A survey conducted across 540 SMEs by the Firstbiz and Greyhound Knowledge Group in 2016 reports, that over 500 SMEs in this country found ‘lack of easy finance and credit instruments’ to be their most critical challenge.
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Tag: SME
Mudra loans set to top Rs 2L cr in FY18; WB, TN, Bihar biggest recipients
Nearly four million small entrepreneurs, involved in diverse businesses ranging from neighbourhood grocery stores to micro dairy units and carpentry services, availed loans up to Rs 10 lakh in 2016-17 through the scheme.
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New India Assurance to launch 500 insurance policies for export SMEs & start-ups
Leading global insurance company New India Assurance is about to launch a special insurance cover for export-focused SMEs and start-ups. The company is said to issue 500 policies on ATA Carnet, an international level acceptable custom certificate, in 2017, a company official said. While addressin…
ITPO laces up to organise India International Footwear Fair 2017
India Trade Promotion Organization (ITPO) is all set to organise India International Footwear Fair (IIFF) 2017 from 4th to 6th August at Pragati Maidan in New Delhi. The fair aims to make the buyers experience the emergence of technology in the industry and introduce new opportunities to the Indi…
Will GST be a long-term pain for SMEs?
Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…
SME IPOs raise whopping Rs 660 cr in first half itself of 2017
Small and medium enterprises (SMEs) have raised a staggering Rs 660 crore through initial public offerings (IPOs) in the first half of 2017, more than three-fold jump from the preceding year’s same period. The huge fund-raising can be attributed to reforms and initiatives taken by the government …
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 …
Why innovation is the new SME growth stimulator
Small and medium enterprises (SMEs) need to implement policies that encourage innovation.
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SME lending to get a boost at Yes Bank with $150 m investment from OPIC
India’s fourth largest private sector bank – Yes Bank – has received another round of $150 million funding from US government and Wells Fargo to fund small and medium enterprises (SME) lending. Overseas Private Investment Corporation (OPIC) will provide $75 million in financing to Yes Bank and up…
Maharashtra signs MoU with Walmart to setup modern wholesale cash & carry stores
Walmart and Government of Maharashtra, in the presence of Chief Minister Devendra Fadnavis, have signed a memorandum of understanding (MoU) for 15 modern wholesale cash and carry stores in the state. This wholesale cash and carry stores by Walmart will in bring investment of up to Rs 900 crore an…