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 …
Tag: MSME
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…
Nasik MSMEs seek five per cent cut in power tariff
Nashik-based Micro, Small and Medium Enterprises (MSMEs) want the state government to make it mandatory for its agencies to procure 20% of the goods or spare parts from them. They have also asked the government to reduce power tariff for industries by 5%. The industries have raised expectations a…
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
Minimum import price hurting exports and MSME units | S C Ralhan, President, FIEO
S C Ralhan, President, FIEO said that exporters are already working on low margins and facing cut-throat competition besides huge volatility in currency. The imposition of minimum import price resulting in increase in steel prices by 15% has further blunted the competitive edge of Indian engineer…
Rs. 3000 Cr allocation for MSME sector in Budget 2016; a clear indication of ‘Small is Big’
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. While they provide critical depth to both manufacturing and service sectors, they also foster entrepreneurship and of course generate substantial employment. A number o…
Paytm targets seller base of 5 lakh by FY17-end
Mobile payments firm Paytm said it will increase seller base on its online marketplace multi-fold to 500,000 by the end of next financial year. The company has 100,000 sellers on its marketplace that offers a host of buying options to consumers. “Our target is to increase our seller base fr…
Real-time school bus tracker AppAlert raises Rs 6 Crore in seed funding
Gurgaon-based maker of AppAlert, a mobile-based, real-time school bus tracking system has raised more than Rs 6 crore in a seed round from an angel investor to launch a cloud-based solution. The app allows real-time tracking of school buses which exceeds the GPS compliance requirement by the Cent…
Startup conference Whatnext 2016 in Ahmedabad
Icreate, an autonomous start up support institution will organize a one day event – Whatnext 2016 that will bring together a variety of opinion leaders, policy designers, successful entrepreneurs, academicians and leading investors to share the experiences and their vision in creation of a …