A joint study by CRISIL and ASSOCHAM of 12,000 CRISIL rated micro enterprises, having a turnover of less than Rs 1 crore each, has found that access to institutional finance remains the biggest hurdle to growth for this segment. With access to institutional finance for meeting working capital nee…
Companies, Finance & Markets
BSE SME index drops 8.59 points
The BSE SME index dropped to 776.41 points on Friday, a fall of 8.59 points over Thursday’s close. The drop in the BSE SME index synchronized with the fall 208 point drop in the sensitive index on the back of a institutional selling. The selling was also partly triggered by the statements a…
Fintech start-ups to provide capital to SMEs
New entrepreneurs and small enterprises, which have typically been locked out of the financial system and ignored by big banks and other financial institutions, have found solace in a breed of new financial technology start-ups. In the last 12-18 months, about three dozen start-ups such as Indifi…
US-based Science Inc to invest in Indian start-ups
Santa Monica, California head quartered, Science Inc is launching a $20-million ( Rs. 132 crore) venture capital fund to invest in early-stage Indian start-ups. The Science India Fund, which will be announced in January, aims to provide $1 million each to 20 Indian start-ups who have “awesome ide…
Succession @ SMEs: Family business may not always be preferred
Big industrial magnates have the luxury to expect that their sons and daughters will join their companies at some point of time. But not so generally in case of SMEs owners. Offspring of small and medium scale industrial units seldom go to big colleges to earn their degrees, but rarely back to th…
The S&P BSE SME index less prone to volatality
The BSE SME index on Tuesday retreated to 756.20 points a drop of 14.45 points from Monday’s close of 770.65 in tandem with the prevailing sentiments in the equity markets. Equity markets have been overwhelmed by uncertainty as evident from the nearly 220 basis points drop in the BSE sensitive in…
Rs 42,000 crore disbursed under MUDRA | Jayant Sinha
The government is taking steps to provide the required credit to the MSME sector even as Rs 42,000 crore have been disbursed under the Pradhan Mantri Mudra Yojana alone, Minister of State for Finance Jayant Sinha told Lok Sabha. Around 66 lakh people have benefitted so far from the Yojana under …
AskmePay offers financing options to SMEs
AskmePay, the payment initiative by AskMe group, has announced the rollout of a wide portfolio of financing options to the SMEs with the launch of its new programme ‘AskmeFin’. This is in line with the group’s ‘Grow with Us’ campaign launched earlier this month and i…
Exclusive | Credit Guarantee Fund soon for MSME
Government will soon set up of a credit guarantee fund for the SME sector, a government official told SMEpost.com on Friday. The fund will have a Rs 20,000 crore corpus, which will help in refinancing commercial banks for their lending to SME sector. There may be small service charge, which banks…
Navigant Corporate Advisors Opens its 8.5 lakh shares public issue for subscription
It ams to raise Rs 1.19 crore through this issue at a price of Rs 14 apiece. It is an offer for sale issue by Sarthak Vijlani, says the merchant banker and advisory firm in its prospectus filed with the SEBI. After the issue, promoter Sarthak Vijlani will reduce its shareholding in the company to…