Prolonged slowdown in the corporate sector and the rising bad loans has forced banks to squeeze funding to Micro, Small and Medium Enterprises. As a result these small businesses are increasingly turning to online platforms to raise funds. These online portals works in the space of peer-to-peer l…
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RBI revises rules for resolution of stressed MSME loans
The Reserve Bank of India on March 17 revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committees to resolve stressed loans to Micro, Small and Medium Enterprises (MSMEs). “In order to enable faster resolution of stress in an MSME …
Amazon’s tatkal service for SMBs
Amazon has introduced Amazon Tatkal, an initiative aimed at transforming the way SMBs sell their products online. Rohit Kulkarni, Senior Manager (New Initiatives), Amazon India, said discussions with SMBs revealed high level of interest in getting online, but perception barriers of the process an…
DR. Sangam Kurade re – elected FISME president for 2016-17
The Central Executive Committee of Federation of Indian Micro and Small & Medium Enterprises (FISME) has unanimously re-elected Dr. Sangam Kurade as President for the year 2016-17 during the executive meeting held in New Delhi on March 15. A reputed food technologist and the promoter of a suc…
Centre plans regulator to set standards for manufacturing exports
To help exporters overcome non-tariff barriers and technical hurdles of certain importing countries, the Centre will soon come out with a legal framework that will define, codify and regulate standards for export of manufactured goods. The Centre is currently preparing draft regulations for “the …
MSwipe bets on SMEs for expansion
Mumbai-based mobile PoS player MSwipe, which competes with EzeTap and iKaaz among others, is betting on the varied lot of SMEs for expansion. Currently, the PoS player claims to work with banks like Axis Bank, Ratnakar Bank, Corporation Bank and others and caters to more than 75,000 merchants inc…
“First Home of India Handloom Brand Products” exhibition cum sale inaugurated
“I want to take India Handloom Brand to the entire country. In order to make handloom products more popular in the current scenario, it becomes imperative to produce good quality, defect-free handloom fabrics with good colour-fastness that do not contain harmful dyes. There is also a need t…
KVIC in for enhancing its market share to 5% in next 2-3 years | CEO Arun Kumar Jha
Khadi & Village Industries Commission (KVIC) which currently handles a business turnover of about Rs.30,000 crores has set for itself a modest target of increasing its market share in KVIC promoted products from existing 1% to 5% in next 2-3 years, given their market demand in view of enhance…
New RSS uniform | Khadi body looks at securing Rs. 1,000 crore business
The change in uniform announced by Rashtriya Swayamsevak Sangh (RSS), from khaki knickers to brown trousers, may also transform the fortunes of lakhs of khadi weavers. Khadi Village and Industries Commission (KVIC), a statutory body tasked with its promotion, among other things, has formally init…
Odisha aims to create 4 lakh jobs in MSME sector
The Odisha government has set a target of creating 1.5 lakh MSME units with an employment potential of more than four lakh jobs within the next five years, said Governor S.C. Jamir on Tuesday. “As of now, more than 1.60 lakh MSME units have been established in our state with an investment o…