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...
MSMEs are growing and contributing to the immense growth in respect to the financials of our country and to grow further and establish their sound footing MSME’s require funding and financial assistance.
The Government of India has taken many steps...
Retail and wholesale traders and Wholesalers tops the list in MSME sector
based on the number of registrations on the Udyam portal.
The data as of February 2, 2023, out of around 1.38 crore Udyam-registered
MSMEs in the top 10 categories contributed...
Challenges faced by the Indian MSMEs
For the Indian economy with a population of 1.3 billion and the highest demographic dividend, the MSME sector is undeniably a crucial job provider but the challenges facing Indian MSMEs impede their growth. The...
MSME sector is an account for greater than 80 percent of the overall commercial organizations, employs an anticipated 117 million workers, and makes contributions greater than 40 percent to manufacturing output and exports, according to a report of the...
In an offer to address the concerns of SMEs over delayed payments that make genuine income challenges for them, the Narendra Modi-drove government is thinking about to make it obligatory for all organizations to uncover their dues to MSMEs...
MSMEs frame an essential segment of the Indian economy and contribute fundamentally to the nation's industrial output, GDP, exports, employment generation and so forth. Considering the significance of MSMEs in the Indian economy, it is viewed as vital at...
As per reports, NBFCs have continued payment of existing loans and notwithstanding endorsing fresh credit to their clients as their liquidity position has enhanced as of late with mutual funds continuing loaning to these organizations.
NBFCs like Dewan Housing Finance...
For SMEs, India availing funding is the hardest task and most of them depend on traditional bank loans to handle their business. A worldwide review by American Express underlines that 42% of Indian respondents discover access to funding to...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
