Page 8 - Msmes

Amazon leads $10-million investment in MSME fintech startup M1xchange

The round also saw participation from BEENEXT and Mayfield

Amazon announces $250 million fund to help MSMEs go digital in India

Amazon India Global SVP and Country Head India Amit Agarwal said the fund is targeted at empowering the best ideas, and attracting visionary entrepreneurs

Longer forbearance will help in conversion to a bank, says Y S Chakravarti

We are not going in for external funding. We have decided that SCUF will fund them, says Shriram Group MD

Payments banks can now hold max balance of Rs 2 lakh per customer

The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect

Helped 2.5 mn MSMEs in India go online, enabled exports worth $3 bn: Amazon

Amazon India on Thursday said it has digitised 2.5 million MSMEs, enabled cumulative exports worth $3 billion and helped create nearly one million jobs in the country

Insolvency law changes to give better resolution framework for MSMEs: Govt

The government on Wednesday said the latest amendments to the insolvency law by way of an ordinance are aimed at providing an efficient alternative resolution framework for MSMEs

NITI Aayog considers separate PLI scheme for MSMEs, examines biz models

Seeks different schemes for firms with higher targets, and smaller ones

Covid-19 defaulters can use MSME pre-packaged insolvency scheme

The detailed rules of the scheme specifying the minimum threshold of default will be notified soon

IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain

Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and preserves jobs too

Govt amends insolvency law; introduces pre-packaged resolution for MSMEs

Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law.

Corporate affairs ministry facilitates tracking down of payments to MSMEs

From the next month, companies are required to disclose trade payables according to their ageing - less than one year, 1-2 years, 2-3 years, and more than three years - in their financial statements

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

Star SME: How Alkyl Amines Chemicals is tapping local, global demand

Large capacities and efficient use of capital have been key to Alkyl Amines Chemicals' profitable growth

90% start-ups, SMEs unwilling to continue remote working post Covid: Report

On the other hand, 67% large Indian corporates want their employees back in the office, says a report by employment website Indeed India

Udyam certificate provides access to cheaper credit: Check details here

If you don't have GSTIN, wait till further clarity on whether the same is mandatory for registration

Gadkari inaugurates technology centres in Andhra, MP to boost MSME sector

He also inaugurated three extension centres of big technological centres and seven mobile Udyam Express

Top headlines: India entry into global bond indices put off, SMS rules held

With the suspension of the IBCcoming to an end, the government is preparing a special relief framework for medium and small enterprises that are still grappling with the pandemic crisis

Special insolvency relief framework for Covid-hit MSMEs in the works

Such firms may be allowed to opt for pre-packaged deal

Govt to increase budget for MSMEs next year: Odisha CM Naveen Patnaik

Patnaik said that the funds for the Micro, Small and Medium Enterprises (MSME) department will be substantially increased by the state government in the next state budget

Extend PLI scheme to all MSMEs amid Covid-19 pandemic, says NITI Aayog

The recently announced PLI scheme for the telecom sector extended the incentives to MSMEs.