By K R Sudhamaan Inflation and frequent spurt in prices have created problems in defining what constituted micro, small and medium enterprises in the country. This is an issues that comes to the fore periodically, particularly government goes for new census on MSME in the country. Several econom…
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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…
SMEs to drive ‘Make In India’ in defence
It is imperative for Indian SMEs to integrate themselves into the supply chains of national and international defence majors to reduce dependence on foreign supplies and gain a foothold in the international market, Union MSME Minister Kalraj Mishra said today. “India, till the recent past, …
New rating scheme mooted for MSME | Anup Pujari | MSME Secretary
A new rating scheme called ZED Maturity Assessment model is being worked by government for small and medium enterprises, official sources have said. The scheme is aimed at aligning micro, small and medium enterprises with global standards by offering support through Quality Council of India. MSME…
With exports hit this year, SMEs are looking at domestic market
With western market taking a hit, small and medium scale entrepreneurs have started looking to focus on domestic market and other Asian countries. “This year 30-40 per cent of our orders are from domestic market. Export market has become some sort of congested. We have to face a lot of comp…
Cluster development programme for pharma sector
The Government has announced a central sector scheme titled ‘Cluster Development Programme for Pharma Sector (CDP-PS)’. The scheme would be implemented on a Public Private Partnership format through one time grant-in-aid to be released in various phases for creation of identified infrastructure a…
SME pharma firms’ request on bar coding
Government is considering the request from the small and medium sized pharma firms regarding the difficulties faced by them on barcoding on labels. During consultations with industry stakeholders about implementation of bar-coding, “some small and medium size companies represented that they…
Less than 10 per cent MSMEs selected from Gujarat under ‘Make in India’
Gujarat, got only four out of the 25 lakh MSMEs selected under flagship programme ‘Make in India’. This accounts for less than 10 per cent of the 57 MSMEs across India which got Rs 106.30 crore as a boost to the sector. Rajasthan, Haryana and Tamil Nadu have got more share in MSMEs fu…
Online wholesalers see better margins in B2B than B2C
Online wholesale suppliers have come up to cater to firms selling grocery to stationery and unbranded products, addressing increasing demand from small traders to institutional players who seek procurement efficiency and convenience, cost saving and financial hygiene. In return, these business-to…
Indian e-commerce platforms help SMEs to get easy loans
E-commerce marketplaces such as Snapdeal, Paytm, AskmeBazaar and Flipkart are using transaction data of thousands of vendors on their platforms to help them raise working capital through tie-ups with banks and financial service firms. The e-marketplaces use tools to crunch data on the trading his…