Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report
Banks Extended Rs 24.6 Lakh Crore Credit to MSMEs in March: RBI Report According to the latest data from the Reserve Bank of India (RBI) on sectoral deployment, banks provided a gross credit of Rs 24.67 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in March this year. This credit […]
CRISIL SME Tracker: Positive Shifts for Chemicals MSMEs
CRISIL SME Tracker: Positive Shifts for Chemicals MSMEs The outlook for the domestic chemicals industry is improving as demand rebounds and inventories stabilize. In the previous fiscal year, factors such as oversupply from China, weak demand in developed markets, and inventory adjustments led to subdued revenue growth.For the current fiscal year, Crisil Research expects the […]
How Micro, Small, and Medium Enterprises (MSMEs) Can Harness Comprehensive Retail Solutions
How Micro, Small, and Medium Enterprises (MSMEs) Can Harness Comprehensive Retail Solutions Establishing a robust distribution and retail network is vital for business growth, demanding access to modern technology, reliable partners, and skilled employees. However, many MSMEs lack the resources and capabilities to develop and manage such networks, especially across vast geographies like India. Fortunately, […]
India Focused on Bridging Infrastructure Gaps to Become Global Manufacturing Hub
Siemens Executives: India Focused on Bridging Infrastructure Gaps to Become Global Manufacturing Hub According to senior executives at German manufacturing giant Siemens AG, India is actively addressing infrastructure challenges that have historically hindered its manufacturing growth, positioning the country to emerge as a top global manufacturing hub. Cedrik Neike, a member of Siemens AG’s managing […]
Why the SMB Financing Gap in India is an Exciting Opportunity for Fintech Founders
Why the SMB Financing Gap in India is an Exciting Opportunity for Fintech Founders Small and medium business (SMB) financing in India poses a substantial opportunity for fintech founders, who can harness technology to revolutionize SMB lending. Despite challenges, fintech innovators have significant potential to pioneer solutions across four key themes. When SMB owners in […]
Indo-Japanese SME association on the anvil
Indo-Japanese SME association on the anvil An initiative to forge an Indo-Japanese SME association is underway, aimed at facilitating Japanese small and medium enterprises (SMEs) to enter the burgeoning Indian market with support from both governments. Mehool N. Bhuva, President of the 70-year-old Indo-Japanese Association in Mumbai, emphasized the urgent need for intensified efforts to […]
UK Fintech Tide Sets Sights on Indian SMEs with ₹1,000 Crore Investment Plan
UK Fintech Tide Sets Sights on Indian SMEs with ₹1,000 Crore Investment Plan Tide, a UK-based financial platform specializing in small and medium enterprises (SMEs), is eyeing significant investments in India, targeting ₹1,000 crore by 2026 to expand its presence in the country. Oliver Prill, the Global CEO of Tide, highlighted India as the fintech’s […]
Building a cloud strategy for SME
Building a cloud strategy for SME In the past few years, cloud computing has become a quickly emerging and adopted idea, especially among SMEs. Because SMEs lack the resources to acquire technical competence, this technology is best suited for them. With the help of cloud computing, they may set up a suitable IT infrastructure that […]
Busting the ERP Myth – Not for SME
Busting the ERP Myth – Not for SME The go-to solution for most larger businesses facing operational challenges is an enterprise application suite that offers integrated management of all business aspects. Similarly, SMEs require technology that grows with them, streamlines processes, and maintains agility without sacrificing efficiency. Despite its benefits, enterprise resource planning (ERP) software […]
Must have digital tools for SME
What digital tools should you have for your SME? Digital tools play a crucial role in the operations and growth of SMEs. They contribute greatly to the overall output and also influence the outreach of SMEs. Hence, identifying the correct tools for your business is an important task. Here are some must-have digital tools tailored […]