MSMEs
In Focus
MSMEs continue to recover post-pandemic, over 50% businesses record 10% YoY growth in sales: Report
As per the report, the trend of sales recovery is continuing strongly across sectors, indicating that the pandemic is fading into the pastBengaluru: Micro, small and medium enterprises (MSMEs) continue to recover post-pandemic, with over 50% of businesses recording...
Research
‘MSME Digital Index 2024’ by PayNearby
The report provides an in-depth analysis of technology usage among MSMEs at the grassroots levelThe 'MSME Digital Index 2024' report by banking and digital network PayNearby offers an in-depth analysis of technology usage among MSMEs (micro, small, and medium...
Latest News
Quality control orders protect MSMEs from unfair competition: Goyal
PTI -
MSMEs should not be looked upon as merely a small enterprise, he addedNew Delhi: The quality control orders (QCOs) issued by the government for different products will protect MSMEs from unfair competition and help cut the import of sub-standard...
In Focus
Special attention to MSMEs in Budget 2024-25: New credit guarantee scheme; hike in Mudra loans
In the first Budget of Modi government's third term, Sitharaman introduced a new credit guarantee scheme for term loans to acquire machinery and equipment and proposed raising the Mudra loan limit from Rs 10 lakh to Rs 20 lakhBengaluru:...
Finance & Funding
Govt may relax 45-day payment rule for MSMEs in budget
PTI -
The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...
In Focus
68% MSME retail owners witness growth in business post-adoption of digital tech: Report
About 29% MSMEs used accounting software, followed by POS software and Customer Relationship Management (CRM) software at 17% and 14%, respectively, to manage their business operations, the PayNearby report foundNew Delhi: An overwhelming 68% Micro Small Medium Enterprises (MSME)...
Latest News
Access to low-cost finance and consumption boost top RAI’s budget wishlist
The industry body asserts that implementing these measures will strengthen the retail industry and contribute to the GDP of the countryBengaluru: In its recommendations to the central government for the Union Budget 2024–2025, the industry apex body Retailers Association of...
Latest News
iThink Logistics onboards onto ONDC to strengthen outreach to SMEs, MSMEs
PTI -
iThink Logistics going live on the ONDC Network unfolds advantages for Small and Medium-sized Enterprises (SMEs)New Delhi: Logistics startup iThink Logistics on Tuesday announced it has onboarded onto ONDC (Open Network for Digital Commerce) to strengthen its outreach to...
E-Commerce
Inability to access markets, retain customers top challenges for MSMEs: Report
PTI -
The report surveyed a total of 2,007 micro, small and medium enterprises (MSMEs) between November 4, 2022, and January 20, 2023New Delhi: A majority of MSMEs surveyed cited the inability to access markets, retain customers, and effectively market their...
E-Commerce
ONDC to revolutionise B2B digital commerce in India: Report
ONDC is dedicated to establishing an interoperable marketplace that accommodates sellers of all scales − from small and medium-sized enterprises (SMEs) to larger entities
Bengaluru: Open Network for Digital Commerce (ONDC), an initiative by Government of India, is set to revolutionise B2B...
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Latest News
Amazon readies for pilot of under-15 min delivery of daily essentials in Bengaluru
Amazon's strategy has focused on "selection, value and convenience" and the overall vision is to build a large profitable...
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