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Railway modernisation presents big opportunity for SMEs
During a virtual discussion forum on railways, organised by the FIRST Construction Council (FCC), an infrastructure think-tank, industry experts highlighted business opportunities for industry (especially for SMEs) in the developing rail infrastructure segmentRead more
India's SMEs: Navigating digitalisation and sustainability challenges
A study grounded in nationwide survey encompassing over 600 Small and Medium Enterprises (SMEs) across 14 cities sheds light on the evolving landscape of digital transformation and sustainability practices within these SMEs.Read more
FICCI’s report on SMEs in India shows increase in tech adoption
The Federation of Indian Chambers of Commerce and Industry released its report on Small and Medium Enterprises (SMEs) in India in New Delhi. The report highlights how SMEs are adapting to the digital transformation, adopting sustainability practices and challenges.Read more
How ESG is catalysing India's SMEs for global competitiveness
A new mandate emphasising environmental, social, and governance (ESG) compliance has surfaced, demanding India's attention if it wishes to secure its place in the international marketplace.Read more
SMEV urges unified road tax exemption policy for EVs nationwide
In a letter addressed to the Union Minister of Road Transport and Highways, Nitin Gadkari, SMEV emphasised the critical need for a stable and supportive policy environment to expedite the transition towards electric mobility in India.Read more
Tata Power Solar, SIDBI sign MoU to offer easy financing to MSMEs for solar adoption
MoU signed in the presence of Union Minister of State for Finance, Dr Bhagwat Karad at the Global SME Finance Forum 2023, Mumbai.Read more
SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more
Bajaj Finance plans to venture into SME, 4-wheelers, tractor financing
During Q1FY24, Bajaj Finance recorded a significant increase, with 79.94 million new loans, representing a 34% growth compared to the previous year.Read more
DBS Bank India targets $1 bn SME loan portfolio by 2025
DBS India's SME portfolio stands at around Rs 5,000 crore, exhibiting a robust Compound Annual Growth Rate (CAGR) of 40% over the past three years.Read more
Tally Solutions launches TallyPrime 3.0 to help SMEs fast-track their growth
Powered with simpler, more flexible and an easy-to-use features, the new 3.0 version of TallyPrime is a comprehensive business management solution.Read more