India is changing into an effervescent ecosystem offering fintech lending start-ups a platform to potentially grow into billion-dollar unicorns. Although relatively young at present, the sector is escalating rapidly, fueled by the large innovation-driven start-up landscape, and responsive governm…
Tag: SME
Developing a relationship with customers can be a game-changer for SMEs
Customer-centricity simply speaking means bringing customers at the centre of the enterprise and aligning strategies, decisions and actions to deepen this relationship with them over a period of time. Aligning strategies, decision and actions includes products, distribution, behaviour, business m…
Construction of MSME tech centre yet to take off in Visakhapatnam
Visakhapatnam: Even though the foundation stone for an MSME (micro, small and medium enterprises) technology centre at Pudi village near Atchuthapuram mandal in the district was laid nearly six months ago in the third week of July, construction work on the centre is yet to take off on the ground.…
MSMEs see surge in cheque & e-payments: CRISIL
Micro, Small and Medium Enterprises (MSMEs) are moving towards cheque and e-payments in a big way following the government’s move to demonetise high currency notes. As many as 41% of MSMEs said their clients have shifted to cheque or electronic payment since demonetisation, according to a n…
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
Demonetisation: MSMEs braced for more challenges ahead
Cash-dependent Micro, Small and Medium Enterprises (MSMEs) across the country have borne the brunt of the ongoing demonetisation exercise. With about 86 per cent of the currency (high denomination Rs. 500 and Rs. 1,000 bank notes) in circulation being scrapped with effect from November 9, and the…
Former Zomato VP develops tech discovery platform for SMEs
A recent study by management consulting firm Zinnov says that digital enablement is going to present a $25.8 billion opportunity for tech vendors by 2020. India is home to over 51 million small and medium enterprises (SMEs). While only 40% are influenced by technology today, that figure is expect…
Demonetisation could be a blessing in disguise for SMEs
According to Ministry of Micro, Small and Medium Enterprises, SME sector contributes 45% of the country’s industrial output, 40% of India’s exports, employs 60 million people, creates 1.3 million jobs annually and produces high quality products for the Indian and international markets…
Technology empowers SMEs realise the ‘Make in India’ dream
Small and medium enterprises may be gunning for the global markets. However, the reality in getting their systems in place before making this quantum leap, is posing its own set of challenges. Wonder Polymers is a medium-sized company that manufactures and markets a wide range of self-adhesive ta…
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…