It is also planning to apply for its own lending licence to lend to merchants who are accepting payments through BharatPe QR codes.
A huge source of working capital is slipping out of small firms' reach. It will soon trigger a chain reaction.
In a world where startups are influenced by infamous sayings like ‘move fast; break things’ the journey and achievements of these doyens are a soothing antidote.
Budgetary constraints and not enough use to justify the investment were the top two challenges towards the adoption of new technology.
With 30%, first-time unsecured borrowers on the platform, Indifi is fuelling the growth of country's lending ecosystem by catering to startups & SMEs with little or no credit history.
MSMEs should look at IPRs as legal monopolies- investments which will allow them to be ahead of their competition as IPRs, being negative rights, outrightly stop others from practising.
The move follows a goahead by the GST Council before the elections and now the details of the payment mechanism are being worked out.
Scheme structured under IBC, micro-enterprises, small farmers, artisans, cottage industries to benefit.
Misadventures by large entities and credit squeeze make for a perfect recipe for disaster, Srinivas said.
A startup or an MSME is advised to look at a relevant crowd sourced model, see which of these models are relevant to them, deploy a SPOC (Single Point of Contact) to manage the requirements.
Under current circumstances, a consumer would see diverse images and descriptions of the same product, for example, a branded pair of sunglasses, across different retail platforms.
India’s attractiveness as a destination for manufacturing has improved sharply over the past three to four years in many ways.
Government data for the scheme for the last fiscal, till March 22, 2019, put the figure of Mudra sanctions at Rs 2.82 lakh crore to 541.27 lakh borrowers.
While the highest number of loans are disbursed in Rs 20,000-30,000 ticket size across all quarters, 30 plus delinquency for NBFCs at 2.5 % is the highest in the industry in Q3 FY19, the joint report further noted.
A corruption scandal in its Mexico unit prompted Walmart to tighten its compliance with the Foreign Corrupt Practices Act (FCPA) globally, including in India.
Nasscom is now learnt to be working to add 7 more EC members, ostensibly to assuage the ruffled feathers.
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