Online B2B marketplace Tolexo has introduced pre-approved credit for its SME customers. The company has tied up with Arthashastra Fintech to provide the credit facility to its customers. Brijesh Agrawal, CEO, Tolexo said, “The unique payment solution will also facilitate the buyers by featu…
Tag: SME
Simplify factory inspections for ‘ease of doing business’: CII
The factory inspection system needs a complete overhaul to bring India among the top 50 countries in terms of ‘ease of doing business’ in the next two years, according to the Confederation of Indian Industries (CII). India is currently placed at 130 out of 189 countries in the ‘ease of doing busi…
SBI aims at a minimum 12% SME loan growth
State Bank of India BSE – 0.55 %, the country’s largest lender, looks to grow loans to small and medium enterprises by at least 10-12% this year with gradual improvement of their order book position and cash flows while the corporate sector continues to be under stress. Last fi…
‘Startup Chhattisgarh’ launched for boosting entrepreneurship
To give a fillip to Prime Minister’s vision of Startup India, the state government launched ‘Start-up Chhattisgarh’ initiative here to foster entrepreneurship and promote innovation. “Youths have no dearth of ideas. Lots of creative ideas take shape in their mind. They should co…
Lending market in India – rise of the fintech industry !
It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. Over 51.1 million SME units across the country contribute to about 37% of India’s manufacturing output. The industry also contributes around 7% of the manufa…
Two SMEs to hit capital markets
Two companies, Crown Lifter and Husys Consulting, are coming out with their initial share sale today i.e September 9 to raise around Rs 11 crore. These firms will get listed on the NSE’s Small and Medium Enterprises platform. The Initial Public Offerings (IPOs) of Crown Lifter and Husys Con…
SMEs raise Rs 185 cr through IPOs in FY’17
Riding on upbeat market sentiment, as many as 23 Small and Medium Enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal. In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). “Indi…
President gives nod to GST Bill; 60 days’ countdown to GST Council begins
Turning years of wait into reality, the Constitutional Amendment Bill on Goods and Services Tax (GST) received Presidential assent on September 9 and turned into a law. The consent has moved the government a step closer to do away with indirect taxes. Next on agenda is formulation of the GST Coun…
Funds crunch crippling marketing avenues for MSMEs
The most common issues faced by Micro, Small and Medium Enterprises (MSMEs) are an acute dearth of easy finances and information on emerging markets. They are often unable to tap the markets because of lack of resources and a sound marketing techniques and infrastructure. They are also financiall…
Industrybuying, Capital Float tie-up for credit offering to SMEs in India
India’s leading B2B e-commerce startup Industrybuying has joined hands with Capital Float, the largest digital lending platform in the country, to offer a unique credit solution called ‘Pay Later’ to businesses across India. This cutting-edge loan product enables SMEs to procure industrial produc…