Tag: MSMEs

Axis Bank

Axis Bank launches digital invoice discounting platform for MSMEs

To help micro, small and medium enterprises (MSMEs) and improve their quality in accessing funds, Axis Bank launched its digital invoice discounting platform, Invoicemart. Invoicemart is a digital invoice discounting platform created by A.TREDS, a joint venture of Axis Bank, India’s third-largest…

amarinder-singh

Punjab aims Rs 5 L cr investments under new industrial policy

Chandigarh:  Punjab is hopeful of attracting investments worth Rs 5 lakh crore over the next five years as the Congress-led government is in the process of drafting new industrial policy with special focus on services sector. Besides, the new industrial policy will also focus on revival of e…

Insolvency-Bankruptcy

Simpler Insolvency & Bankruptcy Code likely to soon evolve for SMEs

The Government is keen to simplify the insolvency and bankruptcy code for partnership and proprietorship firms and evolve an efficient and low-cost code for SMEs, keeping in mind the job creation capacity of the sector. Given the increasing number of corporate loan defaulters, the Insolvency and …

loan

TIIC conducts loan mela for MSMEs

Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of Rs 1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on Monday. T. Kirubakaran, General Manager, TIIC (Projects), said that the State-run fina…

The flip side of GST: Its impact on the informal economy

The markets are gung-ho about the shift to the goods and services tax (GST). One factor driving this optimism is the anticipated shift of business from small, unorganized firms in some sectors to organized ones. Since the latter are already in the formal economy, comply with regulations, are gene…