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Manoj Mittal appointed as Chairman and Managing Director of Sidbi
Mittal brings over 33 years of experience in the financial services sector to this role. Read more
DBS Bank India & RXIL announce partnership for pre-shipment financing solution
This offering will be particularly relevant for MSMEs and SMEs across India, enabling them to enhance cash flows to fulfil orders even before goods are delivered to buyers.Read more
PLSIND and SBI to provide financing solution to solar-interested customers
The company is targeting specific regions with high solar energy potential to increase market penetration and higher adoption. Read more
SBI projects MSME loans as key growth driver for next 5 years
SBI aims to enhance credit accessibility for small businesses by expanding availability through partner customer service points and QR codes at outdoor touchpoints in the coming months.Read more
Section 43B(h): Boon turning into bane
India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more
Nonconventional routes to MSME financing
Despite playing a vital role in the economy, micro, small and medium enterprises (MSMEs) often struggle to access affordable financing necessary for their growth. In this article, Rakesh Rao explores some non-traditional routes to ease funding pressure on MSMEs.Read more
Madan Sabnavis: The major problem for SMEs is their low credit worthiness
In this interview with Pratap Padode, Editor-in-Chief, Smart Manufacturing & Enterprises (SME), Madan Sabnavis, Chief Economist, Bank of Baroda, discusses the status of the private investment cycle, key pain points of SMEs, and some probable solutions.Read more
Esbee Electrotech Banks on Innovation and Sustainability for Grow
In this interaction with Rakesh Rao during Hannover Messe 2024, Vijay Chordiya, Designated Partner, Esbee Electrotech LLP, highlights growth opportunities and importance of sustainability.Read more
Manufacturing expected to be a key driver of expansion in India; OPEC
Consumer confidence rose to 98.5 in March from 95.1 in January, driven partly by the on-going election cycle, expected to bolster spending, particularly in rural areasRead more
MSMEs: The Fight for Financing
As India seeks to become the world’s third-largest economy by 2027, measures are afoot to resolve the funding-related challenges routinely faced by the country’s humongous MSME segment to truly transform it into a strong industrial economy backbone, says Manish Pant.Read more