MSMEs: Page 2
MSMEs Expect to Benefit From FM's New Credit Guarantee Scheme
The INR 100 crore credit guarantee scheme is expected to serve as a vital catalyst for MSME growth and resilience by enabling businesses to secure financing without traditional barriers. Industry experts agree that this program has the potential to unlock new avenues of opportunity for MSMEs, encouraging entrepreneurship, fostering local manufacturing, and contributing to the nation's export ecosystem.
MSMEs and Traditional Business Methods Vital to the Indian Economy: Experts
India's Micro, Small, and Medium Enterprises (MSMEs) have been fundamental to the country's economy, embodying traditional business practices that contrast sharply with the current startup model focused on fundraising and valuations, experts said at Proficorn 2024, an event focused on celebrating the contributions of MSMEs in India.
Trump's Triumph: A Trump Card For Indian MSMEs ?
Donald Trump's re-election may significantly impact India's micro, small, and medium enterprises (MSMEs). His stance on trade, energy, and reducing reliance on China presents opportunities and challenges.
Finance Ministry's New Policies to Boost MSME Funding Access by Up to INR 100 Crore
The Reserve Bank of India (RBI) recently reported a 13.3 per cent year-on-year increase in lending to micro and small enterprises, with medium-sized enterprises witnessing a 17.2 per cent growth.
How India's MSMEs are Driving Towards a Sustainable Future
The Green Climate Fund (GCF) recently approved $215.6 million to bolster climate action within India's MSME sector.
Rashi Peripherals Posts INR 11,000 Crore Revenue; Eyes Double-Digit Growth for FY25
Rashi Peripherals, achieved INR 11,000 crore in revenue for FY24 and continues to target double-digit growth. With a vast network and diversified portfolio, the company is expanding into AI, visual products, and semiconductors to drive future growth.
Indian Festive e-Commerce to Hit $12 Billion in 2024: Report
Shiprocket reports India's e-Commerce export market, which is currently valued at around $3-4 billion, to expand exponentially, with projections reaching $200-300 billion by 2030
How MSMEs Thrive During India's Festive Season
Amazon's "Great Indian Festival 2022" saw record participation from MSMEs, with 4.75 lakh sellers joining the B2B sales, and 70 per cent of the 35,000 B2C sellers hailing from Tier-II and III cities
SBI to Expand Instant Loan Scheme for MSMEs, Eyes 600 New Branches by Year End
Customers only need to provide their PAN and approve the use of GST data to receive loan approval in as little as 15 to 45 minutes.
Unlocking Growth, Compliance and Wealth Management in India's Corporate Ecosystem
The Entrepreneur India Summit 2024 provided deep insights into how India's business ecosystem is evolving.
How AI, Automation and Cloud Computing are Revolutionizing MSME Strategies
The flexibility of cloud computing also means that MSMEs can punch above their weight, accessing the same tools that are available to larger enterprises without breaking the bank.
The Role of Digital Payment Infrastructures in MSME Growth
Around 80 per cent of MSMEs reported positive impacts from adopting digital technology, with Aadhaar banking and UPI being the most utilized services at the last mile.
The Transformative Impact of Digitalization on MSME Financing and Access to Credit
Although only 12 per cent of India's 64 million MSMEs are digitally mature, the shift to a cashless and paperless ecosystem brings transparency and ease to credit availability.
How MSMEs Can Leverage AI For Growth
Experts acknowledge the immense potential of AI in transforming operations, driving growth and overcoming financial challenges within the MSME sector
Government Announces Rise in MSME Registrations, 5 Cr Registered Compared to 1.65 Cr Last Year
The government plans to increase CGTMSE credit guarantees by INR 5 lakh crore over the next two years to support MSMEs.