Units that begin their lives in the Micro, Small and Medium Enterprise (MSME) sector must want to grow up and leave the nursery one day. If they forever remain small that would defeat the purpose of supporting them in the first place. Yet most of them live and die trailing a toy truck without rea…
Tag: SIDBI
Fund-of-Funds: 17 VC firms sanctioned Rs 623.50 cr from govt start-up fund
New Delhi: Since its launch in January 2016, the government’s Rs 10,000 crore Fund-of-Funds for start-ups has faced a few too many brickbats. Up until last month, the conditions for raising capital from the Rs 10,000 crore Fund-of-Funds, which was meant to invest in local venture capital (VC) fun…
70% of India’s small, mid-sized firms yet to start GST preparations
About 70% of the country’s small and mid-sized firms are yet to begin preparations to get synced with the goods and services tax (GST) structure even as the country prepares to roll out the biggest indirect tax reform from July 1. Consulting major KPMG and the Federation of Small Medium Enterpris…
TReDS: How the system meant to help MSMEs get capital works
The Reserve Bank of India (RBI) has allowed three players to launch Trade Receivables Discounting System (TReDS) — a digital platform where small businesses (MSMEs) can get access to capital by auctioning their trade receivables. Here is a detailed explanation of the concept of TReDs: Q: What is …
‘Allow anchor investors in SME IPOs’
Investment bankers want the Securities and Exchange Board of India (SEBI) to allow anchor investors in public issues of small and medium enterprises (SMEs) while also enhancing the upper limit for paid-up capital of such companies to allow relatively larger firms to enter the capital market while…
BSE SME Head bats for equity funding at IIA Noida forum on new avenues for raising finance
April 07, 2017 | Access to finance is the most important factor for the growth of any SME and Bank loans is the most common source of finance. While bank financing will continue to be crucial for the SME sector, new options like equity financing is slowly but surely finding its way amongst SMEs. …
IIA नोएडा ने SME फाइनेंस पर किया सेमिनार, बीएसई एसएमई हेड ने लिस्टिंग को बताया जरूरी
इंडियन इंडस्ट्री एसोसिएशन (आईआईए) ने एसएमई के लिए फंड का विस्तार करने और फण्ड रेजिंग के नए रास्ते बताने के उद्देश्य से नोएडा में एक समारोह का आयोजन किया। समारोह का मुख्य उद्देश्य नोएडा की एसएमई इकाइयों की फंड संबधी समस्याओं पर चर्चा और उनका निदान करना था। समारोह के मुख्य अतिथि नोएडा के नव [&helli…
Small finance bank RGVN to raise $20 mn from IFC
RGVN, one of the 10 recipients of the small finance bank (SFB) license, will raise around $20 million (approximately Rs 130 crore) from the International Finance Corporation (IFC). IFC, the World Bank’s investment arm, said that it would invest up to $20 million in RGVN in the form of a sen…
Start-ups to get more money as Cabinet gives nod to Rs 1k cr fund
The Union Cabinet chaired by Prime Minister Narendra Modi on March 22 approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year. According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at le…
Move afoot to ease norms for VC funding in start-ups
New Delhi: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups and relax the definition of a startup to include older biotechnology and medical device companies. The DIPP has suggested these changes be incorporat…