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Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Amazon pledges enabling USD 80 billion exports from India by 2030; partners DPIIT

Tue, Dec 10, 2024

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub.

DFC of US comits $40 million loans to UGRO Capital for MSME funding

DFC of US comits $40 million loans to UGRO Capital for MSME funding

Wed, Oct 16, 2024

This investment marks a critical step in UGRO Capital's journey to empower small businesses at the grassroots level and deepen financial inclusion across the country, the NBFC focused on MSME lending said in a statement on Wednesday.

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

5 crore MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh crore: Centre

Tue, Sep 10, 2024

According to Dr Rajneesh, additional secretary and development commissioner, Ministry of MSME, several MSMEs needed to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in the economy and only 1.65 crore MSMEs were registered till last year with the government.

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Protean, PayNearby partner for credit marketplace on ONDC

Protean, PayNearby partner for credit marketplace on ONDC

Thu, Aug 10, 2023

Protean eGov Technologies and fintech platform PayNearby have collaborated for providing credit services on the ONDC network for last-mile borrowers and MSMEs. Once launched, the marketplace will also allow for easy discovery of various lending products at affordable pricing, according to a statement.

Bank credit growth to MSMEs decelerates in Q1: RBI data

Bank credit growth to MSMEs decelerates in Q1: RBI data

Sun, Aug 06, 2023

According to another set of RBI data for April, loan growth of medium industries was 19.1 per cent against 53.7 per cent last year.

India offers the world complete value chain solution in apparel sector: AEPC Chairman

India offers the world complete value chain solution in apparel sector: AEPC Chairman

Tue, Jun 27, 2023

There are huge opportunities in the textiles sector and India offers to the world a complete value chain solution from farm to fashion in the apparel segment, AEPC chairman Naren Goenka said on Tuesday.

India has 26,134 clauses that can put entrepreneurs in jail for violating business laws, says report

India has 26,134 clauses that can put entrepreneurs in jail for violating business laws, says report

Sun, Jun 25, 2023

A report called 'Jailed For Doing Business' by TeamLease RegTech and Observer Research Foundation says that the country has as many as 69,233 unique compliances that regulate doing business in India.

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

Tue, Jun 06, 2023

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.

Sidbi to finance 50,000 EVs for MSMEs

Sidbi to finance 50,000 EVs for MSMEs

Tue, Jun 06, 2023

The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday.

MSME Secretary Bidyut Bihari Swain appointed UPSC member

MSME Secretary Bidyut Bihari Swain appointed UPSC member

Tue, May 30, 2023

Senior bureaucrat Bidyut Bihari Swain has been appointed as UPSC member, officials said. Swain will be administered the oath of office and secrecy on Thursday, they said.

Aditya Birla Capital launches 'Udyog Plus' platform for MSMEs

Aditya Birla Capital launches 'Udyog Plus' platform for MSMEs

Wed, May 17, 2023

Maintaining the high loan growth seen in FY23 will be difficult for Aditya Birla Finance, but the company is confident of growing the book robustly given the opportunities it sees in the market, a top official said on Wednesday.

How using social media for employer branding is a powerful strategy to engage and attract talent?

How using social media for employer branding is a powerful strategy to engage and attract talent?

Wed, May 10, 2023

The image of an organisation may be elevated to exceptional depths by using the tremendous reach and impact of platforms such as as Facebook, Instagram, LinkedIn, and Twitter.

As India's manufacturing sector grows by leaps and bounds; how technology is transforming supply chain efficiency to revolutionize delivery processes

As India's manufacturing sector grows by leaps and bounds; how technology is transforming supply chain efficiency to revolutionize delivery processes

Tue, May 09, 2023

Our current world is one where mechanization, automation, manufacturing, product delivery, and overall customer satisfaction are tending to the highest levels of accuracy and perfection. As a consequence, organizations are increasingly looking to perfect the faculty of supply chain management.

Revamped loan guarantee scheme for micro, small enterprises to be implemented from April 1

Revamped loan guarantee scheme for micro, small enterprises to be implemented from April 1

Fri, Mar 31, 2023

In Budget 2023-24, finance minister Nirmala Sitharaman announced the revamping of credit guarantee scheme for micro and small enterprises with effect from April 1, 2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs 2 lakh crore and the reduction in the cost of the credit by about 1 per cent.

MSME competitive scheme part of efforts to strengthen sector: PM Modi

MSME competitive scheme part of efforts to strengthen sector: PM Modi

Mon, Mar 13, 2023

Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as against 80 per cent previously.

Industry asks govt to make Vivad se Vishwas scheme attractive for MSMEs

Industry asks govt to make Vivad se Vishwas scheme attractive for MSMEs

Tue, Feb 28, 2023

Jan Vishwas Bill proposes to decriminalize hundreds of minor offenses and will come up for the Parliament's approval in the current Budget session, which starts after a break from March 13.

Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs

Finance Ministry to meet heads of banks on February 22; to review progress ECLGS for MSMEs

Sun, Feb 19, 2023

The meeting between Finance Ministry and banks' heads is scheduled to be held on February 22 to review progress on ECLGS and Loan Guarantee Scheme for COVID-Affected Sectors (LGSCAS), sources said.

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Wed, Feb 01, 2023

PM Vishwa Karma Kaushal Samman - package of assistance for traditional artisans and craftspeople has been conceptualized, will enable them to improve quality, scale and reach of their products, integrating with MSME value chain," Sitharaman said

Credit growth likely to be brisk in FY24 if inflation moderates, cost of credit remains low: Survey

Credit growth likely to be brisk in FY24 if inflation moderates, cost of credit remains low: Survey

Tue, Jan 31, 2023

Talking about the banking sector in India, the Survey said it has also responded in equal measure to the demand for credit as the year on year growth in credit since the January-March quarter of 2022 has moved into double digits and is rising across most sectors.

Union Budget 2023: Policy and other processes for MSMEs need to be eased: Indiamart’s CEO

Union Budget 2023: Policy and other processes for MSMEs need to be eased: Indiamart’s CEO

Tue, Jan 24, 2023

In an exclusive interaction with Zee Business, Dinesh Agarwal, founder and CEO of IndiaMart, talks about how Budget 2023 needs to bring more credit schemes for the MSME sector.

Low demand, rise in raw material prices key problems of MSMEs: Survey

Low demand, rise in raw material prices key problems of MSMEs: Survey

Thu, Dec 22, 2022

The report by Bhartiya Yuva Shakti Trust (BYST) also said that though markets have stabilised, about 57 per cent of the units that participated in the survey are struggling to get new orders for their merchandise.

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

Wed, Dec 21, 2022

Over two lakh powerlooms in Tamil Nadu had diverted to VSF manufacturing and enabling value added exports and anti-dumping duty would again make manufacturers to switch over to imports that would have serious impact on the MSME spinning mills, Ravi Sam said.

Trucap Finance buys out retail MSME book of EZ Capital, gets Rs 105 cr funding from Zeal Global

Trucap Finance buys out retail MSME book of EZ Capital, gets Rs 105 cr funding from Zeal Global

Tue, Dec 20, 2022

Rakesh Sethi, chairman of Trucap, said the current funding round once completed will enhance the company's equity base to around Rs 325 crore.

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