Private sector general insurer, Bharti AXA General Insurance (BAGI) is planning to launch products focussed on women in Small and Medium Enterprises (SMEs), a top company official said. “At Bharti AXA General Insurance, we are planning to launch products which will be focussed on women in S…
Tag: SME
Food processing sector gets 5.5k new entrepreneurs across 23 states
Entrepreneurship Development Institute of India (EDII), an acknowledged national resource Institute for Entrepreneurship Education, Research, Training and Institution Building, has created 5,500 entrepreneurs in the food processing sector across 23 states. Through its Entrepreneurship Development…
Undue fees can be the real barrier for start-ups: Google’s Kent Walker
The government should take a more studied step while imposing additional levies, especially on startups, said Kent Walker, Senior VP, Google. He said since margins for small businesses are thin, the imposition of “undue” fees can be a real barrier for them. His comments come at a time when the go…
Capital Float aims to deep dive into the $500 bn SME lending market
Gaurav Hinduja and Sashank Rishyasringa hardly came from the domain they were trying to revolutionise – online lending. “But we were both excited to come back to India to start a business which did three things – had an impact on the environment for entrepreneurs within the country, leveraged tec…
Demonetisation Effect: Agra leather industry facing hard times
The leather industry in city has been hit hard by the government’s sudden withdrawal of high-value currency with labourers not getting their wages and manufacturers having no money to buy raw material. Prime Minister Narendra Modi dropped a bombshell on November 8 by abolishing Rs. 500 and Rs. …
Digitization is the prime game changer for SMEs: Tata Teleservices SME Head
India’s enterprise sector has grown exponentially over the last decade. And, according to reports, Small and Medium Businesses (SMEs) contribute approximately 45 percent of the entire industrial output of the country, and also provide employment to more than 40 percent of the Indian population. C…
Lendingkart Finance expands to 462 cities, aims to cover 10k SMEs
Lendingkart Finance, the NBFC (non-banking finance company) of Lendingkart Group, a leading online platform that facilitates SMEs (small and medium enterprises) to obtain working capital loans, has expanded its reach to 462 cities across the country. Disbursing over 6,500 loans in small towns and…
Weave in India: Home textile market can outperform China in coming years
Thanking the Centre for extending a special package to Made-ups sector, Indian Texpreneurs Federation (ITF), a textile industry body in the region today said with estimated size of $96 Billion of global home textile market, India can outperform China in the coming years with this support measure.…
Govt mulls hiking withdrawal limit for MSMEs
The Micro, Small and Medium Enterprises (MSME) Ministry will seek from the Finance Ministry higher withdrawal limit of Rs2 lakh per week for small and medium enterprises to ease their cash crunch that has followed the government’s demonetisation of high value currency notes. “We are having a disc…
New India Assurance to focus on SME, retail segments: CMD
New India Assurance will focus on the largely untapped retail, SME and personal line segments, its Chairman and Managing Director G Srinivasan said. Speaking on the sidelines of an event in Coimbatore, he told that there were over 48 million small and medium enterprises (SMEs) in the country and …