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Upskilling has become a priority for SMEs in 2021: Report

BENGALURU: Upskilling programmes are seeing a rising demand among small business owners in a post-pandemic world, finds a new report. According to data from a recent Instamojo report titled ‘Indian E-commerce Outlook 2021’, which predicts upskilling to become a priority for small businesses this year,...

Indifi Technologies brings on board IndusInd Bank’s Aditya Harkauli as chief business officer

BENGALURU: MSME lending platform Indifi Technologies has appointed Aditya Harkauli as its new chief business officer (CBO), said a statement issued today. Harkauli will be responsible for scaling up the existing operations and driving growth through new products, customer segments, and digital marketing and...

Indian Bank news24nations MOU with SID of IISc, for funding Start-ups and MSMEs

State-owned on Friday said it has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs. This initiative is a part of the Banks scheme Ind Spring...

Why India needs a Bharat Fund beyond the existing VC ecosystem

The COVID-19 pandemic has had a devastating effect on India’s economy, especially the Micro, Small and Medium Enterprise (MSME) sector. Employing over 100 million people, the sector’s revenue was severely impacted owing to working capital issues, disruption in their supply chain, delay in payments,...

MSME credit up on Govt guarantee

(This story originally appeared in on Feb 19, 2021)MUMBAI: There has been a revival in bank credit to small businesses driven by public sector banks on the back of the government's emergency credit line guarantee scheme (ECLGS). According to TransUnion Cibil's report, credit to...

Funding and MSMEs: Can banks & fintech together address the credit gap for small businesses?

MSMEs are key contributors to the country's economic activity as an important source of employment, growth, and innovation. Despite their essential role, MSMEs receive a disproportionately small share of credit from the financial system, a trend that persists across developed and developing countries. The...

Mastercard, Razorpay join hands to make digital payments more accessible for MSMEs

To drive digital payments acceptance by small businesses in India, Mastercard and Razorpay have launched a strategic partnership that combines Razorpay’s payment processing capabilities with Mastercard’s digital banking solutions and card services. The partnership will empower the micro, small and medium enterprises (MSMEs) in digitizing...

Taking a cue from China: How India can help SMEs flourish and prosper

Each year there are about five million SMEs more in China representing a 10% year-over-year growth rate, projects database company Statista. Contributing over 60% to the GDP and accounting for 80% of jobs in China, the number of SMEs in the country is estimated...

Moglix launches supply chain finance platform Credlix

NEW DELHI: B2B commerce company Moglix has announced its foray into the supply chain financing space launching its digital platform Credlix. The platform provides quick collateral-free working capital solutions, exclusively to its suppliers, pan-India through its collaboration with banks. Currently the service is available...