beneficial for enterprises and stakeholders.
13 Mar 2023
With a paradigm shift in buying habits in the last 2 years, consumers, especially from tier 2 and tier 3 cities, have increasingly adopted e-commerce.
01 May 2023
Technology for MSMEs: The FMCG and retail segment witnessed a 14 per cent increase in UPI transactions, followed by Food & Beverage at 12 per cent and Fashion & Lifestyle at 9 per cent which can be attributed to the retailers’ ability to accept digital payments easily and the increased comfort level of their customers in transacting digitally.
16 May 2023
MSME Bharat Manch, a nationwide initiative by RupeeBoss Financial Services Pvt Ltd, partnered with Enqube Collaborations to organize the first series of a national workshop focused on "Gearing up for MSMEs IPO." The workshop aimed to educate and assist Micro, Small, and Medium Enterprises (MSMEs) in understanding the Initial Public Offering (IPO) process and its benefits. MSMEs are crucial to the economy, contributing 30% to the GDP and employing over 40% of the workforce. The workshop featured industry veterans, successful MSME IPO promoters, senior officials from the Bombay Stock Exchange, and other business leaders who shared their experiences and insights. The interactive format allowed MSME business owners to engage with the speakers and gain valuable knowledge and information.
20 May 2023
MSME Bharat Manch - A Nationwide Initiative of RupeeBoss Financial Services Pvt Ltd, has joined hands with Enqube Collaborations in organising the 1st series of National Workshop with the theme "Gearing up for MSMEs IPO".
19 May 2023
MSME Bharat Manch and Enqube Collaborations organized a workshop aimed at providing valuable insights on the IPO process and its benefits for Micro, Small, and Medium Enterprises (MSMEs). The workshop covered various topics, including the pros and cons of going public, the steps involved in preparing for an IPO, and more. Industry experts, senior officials from the Bombay Stock Exchange, and business leaders shared their experiences and insights, and MSME business owners had the opportunity to interact with the speakers.
20 May 2023
MSME Bharat Manch and Enqube Collaborations organized a workshop aimed at providing valuable insights on the IPO process and its benefits for Micro, Small, and Medium Enterprises (MSMEs). The workshop covered various topics, including the pros and cons of going public, the steps involved in preparing for an IPO, and more. Industry experts, senior officials from the Bombay Stock Exchange, and business leaders shared their experiences and insights, and MSME business owners had the opportunity to interact with the speakers.
20 May 2023
In this article, we at SMEStreet attempted to highlight the evolving scenario of alternate and new ways raising finance through stock market listings
12 Jun 2023
Technology advancements in the manufacturing sector are increasingly pushing MSMEs to embrace innovative manufacturing tools under the umbrella of Industry 4.0. However, MSMEs in India face an uphill battle in adopting industry 4.0 technologies. The key question remains: Can MSMEs keep up with the pace of technological advancements?
26 Jun 2023
Sustainability for MSMEs: A bustling powerhouse of innovation and entrepreneurship, MSMEs play a strategic role in India’s economy, contributing nearly 27 per cent to India’s GDP and employing over 111 million people across approximately 63 million enterprises.
25 Jun 2023
Geo tagging will enable real-time monitoring, tracking, and evaluation of projects, ensuring transparency and effective resource utilization..
24 Jun 2023
Ease of Doing Business for MSMEs: To date, the portal has registered 2.01 crore MSMEs, including 1.94 crore micro, 5.54 lakh small and approximately 52,000 medium enterprises.
23 Jun 2023
The fifth edition of ET’s flagship initiative ET MSME Day 2023 Virtual Conclave is scheduled to be held on June 27, celebrating World MSME Day. With the theme ‘Future-ready MSMEs for India@100,’ ET MSME Day 2023 Virtual Conclave will bring together key policy-makers, MSMEs, industry leaders, and stakeholders for deliberations, knowledge-sharing, and actionable ideas to catalyse the growth of a globally competitive MSME industry.
23 Jun 2023
Credit and Finance for MSMEs: Nano entrepreneurs who are new to credit or have no credit or business history need to be given additional risk capital and guarantees to unlock business credit.
27 Jun 2023
World MSME Day 2023: As the world celebrates MSME Day 2023, here are five facts about the Indian MSME sector which you might know but perhaps haven’t realised their true scale and size in comparison to other economies.
27 Jun 2023
World MSME Day 2023: E-invoicing, also known as electronic invoicing, is a system designed to authenticate B2B invoices, export invoices and other documents mentioned in the e-invoicing mandate through designated systems i.e. the Invoice Registration Portal (IRP).
27 Jun 2023
World MSME Day 2023: A plethora of variables that draw on investor demand, regulatory reforms, and the need for expansion have recently increased the number of SME listings on Indian exchanges.
27 Jun 2023
World MSME Day 2023: A plethora of variables that draw on investor demand, regulatory reforms, and the need for expansion have recently increased the number of SME listings on Indian exchanges.
27 Jun 2023
World MSME Day 2023: MSMEs face a host of challenges around formal credit, employment generation, direct selling to the government, quality manufacturing, micro-credit access, lack of awareness, and more.
27 Jun 2023
World MSME Day 2023: The observance of World MSME Day provides an opportunity to raise awareness about the challenges faced by MSMEs, such as limited access to finance, technology, skills development, and market opportunities.
27 Jun 2023
Credit and finance for MSMEs: The time has come to take a hard look at the current FPO ecosystem wherein the farmer collectives must start thinking like entrepreneurs to navigate the constantly changing market and succeed in the competitive environment.
07 May 2023
MSME Success Stories: Under the scheme, the assessment of an MSME carried out by QCI-accredited rating agencies was based on a minimum of 30 out of 50 parameters, of which 20 were mandatory.
23 Jun 2023
Success stories of MSMEs: Over the past few years, multiple young Indian brands have come up to cater to this niche segment through their bean-to-bar chocolates that represent evolving tastes around the world when it comes to quality chocolates.
23 Jun 2023
SME Success Stories: The company currently has a fleet of 300 EVs, mostly three-wheelers, and is aiming to increase it to 2,500 this year along with a revenue target of Rs 75-80 crore in FY23, according to its MD Kalyan C. Korimerla.
23 Jun 2023
Ease of doing business for MSMEs: as As the e-commerce landscape continues to grow and evolve, there is an increasing demand for unique and niche products. This presents an opportunity for small-scale manufacturers to cater to specialized markets.
02 Jul 2023
Credit and finance for MSMEs: Overall, Rs 20.20 lakh crore bank credit under priority sector lending — 14.5 per cent of India’s total non-food bank credit worth Rs 138.5 lakh crore — was deployed in the MSME sector in May 2023.
03 Jul 2023
Trade, import and export for MSMEs: More than half of the small businesses on eBay in nine of its 18 markets were newcomers in 2020, the Small Online Business Inclusive Global Trade Report said.
02 Jul 2023
Online process to apply for Weavers Mudra Scheme: The scheme offers a maximum loan of Rs 2 lakh covered under the CGTMSE scheme and 6 per cent interest is levied with maximum interest subvention capped at 7 per cent.
02 Jul 2023
Ease of doing business for MSMEs | 6 years of GST: The traders’ body called for the setting up of a special task force providing suggestions on rationalising GST.
02 Jul 2023
Credit and Finance for MSMEs: Under the Mukhyamantri Micro Udyami Accident Insurance Scheme, micro-category entrepreneurs aged between 18 and 60 years can apply to avail of its benefits.
29 Jun 2023
Credit and finance for MSMEs: This comes after ECGC’s announcement last week on expanding the 90 per cent insurance cover to exporters with a credit limit of Rs 50 crore from earlier for exporters with the Rs 20 crore limit.
29 Jun 2023
Credit and finance for MSMEs: The GNPA ratio for MSME loans below Rs 25 crore, which are particularly vulnerable to slippage, also declined sequentially from 7.2 per cent in March last year to 6.7 per cent in March this year, the report noted
29 Jun 2023
Credit and Finance for MSMEs: The AIF registration will now enable the SKI’s capital to invest in SMEs and provide capital and financial support to MSMEs.
28 Jun 2023
Trade, import and export for MSMEs: Under the MoU, the first Nasscom launchpad in the UK will be established in Greater Manchester similar to its launchpad programme in Canada.
29 Jun 2023
Despite the MSME sector growing significantly over the years, it struggles to be a part of the mainstream financial ecosystem.
08 Jul 2023
The small Baltic nation and others in the “Rapid Reformers” group have been able to improve their loan rejection rates to small businesses. What stops a country like India from following their model?
09 Jul 2023
The Hyderabad edition of the ET Make in India - MSME Regional Summit brought together local MSME leaders, entrepreneurs, and policymakers to discuss developments in the state's burgeoning MSME sector and ignite insightful conversations. The speakers also demystified the unique challenges faced by Telangana’s MSME players and the manifold growth opportunities that lie ahead of them.
01 Jun 2023
Digitization is essential for the sector's growth and competitiveness, but digital tools and solutions must be tailored to specific business needs and be affordable, reliable, and effective in addressing supply chain and distribution management.
29 Jun 2023
In its fourth edition, ET MSME Awards 2023 seeks to find India’s best Micro, Small, and Medium Enterprises (MSMEs).
04 Jul 2023
By pursuing their passions, young entrepreneurs can find meaning and fulfilment in their work, which can drive long-term success.
27 Jun 2023
Satin Creditcare had a consolidated assets under management of Rs 9,115 crore as on March 31 and expects to grow its overall loan book at a compound annual growth rate of 25-30% for the next few years
07 Jul 2023
Ease of doing business for MSMEs: The lever to create jobs lies in mass entrepreneurship or widespread entrepreneurship. It means the growth of the millions of mundane businesses started by millions of ordinary people across the country in villages and towns which employ at least five people.
08 Jul 2023
Their first fund $10-million fund, launched in 2020, has reportedly invested in 35 startups, such as the virtual summit platform Airmeet, the influencer management platform Affable.ai, the employee benefits platform Plum, and the sales software provider ElevateHQ among others.
12 Jul 2023
The IPO will involve the issuance of 50.55 lakh equity shares at a face value of Rs 10 each through the book-building route.
11 Jul 2023
Ease of Doing Business for MSMEs: The minister also assured that “Schedule M” would be made compulsory for the MSME pharma sector. “Schedule M,” under the Drugs and Cosmetics Act, deals with the practices associated with the manufacturing of pharmaceuticals that must be followed in India.
11 Jul 2023
Digitization is essential for the sector's growth and competitiveness, but digital tools and solutions must be tailored to specific business needs and be affordable, reliable, and effective in addressing supply chain and distribution management.
29 Jun 2023
The Indore edition of the ET Make in India MSME Regional Summit brought together key stakeholders of Madhya Pradesh’s MSME industry to discuss developments in the state's burgeoning MSME sector and ignite insightful conversations
11 Jul 2023
The focus of the fund will be on investing in pre-series A stage startups valued under Rs 100 crore, operating in the fields of deep tech, cleantech, B2B tech, logistics, health tech, and other sectors.
12 Jul 2023
Traditionally, only large businesses could consider cross-border trade as part of their expansion strategy. But digitisation drives are now helping small businesses also take the leap.
18 Jul 2023
The ToD tariff structure comprises different tariffs for power consumption during peak hours, solar hours and normal hours, providing price signals to consumers. Accordingly, consumers including MSMEs can manage their consumption by switching to solar hours when the costs are less.
28 Jul 2023
As part of the Aatmanirbhar Bharat package, Rs 50,000 crore equity infusion for MSMEs through Fund of Funds was announced.
28 Jul 2023
Government of India has taken several steps to create awareness about intellectual property rights among MSMEs in the country. DPIIT has conducted 54 awareness programmes during the past three years. Ministry of Electronics and Information Technology (MeitY) has conducted 84 awareness programmes/seminars including 2 international workshops till date,” said Verma in his response.
28 Jul 2023
States with maximum guarantees approved were Andhra Pradesh with 2.37 lakh followed by Uttar Pradesh with 1.30 lakh guarantees, Maharashtra with 66,055 guarantees, among others.
28 Jul 2023
Under the scheme, launched on April 17, MSMEs unable to execute government contracts during the Covid period were allowed a 95 per cent refund of the performance security, 95 per cent of the bid security, 95 per cent of the liquidated damages (LD), and 95 per cent of the risk purchase amount forfeited or deducted.
26 Jul 2023
Gross MSME NPAs in Scheduled Commercial Banks peaked at Rs 1.83 lakh crore in FY20 from Rs 1.63 lakh crore in FY19 and declined to Rs 1.82 lakh crore in FY21 before shrinking to Rs 1.31 lakh crore in the previous fiscal.
26 Jul 2023
he expansion of digital payments in India, as well as the availability of many simple and convenient digital payment alternatives, has facilitated ease of doing business to the retailers along with financial inclusion, and commercial and economic growth.
15 Aug 2023
By smartly implementing D2C strategies, small businesses can effectively and efficiently increase their growth potential and customer engagement backed by innovation in terms of product and brand visibility.
15 Aug 2023
One of the biggest challenges that coworking spaces are facing is capital inefficiency. The rental commitments with the landlords are long-term, whereas the clients who occupy the spaces are short-term.
14 Aug 2023
AI-powered recommendation systems have proven to be a game-changer in the e-commerce industry. By analyzing user behavior, purchase history, and preferences, these systems can offer highly personalized product recommendations.
14 Aug 2023
While the bill offers potential benefits such as access to healthcare, insurance coverage, and retirement savings plans for gig workers, there are concerns about the implementation of the bill.
13 Aug 2023
According to the data shared by the MoS, the expenditure of the MSME ministry was Rs 6,717.53 crore in 2019-20, which declined to Rs 5,647.50 crore in the following year. However, it increased to Rs 15,160.46 crore in 2021-22.
11 Aug 2023
The highest number of grievances in the current year were received from Maharashtra (1,417), Tamil Nadu (757), Uttar Pradesh (664), Gujarat (533), and West Bengal (497).
11 Aug 2023
As per the report, the average hikes for tech roles were also between 8 to 12 per cent. For small startups with technology teams of less than 40 employees, salary increments for the entry and mid-level roles were in the range of 15 to 20 per cent.
11 Aug 2023
The hackathon invites ideas from the field of the services sector, agriculture sector, healthcare sector, power sector, and miscellaneous sectors.
10 Aug 2023
GPS Renewables has over 100 biogas plants, including Asia’s largest RNG plant based on MSW (Municipal Solid Waste) in Indore, Madhya Pradesh. As a part of the deal, Proweps leadership will continue to work with the GPS Renewables team.
09 Aug 2023
Importantly, A parliamentary panel on industry in March this year had suggested a separate division for micro enterprises for focused initiatives “as the problems faced by the micro enterprises are different from the problems faced by the small and medium enterprises.”
11 Aug 2023
Inaugurating the scheme, Yogi Adityanath said that more than 90 lakh entrepreneurs of the state with a capital of less than Rs 5 crore and a turnover of less than Rs 40 lakh will benefit under the scheme. He urged entrepreneurs to register on the entrepreneurship portal of the central government.
21 Aug 2023
Along with discounted shipping rates on heavier parcels above 5 kilograms, Delhivery One will enable small businesses to seamlessly ship to more than 220 countries, leveraging Delhivery’s partnership with FedEx, the company said.
21 Aug 2023
According to the survey, 40 per cent of respondents said they had received government funding for digitalisation at least once while only 20 per cent had government funding for digitalisation multiple times.
21 Aug 2023
According to the data from the Ministry of Commerce and Industry, the import of toys declined from $257.65 million in the financial year 2013-14 to $62.39 million in the financial Year 2022-23, registering a 75 per cent drop.
21 Aug 2023
While insurance is key for MSMEs to increase their export competitiveness, companies also need to increase awareness about their products among small businesses.
30 Aug 2023
When it comes to financial inclusion, there is a big gap that exists between the emerging developing markets and developed countries, with the former having a large number of informal economy.
28 Aug 2023
Released annually, the 9th edition of the NeoGrowth Impact Report showcases the transformative influence of the company’s loans on the lives of MSME borrowers, alongside its commitment to sustainable business practices.
17 Aug 2023
The sluggish and ineffective legal system in India hampers entrepreneurial growth and adversely affects the MSME sector, FISME said.
17 Aug 2023
Scalability, security, flexibility — Guru Vaidya, Solution Consulting Manager, Adobe, demystifies the Adobe Document Cloud landscape, elaborating how it is helping in unlocking an era of seamless digital transformation for micro, small and medium enterprises of India, in sync with a broader Digital India drive.
09 Aug 2023
The Indore edition of the ET Make in India MSME Regional Summit brought together key stakeholders of Madhya Pradesh’s MSME industry to discuss developments in the state's burgeoning MSME sector and ignite insightful conversations.
11 Jul 2023
Smbhav 2023 brings together industry leaders and policymakers to discuss various ways to improve the prospects of small and medium businesses.
31 Aug 2023
The finance minister also emphasised increasing penetration under Pradhan Mantri Mudra Yojana (PMMY) and financial inclusion and stated that a roadmap has to be prepared for completing the designated activities in a timebound manner.
31 Aug 2023
The scheme facilitates assistance of up to Rs 2.5 crore for the development of ‘regular’ clusters with 500 artisans or less and up to Rs 5 crore for the development of ‘major’ clusters with more than 500 artisans.
08 Sep 2023
Intuit Assist uses relevant contextual data sets spanning small business, consumer finance, and tax to deliver personalized financial insights.
07 Sep 2023
“MSMEs contribute significantly towards economic growth and job generation. Therefore, it is important to empower them, especially by ensuring easier and timely access to formal credit. The launch of SimplySAVE Merchant SBI Card is an attempt to address this larger segment by extending interest-free short-term credit to MSME,” said Dinesh Khara, Chairman, State Bank of India.
06 Sep 2023
The scheme was announced in this year’s budget by Finance Minister Nirmala Sitharaman to lay emphasis on not just financial support but also skill development, knowledge, modernisation, efficiency, capacity building, sustainable practices, technological support, digitalisation of payments and linkage with the local and global markets for artisans.
06 Sep 2023
WEPmentor will provide four mentorship programmes for women entrepreneurs including personalised mentoring sessions, organisation-led mentorship, skill-specific workshops, and Peer-to-Peer (P2P) initiatives. The programme will also tie up with academic institutions, industry associations, and other resources to provide a comprehensive suite of mentorship resources.
05 Sep 2023
Launched in April 2022, around 67 thousand registrations have been done under the MSME ZED certification scheme, MSME Minister Narayan Rane said.
28 Aug 2023
Launched in 2016, Startup Odisha is an initiative of the Odisha government to support 5,000 startups in the state by 2025. So far, the initiative has supported over 1,700 startups including more than 600 women-led startups and 27 incubators.
07 Sep 2023
The International Trade Show will also feature the ‘Hall of Town of Export Excellence,’ exhibiting the products of craftsmen of 12 districts of Uttar Pradesh. Also, there will be five experience zones, featuring live demonstrations of Kanauj’s attars, Moradabad brass work, and Bijnor paintbrush production.
10 Sep 2023
Now, with the dawn of ‘Amrit Kaal’, India is at the threshold of a transformative journey, one which will translate into attaining an economic stature of $35-45 trillion by 2047.
11 Sep 2023
During these uncertain times, Indian homegrown venture capital firms have been taking centre stage in the startup ecosystem. The prolonged funding winter has forced a shift in focus from rapid and often unsustainable growth to more prudent investments.
11 Sep 2023
In August, the G20 leaders had proposed a ‘Jaipur Initiative to foster seamless flow of information to MSMEs’ to address the challenge of inadequate access to market and business-related information faced by MSMEs.
11 Sep 2023
“More than 50 million merchants are opting for digital mode of payment. Digitization helped us generate balance sheet quicker as all the financial details like invoices, transactions, tax credits are easily accessible,” said Nandan Nilekani.
14 Sep 2023
The platform will feature offers by businesses across fashion & lifestyle, departmental stores & grocery, and health and wellness, in order to attract customers and help in boosting their reach.
13 Sep 2023
For subscription management, the software offers trial management, prorated billing, customer lifecycle management and retention. It has 13 country-specific editions including India for businesses to be compliant with the regional tax regulations.
13 Sep 2023
Tata Power Solar and SIDBI also launched The Big Solar Fest to encourage the adoption of solar energy among MSMEs with zero per cent processing fees for the upcoming festive season.
13 Sep 2023
The MoU was signed at the India-Saudi Arabia Investment Forum on Monday on the sidelines of the state visit of the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Mohammad Bin Salman following his attendance at the G20 Leaders Summit in New Delhi.
12 Sep 2023
The process of import customs clearance presents challenges that can be daunting for those new to the field. Extensive experience and specialized knowledge are crucial for providing effective import clearance solutions to small businesses.
18 Sep 2023
Choosing the right domain name goes beyond picking a web address. It also involves connecting it to your professional email system. This bond between a refined domain and recognized email lays the foundation for long-term benefits like establishing a professional presence that projects a respected business image and attracts customers and investors alike.
17 Sep 2023
In August, the Cabinet Committee on Economic Affairs chaired by PM Modi had approved the Rs 13,000 crore outlay for PM Vishwakarma for five years (FY24 to FY28).
17 Sep 2023
It is now well documented that the credit gap in the MSME sector is estimated at around Rs 20-25 lakh crore. There are a variety of reasons behind the unmet credit needs. But one major hurdle is the poor or inadequate awareness and knowledge on the part of the MSME entrepreneurs, particularly micro and small ones, on technology and finance.
16 Sep 2023
The rise of fintechs and the adoption of technology has enabled the lending value chain, improving financial access for underserved “credit-hungry” customers, which includes SMEs.
16 Sep 2023
The program, developed under the Reserve Bank Innovation Hub, will provide an end-to-end digital solution designed for easy integration by all banks, offering an open architecture with accessible APIs and standardized protocols, enabling a seamless “Plug and Play” approach.
15 Sep 2023
According to a notification by the MSME Department of the state government earlier this month, the MSMEs, after getting listed in NSE/BSE, can make written application to MSME Department, giving all relevant details and documentary evidence regarding getting listed in NSE/BSE and capital raised by such listing.
15 Sep 2023
Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing the sector’s share in exports to 60 per cent from 48 per cent and 5 crore additional jobs apart from the jump in GDP share to 40 per cent by 2025.
01 Sep 2023
“More than 50 million merchants are opting for digital mode of payment. Digitization helped us generate balance sheet quicker as all the financial details like invoices, transactions, tax credits are easily accessible,” said Nandan Nilekani.
14 Sep 2023
The process of import customs clearance presents challenges that can be daunting for those new to the field. Extensive experience and specialized knowledge are crucial for providing effective import clearance solutions to small businesses.
18 Sep 2023
Meta-owned messaging app WhatsApp is looking to play a larger and more meaningful role in India’s digital growth with its Business app, introduced four-years back.
15 Sep 2023
Planning is the plinth for a better future of MSME. MSME Bharat intends to be the support partner for members whenever they need to see better future of the sector
Employees are the ones who implement objective for which MSME has been formed We are here to support every MSME of the country to acquire and develop employees to grow and look for their welfare
Providing the MSME sector suitable infrasture and helping them grow
Capital is the lifeline of an MSME MSME Bharatmanch has a mission to ensure every deserving member has access to capital for operations and expansion when they need the same
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