Category: SME

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 16

File Bankruptcy Petition: How to submit insolvency petition with NCLT; step-by-step process

File For Bankruptcy Petition: Insolvency describes the financial situation of an enterprise failing to pay its debts as they become due. The company, in other words, has more debt than assets or income to adhere to its financial obligation towards its creditors. To address the insolvency of a company by helping it revive, the Corporate […]
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 […]
May 11

Bidding on GeM Portal: How to apply for govt tenders; check detailed online step-by-step process

GeM Bid Participation: Since its launch in August 2016, the government’s public procurement marketplace Government eMarketplace (GeM) has grown to Rs 4.1 lakh crore in gross merchandise value (GMV) with more than 1.5 crore orders processed so far. The buyer and seller count has also jumped to nearly 70,000 and 61 lakh respectively in over […]
May 9

PMEGP scheme’s step-by-step process for online applications, documents required; Check details

PMEGP Loan Apply- Scheme, Online Application, Eligibility: Launched in 2008 and implemented by the Khadi & Village Industries Commission (KVIC), the scheme provides credit up to Rs 50 lakh (increased from earlier up to Rs 25 lakh) to aspiring entrepreneurs for launching their new manufacturing units and up to Rs 20 lakh (from Rs 10 […]