Digital Lending Gains Momentum Among MSMEs: SIDBI Report

MSMEs merchandise export share increased to  45.7 % in FY24: SIDBI report

Small Industries Development Bank of India (SIDBI) has released a report titled ‘Understanding the Indian MSME Sector: Progress, and Challenges’ which report provides insights into the Indian Micro, Small and Medium Enterprises (MSME) sector based on a survey of 2,097 MSMEs across 19 sectors in manufacturing, services, and trading. The number of registrations Udyam Registration Portal (URP) […] The post MSMEs merchandise export share increased t…

Offering Credit Intelligence: OneScore Ushers in the New Era of Personal Loans - The Times of Bengal

A personal loan is a versatile financing option with zero end-use restrictions without any need for collateral. One can use it to consolidate debt, finance higher education, cover travel or medical expenses and more. With such benefits, one can opt for this unsecured loan to get access to funds in times of need. However, the risk of rejection is prevalent with unsecured loans as lenders have strict criteria related to credit scores of potential …

Piyush Goyal reviews Invest India operations to boost investment, MSMEs, and manufacturing

NEW DELHI : Union Commerce and Industry Minister Shri Piyush Goyal held a comprehensive review meeting and assessed the performance of union government’s Invest India, the country’s national investment promotion agency. In a post on social media platform X, Union Minister stated that the focus was on enhancing the organisation’s effectiveness and efficiency to attract greater investments. In addition, the Key discussions included strategies for …

Do it yourself: India’s MSME Challenge

Micro, small and medium size enterprises (MSME) have been widely recognized as the core of India’s development plan. MSME are not only critical from their economic importance, but are also drivers of social development. MSMEs generate large employment; help in managing regional imbalances; help in bridging income and wealth inequalities; and most importantly, enable the large enterprises to attain competitive scale and efficiency. MSMEs contribu…

What Most MSMEs Miss: Legal and Tax Compliance in Business Invoicing

This article has been contributed by Mr Cheruku Srikanth, Founder & CEO, Digital CFO.Invoices are legal evidence of business operations for India's MSMEs; they are far beyond only invoices. A compliant invoice guarantees a clear distribution of goods and services, helps to prevent tax-related conflicts, and enhances audit accuracy. Many small and medium-sized companies, nevertheless, unintentionally lack proper invoicing, which leads either lega…

Digital Lending Gains Momentum Among MSMEs: SIDBI Report

Alternative finance and digital lending are rapidly gaining ground in the Micro, Small, and Medium Enterprise (MSME) sector, according to a survey by the Small Industries Development Bank of India (SIDBI). The report notes a significant shift toward digital financial solutions, with fintech companies, banks, and lending institutions actively promoting digital literacy and building infrastructure. Though traditional lending methods remain prevale…