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Tuesday, December 3, 2024

MSME

MSME Payment Rule Under Review: Finance Ministry Contemplates Delay

The Finance Ministry is deliberating a potential deferment of an MSME payment Rule 43B (h) under the Income Tax Act, which mandates payments to MSMEs within 45 days. This amendment, introduced via the Finance Act of 2023, aims to...

45-Day Payment Rule for MSMEs: Concerns Raised

The finance ministry is deliberating over potential adjustments to the new income tax rule mandating business enterprises to settle payments to micro, small, and medium enterprises (MSMEs) within 45 days. Concerns have been raised from various quarters, with some...

MSME Loan Originations Surge Amid Economic Growth

A recent report from TransUnion CIBIL and Small Industries Development Bank of India has unveiled a significant uptick in MSME loan origination volumes to Micro, Small, and Medium-sized Enterprises, registering a notable 20% year-on-year growth in the July-September period...

Mahindra Finance Partners with Lendingkart for SME Lending Initiative

Mahindra Group's non-banking financial company (NBFC), Mahindra & Mahindra Financial Services (Mahindra Finance), has stepped into the co-lending market for the small and medium enterprise (SME) sector through a strategic partnership with digital MSME lender Lendingkart. This collaboration aims...

Women Entrepreneurship: GAME & MAVIM in Maharashtra

Maharashtra, February 6, 2024: Global Alliance for Mass Entrepreneurship (GAME) and Mahila Arthik Vikas Mahamandal (MAVIM) have announced a strategic collaboration aimed at fostering women's entrepreneurship in Maharashtra. This partnership, under the Maharashtra State Entrepreneurship Mission (MSEM), is designed...

MSMEs in India: Paving the Way Through Credit Challenges

Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in the economic growth and employment generation in India. They contribute significantly to the country's GDP and provide employment opportunities to millions.  However, despite their vital role, MSMEs often face...

Small Business Success Stories: Lessons from Seasoned Entrepreneurs

India's SME (Small and Medium Enterprises) landscape is a dynamic ecosystem where entrepreneurs navigate challenges, carve niches, and redefine success. In the ever-evolving business world, the stories of small business success stories offer valuable lessons for aspirants and veterans...

The Merits of an International MSME Alliance

In today's globalized world, Micro, Small, and Medium-sized Enterprises (MSMEs) play a pivotal role in driving economic growth, fostering innovation, and creating employment opportunities. Recognizing the importance of these enterprises, the international community celebrates International MSME Day every year...

MSMEs in India: Growth, Performance, and Influential Factors

In the vast canvas of India's economy, there exists a dynamic and vital force known as Micro, Small, and Medium Enterprises (MSMEs). These small but mighty entities are the unsung heroes of the nation's economic story, driving growth, creating...

Doodle Mapuls: Architect-Artists Shaping Street Style Art

Unraveling the Artistic Journey of Doodle Mapuls Introduction: The beauty of art lies in its ability to speak where words fail. And when we dive into the world of Doodle Mapuls, we witness art that isn't just aesthetically pleasing but...

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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....