MSME Loans Within 59 Minutes: is it really possible?
The government announced a new scheme for small and medium business owners as a festive gift, ‘business loans / MSME loans within 59 minutes. The announcement had the business world buzzing with excitement as the scheme promises business loans up to `1 Crore. However, little else was clear about the due process to be followed …
Indian Government Reduces the Tax Burden on SMEs
Indian economy has stayed robust for the past few years. Global credit rating agencies continue to display confidence in the Indian economy and the government is also optimistic about meeting its fiscal targets. This in turn has prompted the government into taking on some bold reforms to the Indian economic system in the past. In …
How WhatsApp for Business can Benefit your Small Business
WhatsApp has effectively replaced the traditional SMS in India. There are two primary reasons behind the platform’s success – a fall in mobile data costs and the advent of affordable smartphones. The success of WhatsApp eventually invited the interest from the American IT giants and soon after it was taken over by Mark Zuckerberg’s Facebook, …
Demystifying MSME Loans
MSME Loans – Risky and Profitable Business Types Micro, Small and Medium Enterprises are the largest employment providers in India. Their contribution to overall employment in the country is pegged at 69%. Also, the MSME sector is responsible for almost 45% of the manufacturing industry and drive 40% of our total exports. These are significant …