An agreement aimed at facilitating easy access to credit for the smaller units in the MSME segment has been inked by Codissia (Coimbatore District Small Industries Association), the apex association of small industries, and the Small Industries Development Bank of India (SIDBI). “This is an exclu…
Tag: SME
We have seen more demand coming in from the MSME sector | Vaibhav Pandey, Co-Founder, i2iFunding
Peer to Peer lending has been in existence in our society since time immemorial. Also known as crowdfunding, many peer-to-peer loans are unsecured personal loans. Of late, Indian e-commerce landscape has seen a number of financial services technology companies leveraging the power of the digita…
Mobile banking sees dramatic surge in India
The value of transactions concluded over smartphones surged in recent months as banks encouraged businesses to manage their finances using mobile phones and mobile usage among retail customers expanded rapidly. The value of mobile banking transactions jumped 46% to `49,029 crore in December from …
BUSY 16 launched to help SMEs grow business
Busy Infotech has launched their new version ‘BUSY 16’ specially focusing on the MSMEs with plethora of new features that includes Customer Management features like enquiries management, customer support management and other power features like scheme management (FMCG / retail), indent management…
Crowdsourcing job referrals gains popularity over traditional methods
Anandram Sarda, a chartered accountant in Hyderabad who has done his articleship from PriceWaterhouseCoopers, finds the concept of a crowdsourced referral platform far more cost effective against traditional methods for job referrals. MintMesh, a crowdsourced referral platform for jobs and servic…
Local logistics companies gain popularity in smaller cities
Intra-city logistics solutions providers are a growing tribe in tier II and III cities as traffic problems force the, municipality to oppose entry of heavy vehicles. Additionally, burgeoning e-commerce deliveries and a demand-supply lapse in the unorganised ‘tempo’ segment is helping …
Askme Group to help arrange Rs 1,000 crore of loans for 10,000 SMEs
The Askme Group will help arrange Rs 1,000 crore of loans for 10,000 online and offline small and medium enterprises that are listed on its platforms and directories by the end of financial year 2017. The finance arm of the group, Askme-Fin, has tied up with non-bank finance companies, banks and …
PHD Chamber & Avian Media mull over skill enhancement for MSMEs
The Micro, Small and Medium Enterprises (MSME) sector, considered a key player in the Make in India campaign, needs more funds and ‘hand-holding’ for greater Information and Communication Technology (ICT) push and skill enhancement, say a joint study by PHD Chamber and Avian Media. According to t…
Revival of MSMEs by RBI applauded by FICCI-Confederation
Micro, Small and Medium Enterprises (MSMEs), including Khadi and Village/ Rural Enterprises, play a significant role in the economic growth of the country owing to their contribution to production, exports and employment. The sector has slowly come into the limelight, due to the increased focus f…
Retail participation on SME platforms overwhelming | WFE Study
Most stock exchanges with dedicated platforms for small and medium enterprises, including top bourse BSE, are seeing overwhelming retail participation in SME stocks, a report said. According to a study by World Federation of Exchanges (WFE), retail investors dominate the BSE SME market, with most…