Recent News

MSMEs need equity, would love to lend more to them: SBI.

State Bank of India Chairman said the poorly funded micro, small and medium enterprises (MSMEs) need equity to survive. Speaking at women’s entrepreneurs’ convention on Women’s day, Arundhati Bhattacharya said, “One of the biggest problems our SMEs face is that they have no equity. This is what our MSMEs lack. …

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Nalco to enhance its purchase preference from MSMEs.

Navaratna PSU Nalco is planning to increases its purchase preference from MSMEs from the existing 15 percent to 20 percent. Nalco chairman-cum-managing director TK chand also said the company would enhance the procurement volume from the MSME sector. While Nalco Provides a large market for the MSMEs of Odisha and …

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Odisha facilitates employment to 11 lakh youths through MSME.

BHUBANESWAR: The state government claimed that it has facilitated employment/self-employment opportunities for more than 11 lakh youths through 2.49 lakh micro, small and medium (MSM) units with an investment of Rs 12,203 crore. It was informed by micro, small and medium enterprises minister Jogendra Behera in a written reply to …

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CRISIL SME TRACKER: Digital push for MSE lending needs more teeth.

Adoption of digital transactions in a big way by micro and small enterprises (MSEs) can help plug the information gaps that limit their access to formal credit. Traditionally, banks make lending decisions based on the borrowers’ financials and collaterals. However, since MSEs find both collaterals and credible financial information hard …

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Cash credit limit for MSMEs Raised to 30 per cent: Arjun Ram Meghwal.

The government has increased the cash credit limit for micro, small and medium enterprises (MSMEs) to 30 per cent of turnover from the existing 20 per cent to encourage such ventures conduct businesses digitally, Minister of State for Finance Arjun Ram Meghwal said today. “We have taken the decision that …

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Why MSMEs should manage their Digital Assets.

Why MSMEs should manage their Digital Assets  If you do a quick search for what constitutes an asset, Investopedia would define it as “anything of value that can be converted into cash”.  Taking it further, if we prefix ‘digital’ to ‘assets’, it funnels down to specific operational assets that use …

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Strong case for anti-dumping duty on 124 products: Steel secretary

Strong case for anti-dumping duty on 124 products: Steel secretary  India has a strong case for imposing long-term anti-dumping duties on up to 124 steel products in the next two months, Steel Secretary Aruna Sharma said, as part of efforts to curb cheaper imports and protect local firms. Indian steelmakers …

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TReDS can boost MSMEs’ liquidity, with some tweaks

TReDS can boost MSMEs’ liquidity, with some tweaks The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to micro, small and medium enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collateral and credit history, …

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Embroidery of India

Embroidery in India includes dozens of regional embroidery styles that vary by region on the varied Indian clothing Styles. Designs in Indian embroidery are formed on the basis of the texture and the design of the fabric and the stitch. The dot and the alternate dot, the circle, the square, …

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With GST implementation, 51mn SMEs will go digital’ – SAP Indian subcontinent’s Marketing Head Krishnan Chatterjee.

With GST implementation, 51mn SMEs will go digital’ With implementation of Goods and Services Tax (GST), India’s 51 million small medium enterprises (SMEs) will take the digital route and this will significantly change the way of doing business across industries, said SAP Indian subcontinent’s Marketing Head Krishnan Chatterjee. “As many …

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