SME business

SME platform

Dividend givers seem to be outperforming the others on the SME platform: On the Main Board, however, growth companies typically do just the opposite, outrunning dividend payers.An ET study shows 47 dividend paying companies on the SME platform have clocked 45 per cent average returns from the date of listing to date. By contrast, non-dividend […]

RBI gives big relief to MSME sector

Providing major relief to the MSME sector, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues.”In continuation of support and relief to MSMEs, NPA recognition for GST and non GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019 […]

PMEGP

PMEGP a flagship programme under Ministry of MSME

The Prime Minister’s Employment Generation Programme (PMEGP) has been one of the flagship programmes of the Narendra Modi government which completed four years in office. Under this credit linked subsidy to establish new enterprises for generating continuous and sustainable employment opportunities in Rural and Urban areas of the country is offered. The Ministry of MSME […]

PayMate Acquires Digital Lending Platform Z2P Technologies to Benefit SMEs

PayMate, an early pioneer in India’s payments industry and a leading player in electronic Business-to-Business (B2B) payments space, announced  the acquisition of Z2P (Zaitech Technology Pvt. Ltd.), a digital lending platform which provides hassle-free and real-time credit using social and banking data along with proprietary analytics and AI.The acquisition is expected to be completed by […]

Heralding Manufacturing Growth

SMEs in India need to move from automation to autonomy :-The ‘Make in India’ initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022. When this growth happens, there will be two factors driving it. First, the local demand and then the capex driven by FDI. […]

Bullying of SMEs by large players must stop

Large customers call the shots when it comes to making payments to small units; the govt can help end this practice Every conference, seminar and article on MSMEs (micro, small and medium enterprises) reminds us that they are the backbone of our economy, the pillar of our exports and the largest employers. Yet, a vast […]