November 24, 2020

Category: MSME

MSME

How Digital Lending Led To Growth For Micro Businesses In India

Over the last 2 years, micro-businesses from the MSME sector have seen the maximum growth – even in the face of a pandemic. How did that happen? It’s probably because of digital lending innovation. Also, India has over 6.3 crore MSMEs out of which 6.30 crore, 99.4% are micro-enterprises. A report by Transunion CIBIL and […]

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MSME

GST Amnesty Scheme 2020: Everything You Need to Know

The Finance Ministry recorded its highest GST collection since February this year – at a total of  ₹1.05 lakh crore. This number is 10% higher than the amount collected last year, in the same month. Rs 1,05,155 crore of gross GST revenue collected in the month of October 2020. Read more https://t.co/Q51KvtEqiL pic.twitter.com/PhpaoJuccD — Ministry […]

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MSME

3 Things MSMEs Want from Indian Government for Post-COVID Recovery

MSMEs are slowly getting back to business. A little aid from the Government can help the backbone of the Indian economy straighten up faster. We explored some MSME expectations from the government for faster recovery from the COVID effects. A study shows that MSMEs have the potential to add $300 billion to the GDP by […]

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MSME

3 Indicators MSMEs are Bouncing Back This Festive Season

October marks the 8th month since lockdown and COVID took over the country, and looking back, MSMEs have held out in the worst of the storm. MSMEs are optimistic for the festive season too despite the pandemic forcing cost cuts and job losses. An American Express Survey showed that 80% of small business owners are […]

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MSME

3 Lesser-Known Small Business Grants for the Indian MSME Sector

Since COVID, the Government has issued small business grants to help the Indian MSME sector find stronger footing. But did you know that Google, Facebook and Amazon have contributed to issuing small business grants too? While the Government is financially supporting MSMEs during this time, there are a few private conglomerates that have taken on […]

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MSME

How the ₹2.3 lakh CR GST Shortfall is Impacting MSMEs

The Indian government is facing a ₹ 2.35 lakh crore GST shortfall. If you have not received your GST returns from the state or the centre it is because of the coronavirus. Read on to know how the shortfall is impacting businesses and what you can do to manage GST problems for your business. Why […]

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MSME

How To Use The TReDS Platform To Manage your Working Capital Needs

The Trade Receivables Discounting System or TReDS is a 2018 initiative by the RBI. The platform could help small businesses now more than before. In this blog, we will explore the different features of the TReDS platform that all MSMEs need to stay updated on. You will also find out how you can manage your […]

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