In a significant development today, Babajob.com, India’s largest on-line job marketplace for the informal sector, was identified as a member of the SME India Council set up by Facebook in Asia-Pacific today. Facebook, which has over two million Indian Small and Medium Businesses (SMBs) on i…
Tag: SME
Reliance Capital to increase exposure to SMEs | K V Srinivasan
Reliance Home Finance, the mortgage subsidiary of Reliance Capital, plans to increase its Assets Under Management (AUM) from Rs 6,500 crore to Rs 50,000 crore in five years, most of which will come from disbursing loans to self-employed customers. The company also plans to issue masala bonds, or …
Aditya Birla Finance to fund SMEs | Rakesh Singh, CEO, Aditya Birla Finance
Aditya Birla Finance, a non-banking finance company (NBFC), will foray into unsecured lending with personal loan and business loan segments from January. “We want to focus on personal loans and business loans to SMEs (small and medium sector enterprises). Granular business will be our focus. We w…
SME Matters | Time to celebrate & enable small!
Size does matter! Size brings scale and scale generally brings growth and profitability. This economic maxim is not only time tested and trusted but universally lauded. There, however, are other well bred but grossly ignored truths that define the handsome strides made by the Indian economy in re…
NRIs may emerge as key source of funding for socially-relevant solar sector | Biju Balakrishnan, CEO, Def Mart
Right from the word ‘Go’, it has been a Mission-Driven company. And the trigger was not that difficult to understand. Couple of aspiring entrepreneurs—all with army background came together and naturally wanted to contribute back to the society. And they wanted to do it by way of creating brands …
October 2015 IIP numbers indicates pick up in SMEs
India’s factory output grew sharply at 9.8 percent in October, mainly due to a robust 10.6-percent growth in the manufacturing industry; nearly half of it came from MSME sector. The latest monthly government data showed the growth decelerated to 3.84 percent in the month before and was plac…
Fintech start-ups to provide capital to SMEs
New entrepreneurs and small enterprises, which have typically been locked out of the financial system and ignored by big banks and other financial institutions, have found solace in a breed of new financial technology start-ups. In the last 12-18 months, about three dozen start-ups such as Indifi…
Indian e-commerce platforms help SMEs to get easy loans
E-commerce marketplaces such as Snapdeal, Paytm, AskmeBazaar and Flipkart are using transaction data of thousands of vendors on their platforms to help them raise working capital through tie-ups with banks and financial service firms. The e-marketplaces use tools to crunch data on the trading his…
Technology edge to enable SMEs compete with big boys
According to the study by Greyhound Research commissioned by technology firm EMC India, technology is helping start-ups deliver unique and personalised experiences compared to mid and large-sized enterprises. It also said, “Business agility is the key business attribute that is allowing sta…
Big corporate NPAs impacting credit to SMEs
Banks have squeezed their lending to micro, small and medium sector enterprises (MSMEs) as the spillover from the bad loans of large corporates continue to haunt their balance sheets. According to the monthly sectoral loan deployment data by the Reserve Bank of India, outstanding credit to medium…