MSMEs: Page 7

Finance

These Fintech Apps Are Making Digitization Easier For SMEs In India

In the Union Budget 2020, finance minister Nirmala Sitharaman announced that the turnover threshold for auditing will be raised from INR 1 crore to INR 5 crore for MSMEs who carry less than 5 per cent of their business transactions in cash

News and Trends

[Budget 2020] Seed Funds, ESOP Tax Deferral By 5 Years Announced For Start-ups

Finance minister Nirmala Sitharaman said start-ups "have emerged as engines of growth for our economy" and announced some key policies benefiting the community

News and Trends

Amazon To Export $10 Billion Worth Of Indian Goods By 2025

The company aims to digitize 10 million MSMEs with this investment, helping Indian businesses grow by selling online worldwide

Technology

Accounting Software: How it became a need in the business of MSMEs

The accounting software automates the core calculations and administrative procedures and take control of the revenue framework so that businesses will not be required to outsource finance management

Technology

This Fintech App Has 10 Million-Plus Downloads Within A Year Of Launch

KhataBook, a digital ledger app, has more than 3 million active merchants on its platform and has around 7 million registrations

News and Trends

How Amazon's Small Business Day 2019 Helped MSMEs Boost Their Sales

According to Amazon, handmade products by weavers and artisans were the most popular during Small Business Day which was held on December 14

Growth Strategies

Sanjay Sharma Talks About How He Got Past the Loneliest Days He Faced as an Entrepreneur

The managing director of Aye Finance discusses social entrepreneurship and how he built an MSME lending startup

Finance

The 2020 Outlook for Indian NBFCs

The future posits that NBFCs will continue to experience robust growth with minimal instances of delinquencies if the credit flow doesn't stop and the risk mitigation mechanisms improve.

News and Trends

CAIT Protests Against E-commerce Giants Amazon and Flipkart

The trade organization alleges Amazon and Flipkart of unfair trade practices and violation of FDI policy.

Technology

Supply Curtailed, Demand Still Robust For SME Lending in India, Says This Start-Up Founder

Namaste Credit co-founder Gaurav Anand believes the challenge is now for fintech companies to make sure that the tech adoption by SMEs continues.

News and Trends

How Government Is Trying To Push MSME Products On E-commerce Platforms

Indian government is considering fee-based arrangements with Amazon and Flipkart to boost sales of MSME products

Finance

Evolution of SME Lending in India

Nano-businesses are now aggressively ditching moneylenders that charge up to 90per cent annualized interest rates on loans towards loan aggregator platforms

Business News

Evolution of SME lending in India

While the base of the pyramid is served by microfinance institutions and corporates are served by banks, the MSME segment has always had few alternatives

Growth Strategies

The Multipronged Challenges Faced by Indian Entrepreneurs

Lack of capital, skilled workforce moving to foreign companies and indigenous players' preference for imported materials are hurting

News and Trends

MSMEs are the Growth Engines for India's Business Development: Nitin Gadkari

Union Minister of Road Transport and Highways and MSME, Nitin Gadkari, inaugurated the 39th India International Trade Fair (IITF). He was accompanied by the Minister of State for Commerce and Industry Shri Som Parkash. The fair has been an unprecedented platform for exhibiting the entrepreneurial skills and ingenuity of the Indian public.