MSMEs News
Govt may extend legal cover to medium enterprises to help with payment delays from clients
Medium enterprises are defined under the law, but not included in the definition of supplier.
3 min read22 Nov 2024Small-business lender Finova Capital raises $135 million to expand loan book, invest in tech
The deal marks Avataar Venture Partner’s first investment in India’s financial services sector.
2 min read29 Oct 2024PM SVANidhi: An idea that lays down a model for marginal vendors to go formal
The scheme has lured street vendors to join the formal sector, and this model could be used for others too. To this end, it is reassuring that fintech can be leveraged to help tiny businesses thrive and not just survive in the post-pandemic world.
4 min read11 Sep 202449,000 MSME closed down over 10 years, 3 lakh jobs lost, Govt tells Lok Sabha
Maharashtra saw the most closures, with 12,233 MSMEs shutting down, resulting in 54,053 job losses.
3 min read25 Jul 2024Budget 2024: Public sector banks to build in-house capability for credit assessment of MSMEs, says FM Sitharaman
Budget 2024: FM Nirmala Sitharaman also announced a credit guarantee scheme for MSMEs.
1 min read23 Jul 2024Govt to restructure MSE facilitation councils, enhance powers to resolve delayed payment issues
Changes would be brought in the structure of these councils and they may also be given more power.
4 min read16 Jul 2024SBI unveils MSME Sahaj offering loans within 15 minutes; details here
SBI’s MSME Sahaj is a digital service designed to accelerate invoice financing for small and medium-sized businesses. The entire procedure, from loan application to disbursement, may be performed in 15 minutes, removing the need for manual intervention.
3 min read11 Jul 202472% small, medium businesses are investing in advertising: Study
The Amazon Ads study, which surveyed 300 Indian SMBs, along with businesses across several countries, also found that 28% of them decided against advertising because of prohibitive costs and unsatisfactory returns.
2 min read10 Jul 2024Oister Global to invest ₹4,500 crore in PE/VC funds in next two years
The Gurugram-based firm invests in private market funds, with a focus on venture capital, venture debt, private equity, and private credit.
3 min read17 Mar 2024International Women’s Day 2024: How Kinara Capital’s Hardika Shah is bridging gender gap, empowering women in MSMEs
Kinara Capital has disbursed more than ₹6,200 crore in over one lakh collateral-free business loans. The NBFC has shown strong growth over the past few years with its AUM growing 150% to ₹3,000 crore between FY22 and Q3 FY24. Women-owned MSMEs constitute nearly 12% of its customer portfolio.
3 min read7 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared