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How fintechs, banks, govt can reduce lending cost to MSMEs, enhance credit accessibility

Despite the significant contribution made by MSMEs to the country’s GDP and overall growth, these players struggle to secure loans from formal sources. (Image: pixabay) By Alok Mittal  Credit and Finance for MSMEs: The MSME sector has remained a key driver of large-scale employment generation and also a lucrative hub for India’s innovative startups. Being home …

‘Investing in ‘greening’ of MSMEs should be of high priority for India to meet sustainability goals’

So far, India is among the few major economies in the world whose actions in energy transition are consistent with keeping the temperature rise below two degrees. (Image: Pexels.com) By Deepak Sood  Sustainability for MSMEs: Since 2019, unprecedented climate action has spurred nations and businesses to prioritize climate change. Sustainability is high on the global corporate …

5 digital transformation challenges SMEs face today and how they can solve them to plan future growth

Most digital initiatives fail not because of technology but the human element. By Dr Pradeep Racherla & Dr Ram Nidumolu  Technology for MSMEs: Small and medium enterprises (SMEs) are the backbone of our economy and account for more than 30 per cent of the GDP and 45 per cent of all manufacturing activity. The pandemic has hit them hard and also …

Why Covid-hit MSME sector is prophesied to boost economy towards $5 trillion goal by FY25

Due to the decreased business, nationwide shutdowns, and closing of the limited marketplaces during the pandemic, 43 per cent of SMEs accepted the digital solution. (Image for representation) By Yogesh Pawar Ease of Doing Business for MSMEs: India has the second-largest base of MSMEs, just after China. The MSME sector is a key driver for …

Why Factoring Amendment Bill 2021 purported to benefit MSMEs needs special attention

All MSEs in manufacturing should be incentivized to become digital. By B. Yerram Raju  Credit and Finance for MSMEs: First, the good news. India is among the fastest-growing economies, post-pandemic measured by Bloomberg and the World Bank at 9.2 percent. Industrial Production (IIP) surged by 29.3 per cent in May 2021. The IHS Markit India Manufacturing Purchasing Managers’ Index …

Covid crisis: How pandemic determined trajectory of impact and recovery for MSMEs in logistics sector

Generally, monsoon season is a trough for logistics, barring those operating in a few segments. The impact of the second wave is also to be expected to last through this period. Image for representation. By Anjani Mandal Logistics for MSMEs: The last 24 months have seen wave after wave of adversities for the traditional logistics players, …

Modernization of MSME sector: How to achieve scaling up and technological transformation of MSMEs?

Lack of finance prevents MSMEs from investing in innovative projects, improving their productivity, and seizing opportunities for expanding to enter new markets. By M H Bala Subrahmanya Technology for MSMEs: Technological obsolescence and sub-optimal scale are two critically distinguishing features of Indian MSMEs, which predominantly consist of micro, informal enterprises. Therefore, policymakers in India have …

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