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HomeTag: SME

Walmart invites Indian sellers to sell on Walmart Marketplace, reach over 120 million US consumers

Trade, import and export for MSMEs: Walmart on Thursday said Indian manufacturers and trading companies can now sell on its Walmart Marketplace as cross-border sellers for international expansion and reach out to over 120 million US consumers every month. Along with Flipkart and cross-border commerce company Payoneer, Walmart said it laid out a detailed roadmap …

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Govt: KVIC creates record high employment under PMEGP; enables over 1 lakh new micro units in FY22

Skill, labour and talent for MSMEs: The number of jobs created through micro enterprises set up under the Prime Minister’s Employment Generation Programme (PMEGP) hit a record high of 8,25,752 in FY22 since the launch of the programme in 2008, MSME Ministry said on Tuesday. Also, the number of enterprises set up during the year …

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‘Why MSMEs are hesitant in embracing non-conventional energy sources like rooftop solar’

By Shreyans Jain  Sustainability for MSMEs: India is making giant leaps in the renewable energy sector. With a total installed energy capacity of 150.54 GW (as of November 30, 2021), it stands at the fourth position in the world in terms of installed capacity. This includes 48.55 GW of solar, 40.03 GW of wind, 4.83 …

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Micro enterprises caught in macro problems; stricter labour and pollution standards add to woes

In May 2020, finance minister Nirmala Sitharman raised the thresholds for the tags of micro, small and medium enterprises (MSMEs), acknowledging that the earlier definitions were creating an unintended incentive for units to remain ‘small’. She cited pan-India data of MSMEs scaling up, but for hundreds of units in South Delhi’s Okhla Industrial Area (OIA), …

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It is still extremely difficult for MSEs to get credit despite success of CGTMSE: DC MSME Shailesh Kumar Singh

Credit and Finance for MSMEs: Even as the government’s Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme to enable collateral-free loans has been very successful, the fact remains it is still extremely difficult for MSEs to get credit, MSME Ministry Development Commissioner Shailesh Kumar Singh said on Wednesday. “We need to work …

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CGTMSE: MSE loan guarantees jump 14% to over 7 lakh in FY22

Credit and Finance for MSMEs: The credit guarantee fund trust for micro and small enterprises (CGTMSE), which offers guarantee cover to lenders for collateral-free lending to micro and small enterprises (MSEs), approved over 7 lakh guarantees in FY22, the second highest in eight years, according to the government data. 7,09,883 loan guarantees cumulatively for Rs 55,217.74 …

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Covid-hit MSMEs get Rs 6,062-crore boost

The Cabinet has approved a $808-million (Rs 6,062-crore) support to revitalise Covid-hit micro, small and medium enterprises (MSMEs) through a programme backed by the World Bank. Of the total assistance, Rs 3,750 crore ($500 million) will be in the form of a loan from the World Bank and Rs 2,312 crore will be provided by …

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Gramophone: Farmers can turn to this firm for assistance

The startup seeks to guide farmers from pre-sowing to post-harvest stages, using technology and data to maximise their gains Guiding farmers from the pre-sowing to post-harvest stage using technology is Indore-based Gramophone’s agenda. The startup has a network of company owned last-mile delivery centres and has listed micro entrepreneurs on its platform. It not only …

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