According to a Q1 2020 World Economy report, the International Monetary Fund has cited India as the fastest-growing economies in the world. A major part of this growth can be attributed to micro and small business houses and medium enterprises. In fact, SMEs are currently contributing about 40% of the nation’s GDP. To fuel further…
Category: MSME
The Ripple Effect Of Coronavirus Across Functions In An Organisation
In early 2020, when the news of a novel virus outbreak hit the international headlines, the world couldn’t predict the intensity of the situation. Within weeks, the rapid spread and aggravation of the virus took the world by shock – countries were compelled to shut down all functions and employ nation-wide quarantine. What followed was…
7 Tips To Successfully Scale Up Your Business
Congratulations on building a successful business from scratch! Your services and products are in demand and the profit margins are good. But what next? ‘Scale-up’ of course! For any Small or Medium Enterprise (SME), the growth of their business is measured by scaling up while maintaining its profit margins. Most small businesses are in a…
Banking & Lending for MSMEs – Key Bottlenecks And Solutions
The Indian MSME sector for years had the potential to establish and emerge as one of the leading contributor for economic growth. The Government and banks have begun to realise the importance of MSMEs and are taking collective efforts to utilise their potential to the fullest. Small enterprises showed great vision around the Indian economy…
Fintech – Disrupting The Lending Status Quo For MSMEs
In today’s hyperconnected world, where everything is digitised – from ordering clothes to groceries and loans – Fintech has come a long way in establishing itself as the precursor of the monetary space. The formal financial system has underserved the SME sector that forms the crux of the Indian economy, and, as a result, only…
Alternative Lending Model: Promoting MSMEs by Bridging Credit-Gap
Cash is the key ingredient to run a business – from inception to expansion. This is especially true in the case of MSMEs (Micro, Small, and Medium Enterprises), which require a constant flow of cash to run their daily operations. However, for long, the MSME sector has been facing challenges in terms of getting loans…
How The MSME Sector Is Adding To The Nation’s Economy
The contribution of the MSME (Micro, Small, and Medium Enterprises) sector towards the socio-economic development of India cannot be stressed enough. MSMEs boast of being the second-largest job creators in the country, the reason being the generation of about 120 million employment opportunities in the nation. 30% of Indian economic output is accounted for by…
How The Liquidity Crisis Has Hit The MSME Sector
The fact that the MSME sector forms the fundamental growth driver of the nation has been repeated time and again, and for all the right reason. This sector alone accounts for 45% of the total manufacturing output and 40% of the exports. Another fact that manages to outperform the statistics above is that the MSMEs…
Updated FDI Norms — Has the E-commerce sector taken a huge blow?
For almost two decades, the guideline on Foreign Direct Investment (FDI) in the e-Commerce sector has been short and simple, “FDI in Multi-brand B2C eCommerce isn’t allowed.” The law was clear on its expectation and result — it intended to pull in more foreign investment to fortify the digital framework of the nation, ultimately enabling…
PM Modi’s MSME 1 Crore Working Capital Loan in 59 Minutes – Unveiling Diwali Gift for SME’s
Unveiling PM’s Diwali Gift For MSMEs: The Promise Of Rs 1 Crore Loan In 59 Minutes PM Modi’s loan scheme Promises Rs 1 Crore Loan In 59 Minutes to MSMEs Prime Minister Narendra Modi has announced 12 decisions which are directed towards the benefit of the country’s Micro, Small and Medium Enterprises (MSME). For a…