New Delhi: India and the US on Tuesday signed a “landmark” agreement that provides a framework for both sides to explore cooperation in the micro, small and medium enterprises (MSME) sector. External Affairs Ministry Spokesperson Randhir Jaiswal said the Memorandum of Understanding (MoU) would enable MSMEs of the two countries to foster trade. “Today, India-US … Read more
Women workers seen working inside a MSME Industrial Unit, Ambattur | Photo Credit: K. PICHUMANI Reserve Bank’s executive director Neeraj Nigam on July 5 said low labour force participation among women is a barrier to financial inclusion efforts and also to broader economic growth. He said there is also a need to up the credit … Read more
New Delhi: In India, 94 per cent of tech micro, small and medium enterprises (MSMEs) acknowledge artificial intelligence’s (AI) ability to drive business growth while 87 per cent of them showed confidence in AI’s potential to improve overall productivity, a Nasscom-Meta report showed on Thursday. Around 72 per cent of tech MSMEs emphasise the need … Read more
New Delhi: Fintech company Lendingkart, on Tuesday, said that it raised $10 million by way of external commercial borrowing from a fund managed by a leading global impact investment manager and member of the Schroders Group ‘BlueOrchard’. The company said that this funding will be used for onward lending activities for MSMEs. “We see this … Read more
New Delhi: Digital financial services provider PayU, on Monday, announced an investment of $5 million in a seed round in cross-border payments platform BRISKPE to simplify global payments for Indian MSME merchants. The investment underscores PayU India’s commitment to seamless international payments and complements its existing export and import offerings, the company said. “With BRISKPE’s … Read more
Reserve Bank of India Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed decisions. All regulated entities, such as banks … Read more
Registering under MSME can provide companies with loan benefits. The Ministry of Micro, Small, and Medium Enterprises (MSME) has been created by the government of India. India is a developing country. Many new businesses start their operations every day. Not all businesses run at a macro level, many of them are small businesses. In order … Read more
