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MSME

Nirmala Sitharaman likely to launch UPI-based lending facility for MSMEs on March 6

Nirmala Sitharaman likely to launch UPI-based lending facility fo...

Mon, Mar 03, 2025

As part of this facility, MSMEs will be able to borrow funds based on their digital transactions.

Union Budget 2025: PHDCCI reaction on the budget

Union Budget 2025: PHDCCI reaction on the budget

Sun, Feb 02, 2025

See here what D.P Goel, C0 chair MSME Committee, PHDCCI said on the budget.

Union Budget 2025: Credit Boost For MSMEs, higher investment and turnover limits unveiled

Union Budget 2025: Credit Boost For MSMEs, higher investment and...

Sat, Feb 01, 2025

Union Finance Minister Nirmala Sitharaman on February 1st came out with good news for the Micro, Small and Medium Enterprises (MSME's) in India. Sitharaman in her eighth budget speech stated that the credit guarantee cover limits and provisions for the sector are going to be enhanced.

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Fintech startup Snapmint raises USD 9 mn from angel investors in series-A funding

Fintech startup Snapmint raises USD 9 mn from angel investors in...

Thu, Mar 03, 2022

Snapmint, a buy-now-pay-later platform, has raised USD 9 million in its series-A funding from a clutch of investors and industry leaders led by Prashasta Seth of Prudent Investment Managers.

Corrugated box manufacturers seek cut in GST rates

Corrugated box manufacturers seek cut in GST rates

Wed, Mar 02, 2022

The South Indian Corrugated Box Manufacturers Association on Tuesday urged the Centre to reduce Goods and Services Tax on corrugated boxes to benefit the micro small and medium enterprises sector.

Upswing Financial Technologies raises Rs 30 cr in funding from QED Investors, others

Upswing Financial Technologies raises Rs 30 cr in funding from QE...

Wed, Mar 02, 2022

Upswing Financial Technologies on Monday said it has raised USD 4 million (about Rs 30 crore) from marquee global fund QED Investors and a clutch of fintech founders

Consumer neo-banking platform Niyo raises USD 100 mn in funding led by Accel, Lightrock

Consumer neo-banking platform Niyo raises USD 100 mn in funding l...

Fri, Feb 25, 2022

Consumer neo-banking platform Niyo has raised USD 100 million (about Rs 750 crore) from a group of private equity firms led by Accel and Lightrock India, the company said on Thursday

Economic recovery uneven, government should continue support measures for affected sectors, says UBS report

Economic recovery uneven, government should continue support meas...

Thu, Feb 24, 2022

Pointing out that the ongoing recovery is still uneven and not broad-based, a foreign brokerage report said the government should continue the income support measures for the affected sectors.

Giift invests Rs 225 crore in Xoxoday in equity deal

Giift invests Rs 225 crore in Xoxoday in equity deal

Thu, Feb 24, 2022

Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday

Wholsum Foods raises USD 7 mn from Dubai wealth fund, Fireside Ventures

Wholsum Foods raises USD 7 mn from Dubai wealth fund, Fireside Ve...

Wed, Feb 23, 2022

Millet-based food start-up Wholsum Foods, which sells children's food brand Slurrp Farm, has raised USD 7 million led by Investment Corporation of Dubai, which is the sovereign wealth fund of the emirate, and existing investor Fireside Ventures

Wealth Guide: MSME loans, types, eligibility, how to avail and more - What small business owners should know

Wealth Guide: MSME loans, types, eligibility, how to avail and mo...

Wed, Feb 23, 2022

Even after setting up, the basic requirements would be to replenish stock, create partnerships with retail businesses and expand the business.

Fleet management platform Fleetx raises $19.4 mn in Series-B funding

Fleet management platform Fleetx raises $19.4 mn in Series-B fun...

Tue, Feb 22, 2022

Fleet management platform Fleetx.Io has raised USD 19.4 million (about Rs 145 crore) in series-B funding led by IndiaMart, the startup firm said on Tuesday.

India-UAE Trade Deal: Opportunities for MSMEs, start-ups to employment generation for youth; what are the benefits of the deal? See what Union Minister Piyush Goyal said

India-UAE Trade Deal: Opportunities for MSMEs, start-ups to emplo...

Sun, Feb 20, 2022

The Comprehensive Economic Partnership Agreement (CEPA) was signed between India and the United Arab Emirates on Friday.

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata based investors

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata...

Fri, Feb 18, 2022

Insuremile has raised pre-seed funding of USD 35,000 from two Kolkata based investors with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country

Mobility start-up firm Automovill launches accidental claims app to reduce cost

Mobility start-up firm Automovill launches accidental claims app...

Thu, Feb 17, 2022

Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday

RBI relief to NBFCs, MSMEs; banking regulator defers implementation of NPA circular till 30 September

RBI relief to NBFCs, MSMEs; banking regulator defers implementati...

Wed, Feb 16, 2022

In a big relief to the NBFCs, the Reserve Bank of India (RBI) has deferred implementation of its 12 November circular on the Non-Performing Assets (NPAs) till 30 September 2022. The banking regulator's relief came in after the Non Banking Finance Companies apprised the Central Bank about the difficulties being faced by the sector.

Pre-owned car retailing platform Spinny acquires AI-powered car connectivity solutions startup Scouto

Pre-owned car retailing platform Spinny acquires AI-powered car...

Thu, Feb 10, 2022

Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space

Logistics firm Xpressbees raises USD 300 mn in funding from Blackstone Growth, others

Logistics firm Xpressbees raises USD 300 mn in funding from Black...

Wed, Feb 09, 2022

"We are excited to welcome our new partners Blackstone Growth, TPG Growth, and ChrysCapital in our growth journey. With their vast network and operational expertise, we believe that they will further fuel our efforts in pursuing new opportunities and will help expand our footprint," said Amitava Saha, founder-CEO, Xpressbees

Meeting on PM-MITRA scheme today; labour rules, incentives likely to be discussed with states

Meeting on PM-MITRA scheme today; labour rules, incentives likely...

Tue, Feb 08, 2022

A meeting between the Ministry of Commerce and Textiles and the states is scheduled to take place today on Mega Integrated Textile Region and Apparel (PM MITRA) parks.

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, others

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, o...

Fri, Feb 04, 2022

Agritech startup EekiFoods on Friday said it has raised USD 2 million (about Rs 15 crore) from investors, including Avaana Capital, to expand its business and upgrade technology. The company was founded in December 2018 by IIT Bombay Alumni Abhay Singh and Amit Kumar

Budget 2022: Rs 283.5 cr allocation for Startup India Seed Fund Scheme by government; higher than RE of Rs 100 cr

Budget 2022: Rs 283.5 cr allocation for Startup India Seed Fund S...

Thu, Feb 03, 2022

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market-entry, and commercialisation

Budget 2022: MSME sector group hails budget; another trade body dismayed over absence of tax sops

Budget 2022: MSME sector group hails budget; another trade body d...

Wed, Feb 02, 2022

A leading organisation representing Micro, Small and Medium Enterprises (MSMEs) on Tuesday praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking", while another business association expressed disappointment over pandemic-hit salaried class not getting any income tax relief.

Rs 7.50 lakh crore Capital Expenditure will create 35 lakh employment opportunities: Ashwini Vaishnaw, Minister of Railway

Rs 7.50 lakh crore Capital Expenditure will create 35 lakh employ...

Wed, Feb 02, 2022

Ashwini Vaishnaw talks about the budget and says this investment of Rs 7.50 lakh crore will create 35 lakh employment opportunities during an exclusive interview with Zee Business.

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