Category: MSME News

May 23

SaaS platform partners with Unity Small Finance Bank for BNPL offering to SMBs

Credit and finance for MSMEs: Enterprise SaaS company has partnered with Unity Small Finance Bank to provide B2B Buy Now Pay Later (BNPL) solutions to small and medium businesses (SMBs). offers an AI-backed platform with embedded B2B BNPL to support SMBs “with a purpose-based, affordable, and unsecured BNPL solution,” the company said in a statement.  “SMB customers in India have so far been availing traditional finance […]
May 17

Will the government’s proposal to approve mergers in 60 days benefit MSMEs?

Ease of doing business for MSMEs: The corporate affairs ministry’s notification amending the Companies Rules to expedite the time taken for mergers and amalgamations may not significantly benefit the MSME sector, according to experts. According to a notification by the ministry on May 15, merger or amalgamation will be deemed approved if the government “does […]
May 15

Govt launches training programme on entrepreneurship opportunities in agri, industrial waste management

Skill, labour, talent for MSMEs: A five-day training programme on entrepreneurship opportunities in agricultural and industrial waste management for environmental sustainability was launched at the Indian Council of Agricultural Research – Indian Agricultural Research Institute (ICAR-IARI) on Monday. The programme, inaugurated by Dr R B Singh RB Singh, past president at the National Academy of Agricultural […]
May 14

New MBA programme in MSME Management launched by MSME Min’s NI-MSME and B-school ASBM

Skill, labour, talent for MSMEs: NI-MSME (National Institute for Micro, Small and Medium Enterprises), a statutory body under the MSME ministry in partnership with Bhubaneswar-based B-school ASBM University has launched a new residential MBA programme in MSME Management. The programme will begin in the 2023 academic session. “This is first of its kind (management programme) […]
May 12

Spice Money and BCG to build a digital financial service platform for rural India

Technology for MSMEs: Spice Money, the rural fintech company, announced building a digital financial services platform for consumers from rural and semi-urban India in partnership with Boston Consulting Group (BCG).  The new platform aims to introduce products across three key segments: financial services, entrepreneur solutions, and healthcare services.  According to the company’s spokesperson, pilots are […]
May 12

Government procures 42 per cent more than the set target from MSEs under the Public Procurement Policy

Ease of Doing Business for MSMEs: The government has spent Rs 60,432 crore on procurement from MSEs under the Public Procurement Policy, a whopping 42 per cent more than the set target, tweeted MSME minister Narayan Rane on Friday.  The Tweet read, “Through the Public Procurement Policy, the Central Government is promoting small-scale enterprises by […]
May 11

55% of MSMEs use mobile hotspots to connect to the internet for daily activities: Report

Technology for MSMEs: A whopping 55 per cent of the Indian MSMEs use mobile hotspots to connect to the internet for daily activities, finds the report MSME Digital Index by digital banking network PayNearby.  Released on National Technology Day, the report on trends in the adoption of digital technologies by MSMEs was based on the […]