msme: Fallback liability: Why holding online marketplaces responsible for consumer protection may harm MSME growth
Throughout the pandemic induced lockdowns, online retail presented a resilient channel for MSMEs to maintain business continuity, and consumers to access essentials. The momentum gained through this period, continues to support an increasing number of MSMEs who are able to leapfrog to national and global markets without incurring steep fixed costs associated with logistics and…
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msme UP: Max Life partners with Indian Industries Association to offer life insurance access to 11L MSMEs in UP
NEW DELHI: Max Life Insurance Company Ltd, on Monday, announced a strategic partnership with the Indian Industries Association (IIA) to provide life insurance plans to the Micro, Small, and Medium Enterprises (MSME) sector’s workforce in Uttar Pradesh (UP). Under the recently announced IRDAI’s State Insurance Plan, Max Life aims to enhance accessibility and drive affordable…
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msme: Ecommerce is going to be the mantra for unleashing the potential of MSMEs in India: Ministry of MSME
Federation of Indian Micro and Small and Medium Enterprises (FISME) hosted the “National Workshop on Growth of Retail & E-commerce in India” to identify the policy obstacles in the way of small businesses and retailers in joining digital retail and e-commerce. The consultation was attended by 40+ delegates representing MSMEs, think tanks, payment service providers,…
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Etmsmeday: ET MSME Day 2023: Building future-ready MSMEs to power the India@100 dream
India’s roadmap to being a developed nation by 2047 rests largely on the shoulders of the millions of micro, small, and medium enterprises (MSMEs). With over 63 million MSMEs spread across India, the small businesses contribute nearly 40% to India’s exports, about 6.11% to the country’s manufacturing GDP, and 24.63% to the GDP from services…
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MSME: 70% MSMEs believe UPI will be the driver of retail sales
Seventy per cent of MSMEs believe more than half of their retail sales will be via UPI, was the key revelation of the NeoInsights study titled ‘Decoding Digital Payments: A Retailer Perspective’, released today by NeoGrowth, an MSME-focused digital lender in India. The study was based on a comprehensive assessment of NeoGrowth’s customer data set…
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Udyog Plus: Aditya Birla Capital launches ‘Udyog Plus’: An innovative one-stop business platform for MSMEs
Aditya Birla Capital, the financial services business of the Aditya Birla Group, through its lending arm, Aditya Birla Finance, announced the launch of Udyog Plus, an innovative one-stop business platform, designed for MSME customers. This new B2B digital platform offers a wide range of solutions for MSMEs, including financing, protection, investments, advisory and value-added services…
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msme: How lending-first approach can redefine SME financing
MSMEs are the backbone of any economy, accounting for a large portion of employment, production and exports in most countries. In fact, 33% of India’s GDP comes from the MSME industry — this sector is also responsible for the generation of over 120 million jobs across various industries, all of which contributes to wealth creation….
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ET MSME 2023: ET MSME Day 2023: MSME Regional Summits to celebrate India’s vibrant MSMEs, promote Make in India
It’s a well-known fact that India’s economic model is incomplete without the country’s micro, small, and medium enterprises (MSMEs) sector. With more than 63 million MSMEs, this key pillar of the Indian economy is expected to play a critical role in fueling the country’s vision to become a developed nation by 2047, when it marks…
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MSMEs: 90% MSMEs see cost reduction as biggest motivation to implement sustainability initiatives
The SIDBI – D&B Sustainability Perception Index (SPeX – the green pulse indicator) for January – March 2023 stands at 54, eight points higher than the October – December 2022 level of 46, suggesting a higher level of perception towards sustainability by Indian MSMEs. SPeX measures and tracks Indian MSMEs’ perception towards sustainability. The Index…
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msme: Undue harassment of genuine MSME online sellers by GST officials ‘not justified’, says industry
Widespread undue harassment of genuine MSME online sellers by GST officials in the garb of the special drive to eliminate fraudulent GST identification numbers must be stopped, asserted industry leaders at a session organised on June 8 by The Forum for Internet Retailers, Sellers, and Traders India (FIRST India) in the capital. The Central Board…
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