Public sector lender Bank of Baroda on July 25 announced that they will be using alternate data sources for lending decisions in partnership with Creditmantri, a Chennai based fintech startup. Historically banks have been relying on physical verification of documents and credit bureau data for ta…
Tag: SMEs
Govt to recognize MSME achievers more frequently | KK Jalan, Secretary MSME at Super SME Awards
The Union Government will felicitate the achievers in Micro, Small and Medium Enterprises sector more frequently, KK Jalan, Secretary in the MSME Ministry announced on July 9 evening. Speaking as Guest of Honour at Super SME Awards organized by SMEpost.Com and WASME, Jalan said he had been …
MSMEs should upgrade technologies: Experts
Shedding light on the challenges faced by the capital goods industry many experts spoke about its adverse effects leading to loss of employment, investment and growth opportunities and the need for SMEs and MSMEs to upgrade their technologies at a meet on July 4th. In the light of emerging challe…
Start-Up Innefu Labs finds desi success, eyes foreign foray
The vibrant startup ecosystem in the country has witnessed the inception of companies focused on various segments of the technology domain, but the area of cyber security has seen far and few between. Innefu Labs, a cyber security startup founded by two college batchmates—Tarun Wig and Abhishek S…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…
Paytm to help SMEs get products from China
Digital payments and e-commerce platform Paytm is working with sellers in India to help them source products from neighboring China, according to a senior company official. While the company has already started sourcing products under the fashion accessory category on a pilot basis, it plans to a…
33 SMEs line-up IPO plans
As many as 33 small and medium enterprises are planning to line up initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE’s SME platform, are expected to float IPOs in the coming months. The exchange …
Bulkhouse.in capsulate India’s biggest e-commerce platform for B2B and B2C trading of goods or products
Mumbai, 15th June, 2016: Bulkhouse Trading India Pvt Ltd, a distinguished e-commerce platform, today announced its plans to launch one-of-its-kind B2All (business-to-all) trade portal-www.bulkhouse.in , coming up in July, 2016 .The new web address (currently in the beta launch phase) will use ad…
Gujarat govt unveils Purchase Policy with focus on SMEs
With an aim to promote micro and small-scale industries, industries started by educated unemployed and institutes governed by Khadi Gramodhyog Board and to ensure quality products at reasonable rates for government departments, the Gujarat government has declared its Purchase Policy 2016, said an…
Deskera launches technology enabler program for SMEs and youth
Deskera, an Enterprise Resource Planning (ERP) software, will now allow SMEs to get loans approved quickly and without hassle from banks- by helping financial institutions tap into the real-time financial data of businesses. With the help of Deskera ERP, any enterprise can quickly apply for a loa…