Chennai: A small and medium enterprise may be beset by typical problems: inability to scale up, finding capital, hiring top-draw talent and building skills, among others. What if the SME had the expertise of the faculty of one of the world’s top business schools who can provide strategic business…
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Odisha presents MSME report card; 1,43,012 enterprises established with investment of Rs 8075 cr
In order to fast-track project clearance for MSMEs, district level single window clearance authority (DLSWCA) and district level facilitation cell (DLFC) were set up in all the districts in 2014-15, Samal said and added that the DLSWCAs have so far cleared 321 projects with proposed investment of…
Digitally engaged SMBs grow twice in comparison to offline: Google-KPMG study
Chandigarh: To empower small and medium businesses, Google India showcased a range of programs and products for the SMBs through which they can leverage the power of internet and technology to become successful. At an event held in the city on May 25, Google announced the North region winners of …
GST: Here’s how it will help your start-up
The long awaited constitutional amendment to Goods and Services Tax (GST) at last observes the light of the day. The GST bill has finally been passed in the Rajya Sabha and the nation is hoping to usher in this revolutionary move in the way indirect taxes are calculated. It is esteemed to benefit…
NASSCOM forms its first SME exclusive Council
The National Association of Software and Services companies, the country’s apex body of IT and Business Process Management, has formed an exclusive SME Council for the first time and elected Kamal Agarwala as the chairman of its first SME Council for 2017-19. The SME Council has been formed…
PayPal & Village Capital expand partnership to globally “democratize” access to financing for SMEs
From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic markets, however, is how small businesses can gain that access. For some, it’s through their traditional banks. For others, underbanked markets need FinTech innova…
Redefining start-ups: Scalable non-tech businesses too eligible for recognition now
Entities having a scaleable business model, which has a ‘high’ potential of employment generation or wealth creation, can now be eligible for recognition as a start-up. Earlier, only if the activities of an entity were innovative and driven by technology or intellectual property could…
GST: This is how you will file tax returns from July 1
Small businesses are the backbone of Indian economics. They drive the velocity of country’s economics, industrial growth, and catalyst for job creation. However, a large number of businesses in the country are unorganized and irregular in filing returns and paying taxes. This could be due t…
MSME financing start-up Aye Finance raises $8 m from Blue Orchard
Non-banking finance company (NBFC), Aye Finance has raised $8 million from Blue Orchard, a leading global impact investment manager. The funds were raised through NCDs (non-convertible debentures) with a maturity period of five years. Aye Finance says it is committed to transforming micro and sma…
Foreign Trade Policy review: Commerce dept seeks sops for small exporters
New Delhi: The Commerce Department is expected to push for higher interest subsidy and a wider export credit insurance as it seeks to make life easier for small exporters. As part of review of the Foreign Trade Policy, the department is also seeking to widen services basket and make it more attra…