To ease up financing requirements for the micro small and medium enterprises (MSMEs), lenders are looking at a proposal to attach moveable properties such as existing inventories too as collateral. At present only immovable assets such as real estate are taken as guarantee. If a proposal is accep…
Tag: MSME
Indonesia Telecom firm XL Axiata to invest in Digibiz SME platform
Indonesia telecom firm PT XL Axiata Tbk (EXCL) is setting up a business solutions platform, DigiBiz, to help small and medium enterprises (SMEs) to strengthen their marketing initiatives and grow their businesses. DigiBiz platform is a mobile app that aims to enable SMEs to share information abou…
Shriram Transport Finance to offer SME loans
Shriram Transport Finance has opened a new avenue for growth by financing smaller business needs of its old and loyal customers. It has entered into SME loans segment six months ago. The non banking finance company expects about 10 per cent of its existing customer base of two million to boost it…
Govt protection to steel cost SMEs dearly | EEPC India
Massive price protection to the mega steel corporations through 20 per cent safeguard duty has dealt a severe blow to a large number of small and medium enterprises in a host of user industries which are forced to pay much higher price for the basic raw material and have become un-competitive in …
Rs 42,000 crore disbursed under MUDRA | Jayant Sinha
The government is taking steps to provide the required credit to the MSME sector even as Rs 42,000 crore have been disbursed under the Pradhan Mantri Mudra Yojana alone, Minister of State for Finance Jayant Sinha told Lok Sabha. Around 66 lakh people have benefitted so far from the Yojana under …
Haryana MSMEs win most national awards
Industrial units of Haryana have bagged maximum national awards in the categories of micro, small and medium (MSME) enterprises announced by the Central government. State industries minister Capt. Abhimanyu said that it is a big achievement for Haryana as out of the total 37 national awards annou…
‘Make in India’ should be ‘Made by India’
The Next Wave’, Make in India provided the right platform for SMEs in the country to foster indigenous manufacturing in a bid to boost economic growth, Lord Kumar Bhattacharya, Chairman, Warwick Manufacturing Group, said at a CII conclave. India’s future should be to lead global innovation and it…
Facebook sets up SME Council in India
Social media giant Facebook, which has over two million Indian small and medium businesses (SMBs) on its platform, has set up a SME Council to h#elp small ventures from various industries share feedback and discuss ideas around leveraging technology to grow their enterprise. This is the second SM…
Funding not big issue for SMEs | Pronab Sen, Chairman, NSC
More than finance, skilling is a major problem of MSMEs, which gives on the job training to lakhs of people, only to be poached by large companies. Renowned economist and National Statistical Commission Chairman Pronab Sen in a wide-ranging interview to Smepost.com Editor K R Sudhaman shares the…
Over 5 lakh sick units in MSME sector as of March 2015 | Giriraj Singh
As per provisional data compiled by the Reserve Bank of India (RBI) the number of sick micro, small and medium enterprises (MSMEs) in March, 2015 was 5, 37, 286. This was informed by the Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh in a written reply to a question in Lok …