RBI launches innovative program to revolutionize credit access for MSMEs
Mumbai (Maharashtra) [India], September 14 (ANI): The Reserve Bank of India (RBI) has embarked on a groundbreaking initiative aimed at transforming the landscape for Micro, Small, and Medium Enterprises (MSMEs) in the country.T Rabi Sankar, Deputy Governor of the RBI, unveiled the program, highlighting its potential to revolutionize credit access for MSMEs.
Katya Naidu
India’s small digital businesses have a capital problem and this will only grow
Indian digital small and medium sized enterprises (SMEs) are on a growth path but suffer from a working capital deficit of around $112 billion — as only $53 billion was injected via various channels. As per a report by Redseer and GetVantage, the overall credit demand stands at $220 billion, yet only $165 billion is serviceable.
Katya Naidu
Large brands continue to dominate e-commerce space but MSMEs are growing fast
The Indian e-commerce market is ruled by large-scale and mature enterprises in spite of a large number of MSMEs (Micro, Small and Medium Enterprises) in the system. As per Redseer, there are as many as 1.5-2 million MSMEs who are manufacturers, wholesalers, retailers and distributors on e-commerce platforms. However, their share in gross merchandise value (GMV) pales in comparison to that of large brands.
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KEYNOTE ADDRESSMSMEs: The backbone of Indian economyProcurement, exports and enterprises are three crucial pillars for fostering the growth of small ...
Amit Nanda
The significance of India-first innovations to make future-ready MSMEs a reality
Creating tailored solutions for Indian businesses that address their unique needs is crucial for digital growth. Robust ecosystems through public-private partnerships are essential for India-first innovations. To empower over 63 million micro, small, and medium enterprises, ease of doing business must extend beyond regulatory and credit ecosystems. Personalized tools, programs, and strategies are necessary for emerging businesses in the diverse Indian market. Online marketplaces must offer hands-on assistance and personalized approaches to cater sellers' specific needs in a fragmented landscape. With focused programs, MSMEs can enter and thrive in global markets, and robust ecosystems provide the vital support and guidance to navigate the digital landscape.
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INAUGURAL ADDRESS (POLICY)Promoting MSME growth & ease of doing businessSmall businesses are the growth engine for India’s economy. We shine the spot...
Bhakti Makwana
REIT-like structures, loans against GST filings can help solve MSME fundraising problems: Assocham
MSMEs hold immense potential in supporting India’s ambitious vision of a $40 trillion economy by 2047, says industry body As...
Anagh Pal
MSMEs on a growth path with rise in credit demand, fall in delinquency rates: CIBIL-SIDBI report
Credit demand grew at 1.29 times YoY in the quarter ending September 2022. MSME lending continues to be concentrated in the top ten states that have higher industrialization. Delinquency rates dropped YoY across private sector banks, public sector banks and NBFCs.
Bhakti Makwana
Digitalisation, credit growth, government policies to drive MSME growth, say experts
The government’s Open Network for Digital Commerce (ONDC) initiative, which seeks to democratise e-commerce, is seen aiding ...
Bhakti Makwana
Digitalisation, credit growth, government policies to drive MSME growth, say experts
The government’s Open Network for Digital Commerce (ONDC) initiative, which seeks to democratise e-commerce, is seen aiding ...
Anagh Pal
MSMEs on a growth path with rise in credit demand, fall in delinquency rates: CIBIL-SIDBI report
Credit demand grew at 1.29 times YoY in the quarter ending September 2022. MSME lending continues to be concentrated in the top ten states that have higher industrialization. Delinquency rates dropped YoY across private sector banks, public sector banks and NBFCs.
Bhakti Makwana
REIT-like structures, loans against GST filings can help solve MSME fundraising problems: Assocham
MSMEs hold immense potential in supporting India’s ambitious vision of a $40 trillion economy by 2047, says industry body As...
Anagh Pal
MSME sector is on a strong growth trajectory post the pandemic: SBI Research
MSMEs have shown resilience to bounce back from the pandemic-induced slowdown, with credit growth to MSMEs consistently higher. Incentives provided by the Emergency Credit Line Guarantee Scheme (ECLGS), coupled with lower gross non-performing asset (GNPA) ratios have helped in boosting credit to MSMEs. The Udyam portal and the Emergency Credit Line Guarantee Scheme have helped MSMEs to weather the storm.
Transition to net-zero should be inclusive to avoid accentuation of social inequality, says ITC CMD Puri
In his address at the Business-20 (B20) India inception meeting in Gandhinagar, Puri also called for collective efforts in the G-20 and global community to come together to find solutions in a collaborative fashion for a sustainable future.
