Cabinet approves ₹6,062.45 crore for MSME scheme
The new scheme for micro small and medium enterprises would commence in the financial year 2022-23.
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Facebook bets on SMEs with ₹5-50 lakh loans
The social media giant rolled out its first small business loans initiative in India to help MSMEs avail loans between ₹5 lakh and ₹50 lakh.
Let MSMEs drive India’s $5 trillion ambition
Digital MSMEs are the future. But to unleash their true potential, structural policy adjustments are needed. We need policies that promote, not hinder the use of technology for entrepreneurship.
Small firms choke as pandemic tightens grip
For several years, micro, small, and medium enterprises (MSMEs) have been vital to India's economic growth. The government has a lot of work on its shoulders to get them back on track.
Bombay Chamber’s recipe for ease of doing business
A survey conducted by the Bombay Chamber of Commerce and Industry, along with EY, has come up with suggestions to improve the ease of doing business based on feedback from MSMEs and other sectors.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
Amazon launches $250-mn fund to back startups
In the next four years, Amazon India plans to bring one million offline retailers—mostly small local shops across the country—on its online marketplace.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
Walmart bets on Uttar Pradesh’s small businesses
The global retail giant is banking on India’s large micro, small and medium enterprises (MSME) sector, and sees Uttar Pradesh as its key focus area.
Does banking need a more humane touch?
In India, financial services are still plagued with multiple challenges. A resurgent India needs greater innovation in banking, especially in customer management and retention.
