Venture debt is increasingly becoming a fairly common component of funding rounds in India. The thesis for venture debt in mature markets is largely centred on intellectual property-driven tech companies, mostly having patents, which can be easily monetized. But this is rarely the case in India. …
Tag: MSMEs
Focus on MSMEs for creation of jobs, says CEO of KPMG India
As India looks to grow at over 7% in the next two years, it will have to focus on sectors like tourism, retail, textile, leather and construction to create more jobs, said Richard Rekhy, Chief Executive Officer of KPMG India. As per government data, only 1,35,000 jobs were created till October la…
For MSMEs, legal constitution can lead to customer stability, faster growth
Micro, Small and Medium Enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership). CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. …
‘MSMEs feel cash pain, need Rs 5.15 lakh crore in near term’
Highlighting the financial crunch faced by MSMEs, a report has pegged the total credit demand for the sector at Rs 45 lakh crore over the medium term while Rs 5.15 lakh crore needs to be mobilised for the near term. “Crisil estimates show Rs 11.37 lakh crore is only a quarter of the total f…
MSMEs fail to benefit from IC Scheme
In order to avail subsidised foreign trips under the International Cooperation (IC) Scheme, industrialists are becoming members of various organisations and misuse of the scheme goes unchecked. Under the scheme, the government gives 100 per cent subsidy on air fare and the leader of the group als…
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar, AO-in-C (Maintenance), IAF emphasized, articulating that MSMEs should progress with defence indigenization programme with increased Research & Development (R&D) having innova…
Banks unaware of SME issues, says Nirmala Sitharaman
After pitching for a two per cent cut in RBI’s interest rate, Commerce Minister Nirmala Sitharaman has said banks have not sufficiently understood the problems faced by Small and Medium Enterprises (SMEs), especially those related to high credit costs. Responding to Twitterati on the issue,…
Sitharaman pitches for cut in repo rate to help MSMEs
Making a strong case for providing medium & small manufacturers and exporters with cheaper credit, Commerce and Industry Minister Nirmala Sitharaman on August 24 pitched for a cut in the repo rate by as much as 200 basis points to help the cash-starved Micro, Small and Medium Enterprises (MSM…
NSIC & Rubique to create interface for ease of credit facilitation
Rubique, the one-stop online marketplace providing technology enabled end-to-end solution to financing needs of MSMEs, has signed an agreement with National Small Industries Corporation Limited (NSIC) in which both will create an interface which will ease credit facilitation for MSMEs by allowing…
Kalraj Mishra bats for ‘Zero Effect, Zero Defect’ policy
Asserting that the ‘Zero Effect Zero Defect’ policy as enunciated by Prime Minister Narendra Modi has gained a lot of attention, Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra has said that the setting up of MSMEs is necessary for the overall progress of the country. …