The primary objective is to provide one-of-its kind opportunity for SMEs to access entry in mature markets of US, cutting across New Jersey, North Carolina, Ohio, Michigan and Texas.
The ministry in a statement said that possibilities may be explored for incentivising ministries and states who procure more products and services from GeM.
Germany's state-owned development bank KfW Group's India office confirmed the discussions, though the main focus was on credit lines to support small businesses' solar power generation. The talks were at an early stage, KfW said.
On this occasion an MOU has been signed between Mr Adhip Mitra, Addl Executive Director & Secretary, EEPC India and Dr S K S Rathore Senior Principal Scientist, CSIR- AMPRI on behalf of the respective organisations.
The app called Siply, aims to provide financial security to workers below the provident fund threshold.
The study shows that Gujarat has emerged as the top ranking state in terms of performance and growth potential for MSME lending in India followed by Andhra Pradesh, Haryana, Karnataka and Delhi.
Any MSME (account holder or not) can download the app to get instant online overdraft facility upto Rs 15 lakh.
SIDBI is the implementing agency for FFS with a corpus of Rs 10,000 crore on behalf of the Government.
The partnership aims to leverage TikTok’s 200 million user community to build awareness around NSDC’s mission to educate India’s youth.
Out of 60 countries, India ranks 50 in business, 44 in tech and 51 in data science skillsets in the Global Skills Index: 2019 report.
The government plans to put in place structures and incentives that would enable skilling in new age technologies across sectors under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
The company recently conducted an offline pilot for its loan offering and disbursed over 700 loans worth over Rs 2.5 crores.
Budget 2019 has announced RS 350 cr for 2% interest subvention of loans for all GST registered MSMEs. How do credit bureaus like Transunion CIBIL help Banks and MSMEs benefit from this proposal. Gayatri Nayak of The Economic Times speaks with Harshala Chandorkar, COO Transunion Cibil to understand the possibilities it opens up for the GST registered MSMEs.
Prime members can choose from a range of hand-crafted and unique products from micro entrepreneurs and startups.
The report, while noting that 40% of NBFC-MFIs have the highest number of unique live customers, adds that average ticket size per loan has increased by 13%Y-o-Y to reach Rs 31,623.
As per central bank norms, SFBs need to have a holding company as a promoter and the bank to be listed in three years of commencement of operations.
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