Hyderabad: Though the demand for loans from the SME is robust, most SMEs have a problem in accessing loans at relatively lower interest rates. However, use of technology can bridge the gap between the credit demand and the lenders and benefit the SMEs, according to Shailesh Jacob, chief executive…
Tag: Small and Medium Enterprises
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…
Banks advised to push cash flow-based lending to MSMEs
In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is “not as per expectation“, a senior government official has said. “Overall credit growth to the MSME se…
Centre tightens a noose on foreign tours on Govt subsidy
In a move to check the rising cases of misuse of Union government’s International Cooperation Scheme (ICS) by some businessmen, who avail subsidy numerous times during the year for participating in trade fairs and exhibitions in foreign countries against one-time rule under this scheme, the…
Govt enters into mission mode, revives Small Factories Bill
The Labour Ministry has revived the Small Factories Bill two years after the first draft was unveiled, as the government enters into a mission mode to improve the ease of doing business in the country. The draft Small Factories (Regulation of Employment and Conditions of Services) Bill, 2014 was …
CII to focus on Bengal SMEs to spur investment
Industry body CII said it will focus on West Bengal’s Small and Medium Enterprises, which hold the potential to change the state’s investment scenario. “CII will promote ‘Make in India’ with international and domestic roadshows. We will also focus on Bengal. SMEs hol…
RBI eases priority sector norms to boost cash flow to MSMEs
Reserve Bank has included factoring transactions under priority sector lending with an aim to increase cash flow to small and medium enterprises. “To increase liquidity support for the MSME sector, it has been decided that factoring transactions on ‘with recourse’ basis shall be…
Himachal Pradesh to soon formulate separate policy for MSMEs
Himachal Pradesh will soon formulate a separate policy for the MSMEs and all issues related to the sector will be resolved soon, Industries Minister Mukesh Agnihotri said. He was addressing a conclave of Micro, Small and Medium Enterprises on “enhancing competitiveness” organised by C…
KVIC to set Khadi stall in Parliament
The Khadi and Village Industries Commission (KVIC) is all set to tap the Members of Parliament to help take Khadi to the nook and corner of the country. Lok Sabha Speaker, Sumitra Mahajan has agreed to a request from the KVIC Chairman, V.K.Saxena, to allocate space to set up a stall within the Pa…
Product and process quality key to increase in reach and exports
Micro, Small and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors stand to gain significantly from quality products and processes. And as they focus more on quality, they see an increase in reach and customer confidence. Product and process quality key to increase in…