The Khadi and Village Industries Commission (KVIC) has obtained the ‘Khadi’ wordmark registration in 26 classes whereas the ‘Khadi India’ Hindi and English logos have been registered under 27 classes each respectively. This is primarily to protect misuse of the Khadi India brand name by vendors of meat and alcohol.
Under the company’s leadership, Lendingkart Finance has evaluated nearly half a million applications, disbursing 85,000 loans to more than 73,000 MSMEs, making it the NBFC with the largest geographical footprint in the country.
The nationwide search to find India’s best is open to any business if it qualifies as a Micro, Small, or Medium Enterprise, as specified by the Ministry of MSME, Government of India.
Many of 200-odd MFIs operating in the country work as BCs for the banks for credit disbursements for which an 18 per cent GST is levied on overall borrowing by beneficiaries, said P Satish, executive director of Sa-Dhan, an association of MFIs.
MSMEs in the country face a plethora of challenges, but the primary issues hover around the availability of land, problems with labour and access to capital. In fact, these problems have persisted for decades and solutions often proved elusive.
With a focus on SMEs, the platform is promoting sellers by giving them increased exposure, in-depth Big Data trends analysis, end-to-end support and co-marketing campaigns to drive sales.
The distressed asset fund will also receive a guarantee from the Credit Guarantee Fund Trust for Micro and Small Enterprises, which was set up by the government and Sidbi a few years ago.
Union Bank follows the mantra of ‘Adequate Credit at Appropriate Time’ for MSMEs. It has worked to enhance access and improve the service experience through dedicated branches, equipped with skilled manpower and technology support, and centralised credit underwriting to enhance quality and reduce turnaround time (TAT) significantly.
For the purpose of judging ‘innovation’ for the programme, we would be using much of the framework as outlined by OECD, along with certain changes in the criteria. Read on to find out more.
As part of the agreement, Capital Float and Credit Saison will provide working capital financing to MSMEs, particularly to those from the country’s tier-2 towns and cities and beyond.
The business has a secured loan book of approximately Rs 145 crore comprising 1100 customers, a staff strength of 40 professionals and operates out of 10 cities in India.
Asked about how the PSB looks at the growing menace of NPAs in the scheme, Narayan was of the view that any business product with a business cycle has a maturity, which ultimately results in some NPAs.
This event, hosted under the aegis of ETRise Top MSMEs Ranking, which will be a definitive ranking of businesses basis a rigorous evaluation of their performance across innovation, financial health, and financial growth, saw experts brainstorm on the hurdles faced by the MSME sector.
The Credit Guarantee Fund Trust for Micro and Small Enterprises, run by the government and financial institution Sidbi, has floated a consultation paper to banks, where it has estimated that it will get business of around Rs 4,000 crore during the first year.
Airtel will offer G Suite to small and medium sized businesses (SMBs) in India as part of its integrated ICT portfolio.
"It’s only after formalisation where one can step forward and work towards skilling the masses. All sectors are facing this problem where they are unable to find the right fit for a job and that’s what needs to be addressed,”Amit Vadera, Regional Head, TeamLease Services said.
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