by on February 4, 2021
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by on January 14, 2021
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by on January 7, 2021
In its latest January 2021 Global Economic Prospects report, the World Bank has projected a 9.6 percent contraction for the Indian economy in FY 2020-2021, 6.4 percentage points lower than its previous forecast in June 2020. Talking about the global economy, the World Bank has said although it is growing again after a 4.3 percent contraction in 2020, the pandemic has plunged millions into poverty, and may depress economic activity and incomes for a prolonged period.
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by on January 1, 2021
10 Ways Artificial Intelligence Will Benefit The Indian MSME Sector In 2021 Kishore AK, INC42.COM Advancements in AI/ML driven technologies are assisting the entire business pipeline in smart decision making ...
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by on January 1, 2021
International opportunities for Indian MSMEs: TOI The recently concluded Diwali festive season was finally a breather for the MSME ecosystem in India. In the past nine months, the MSME sector has been grappling to deal with the impact of COVID-19 and the aftereffects of lockdowns. The pandemic has undoubtedly taken a serious toll on the MSME ecosystem in India. The stringent lockdowns, implemented during the initial days of the virus’ spread, had nearly crippled supply chains, shut-down retai...
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by on January 1, 2021
Credit and Finance for MSMEs: MSMEs in India can truly thrive in 2021 only if they understand the need to adapt and embrace what a new-age world has in terms of the offering. Over 11 lakh MSMEs registered on Udyam online system since July Government data reveals and over 1 crore employmentMSMEs in India have had a tumultuous year of subdued economic activity coupled with skyrocketing trade costs. By Pushkar Mukewar FINANCIAL EXPRESS ...
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by on December 21, 2020
A majority of industries and businesses are now inching towards pre-COVID-19 levels, MSMEs have also started charting their path for recovery, Invoicemart said in a release. The lockdown has increased technological literacy and given a push to digital adoption among the micro, small and medium enterprises (MSMEs). Supported by their strong tie-up with over 760 anchor corporates, CPSE, PSUs, banks and NBFC factors, Invoicemart has already guided over 6,900 MSME vendors to register on TReDS ...
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by on December 21, 2020
The Indian government announced a special scheme for micro, small and medium enterprises, allowing them to get business and MSME loans within 59 minutes. Applicants can get loans ranging from ₹1 lakh to ₹10 crore, and in-principle approvals are sent within 59 minutes. The Small Industries Development Bank of India (SIDBI) has set up a fintech platform called PSB Loans in 59 Minutes, in partnership with five other public sector banks, namely the State Bank of India, Bank of Baroda, Punjab Nati...
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