How this startup is helping MSMEs enhance their digital presence
Technology for MSMEs: The company is looking to grow 60-80 percent year-on-year in customer count and expecting similar growth in revenues The shift towards adoption...
How textile MSMEs in India are creating jobs and employment opportunities, decodes expert
“Textile ministry along with the finance minister in the Union budget announced several schemes and programs to support and strengthen the industry." MSME sector has...
MSME sector to rebound with 15% growth in FY22, but NPAs to remain around 12%: Study
Ease of Doing Business for MSMEs: Overall annual MSME NPAs had increased from 8.6 percent in FY19 to 12.6 percent and 12.5 percent in FY20...
Trade finance startup Vayana Network raises Rs 114 cr to increase trade credit to micro, small businesses
Credit and Finance for MSMEs: The company will also launch Vayana ITFS (International Trade Finance Services) platform at GIFT City, Gujarat in the current financial...
Kinara Capital raises Rs 380 cr from Nuveen, ASN Microkredietfonds
Small business-focussed NBFC Kinara Capital on Tuesday said it has raised fresh equity capital of Rs 380 crore from Nuveen's Global Impact Fund and Triple...
Govt Says It Provides Intellectual Property Protection for MSMEs Products
The South Kalimantan Office of Law and Human Rights Ministry has committed to providing intellectual property protection for the products of micro, small and medium...
Public sector lender Bank of Baroda is now targeting at least 65% of retail originations and 35% of MSME loans (value-wise) to be done digitally by the end of the current fiscal year. This comes after overhauling its IT infrastructure to set up digital banking departments internally. The bank is also targeting Rs 50,000 crore of digital lending in the current fiscal year.
Public sector lender Bank of Baroda is now targeting at least 65% of retail originations and 35% of MSME loans (value-wise) to be done digitally...
Government support a must for the poor and MSMEs
With rising costs of fuel and commodities, the government would need to place a cap and/ or provide subsidies for the MSME sector to cushion...
Nearly 70% MSMEs on bookkeeping app Khatabook expect better business growth this year
Ease of Doing Business for MSMEs: Businesses in financial services, marketing-related activities, and internet services experienced substantial growth in H2 2021 even as those in...
Lack Of Updated MSME Data Hampering Timely Funds Disbursal
One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them Though government...