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February 21, 2022

Credable – Here is what the MSME sector needs from the government in order to be Atmanirbhar

No budget is complete without mentioning MSMEs in it. Industry stakeholders are expecting a lot from this Union Budget and here is what they want for the growth of the MSMEs in India

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February 17, 2022

MSN – Budget 2022: 8 MSME-related announcements FM Sitharaman made and here’s what experts have to say

Ease of Doing Business for MSMEs: Credit availability to MSMEs remained the centerpiece in the announcements related to the MSME sector by Finance Minister Nirmala Sitharaman in her budget presentation on Tuesday.

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February 15, 2022

Verve Times – Eclgs: FM Announces Extension Of ECLGS By Another Year

Finance Minister Nirmala Sitharaman on Tuesday announced the extension of the emergency credit line guarantee scheme (ECLGS) by another year and expanded the guarantee cover by another Rs 50,000 crore specifically targeted at the crippled hospitality sector.

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February 13, 2022

Free Press Journal – Digital economy-focussed Budget; will expedite growth of fintech

The Union Budget overall looks positive and is focussed on an economic recovery mindset, with the pandemic and its repercussions as its premise,s said fintech sector and those in the finance sector. It is a growth-oriented budget offering a slew of measures to drive consumption, investment, and economic revival in the aftermath of the pandemic,

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February 1, 2022

Financial Express – Budget 2022: 8 MSME-related announcements FM Sitharaman made and here’s what experts have to say

Ease of Doing Business for MSMEs: With access to more credit in the coming financial year, the government sees better recovery for MSMEs from the pandemic impact along with more employment generation through digital channels.

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February 1, 2022

India.com – ECLGS Scheme Extended Till March 2023, FM Says In 2022 Budget Speech

The ECLGS was announced as one of the key components of the Rs 2 trillion economic stimulus package under the ‘Aatmanirbhar Bharat Abhiyan’ in May 2020. It offers additional working capital finance in the form of a term loan to MSMEs and professionals.

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February 1, 2022

Your story – How startup ecosystem and India Inc responded to Union Budget 2022

Finance Minister Nirmala Sitharaman presented Union Budget 2022 on Tuesday, which touched upon all aspects of the economy — from infrastructure development, education initiatives, to instituting the National Tele-Mental Health programme.

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February 1, 2022

Deccan Herald – Union Budget 2022-23 reactions highlights

“Budget 2022 brings a sense of optimism and reflects the government’s continued focus on ‘Make in India’, decreasing the dependency on imports. Duty concessions to promote electronic manufacturing will help the industry sustain itself while recovering from the challenges of the pandemic.

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February 1, 2022

Economic Times – FM announces extension of ECLGS by another year

Finance Minister Nirmala Sitharaman Tuesday announced the extension of the emergency credit line guarantee scheme (ECLGS) by another year and cast the safety net wider, giving lenders sufficient comfort to boost credit flows to sectors battered by the pandemic.

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February 1, 2022

Media Brief – BFSI leaders welcome ‘forward-looking’,’growth-centric’ Budget 2022

The 2022-23 budget finely balanced fiscal retreat with supporting economic recovery. The budget focussed on a familiar strategy of driving capital expenditure to drive growth, with the intention of crowding in private investment through higher public spending.

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February 1, 2022

Trak – Budget 2022: This Is How India’s Top CEOs, Entrepreneurs Reacted To Budget (Good, Bad, Ugly?)

Finance Minister Nirmala Sitharaman has announced the Budget 2022, and there has been mixed reactions to it. We covered the budget announcements via live blog, and highlighted the top 5 announcements that every entrepreneur should be aware of. Let’s find out how India’s top entrepreneurs & CEOs have reacted to the budget announcements, right here!

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January 31, 2022

SME Futures – Here is what the MSME sector needs from the government in order to be Atmanirbhar

No budget is complete without mentioning MSMEs in it. Industry stakeholders are expecting a lot from this Union Budget and here is what they want for the growth of the MSMEs in India Last year, in the budget for 2021-22, a number of steps were taken to support the MSME sector, and the government allocated

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January 17, 2022

Media Brief – EXCLUSIVE | Vikesh Agrawal, AJVA Fintech: eMSME envisions to become the one-stop MSME knowledge hub

Currently, India is emerging as a global innovation hub where Startups have created over 6 lakh jobs since 2016. Around 45% of the start-ups are from Tier-2 and Tier-3 cities with approximately 45% amongst them are represented by women entrepreneurs.

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January 11, 2022

BW Disrupt – Tax Implications On Investment In Cryptocurrency

With the prominence of the ‘Digital India’ initiative, digital/online transactions have become mandatory and are widely used across all sectors. People have been well-acquainted with popular digital transaction methods like bank transfers, credit or debit cards, Google Pay, etc. However, the emerging and one-of-a-kind addition to the entire digital transaction spectrum is Cryptocurrency.

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January 10, 2022

Dataquest – How can financial transformation help start-ups grow?

The eMSME has been a key observant in the MSME space for the last few years, thanks to its domain experts. eMSME believes that operating with limited resources and a lean team is typical in the start-up space.

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November 30, 2021

CNBC – AJVA Fintech launches “eMSME Saarthi”

AJVA Fintech, an end-to-end solutions provider of MSME services has announced the launch of the MSME scheme discovery platform called “eMSME Saarthi”. As per the company, the platform will bring a developmental change in providing transparency to all the Micro, Small and Medium enterprises in disseminating information about government schemes.

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November 30, 2021

BW Disrupt – AJVA Fintech Introduces “eMSME Saarthi”

eMSME Saarthi has a very important functionality called “Regulatory Health Check”, to make MSMEs more structured and know whether they have all the licenses and registration required for their business category.

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October 7, 2021

Government issues guidelines for PM Cares for Children scheme

The Ministry of Women and Child Development on Thursday issued detailed guidelines for PM CARES for Children, a scheme that lends support to kids who were orphaned during the covid-19 pandemic. The objective of the scheme, which was announced by Prime Minister Narendra Modi on 29 May, is to ensure comprehensive care and protection of […]

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October 6, 2021

Udyam portal completes 5 million registrations: MSME Secy

As many as five million Micro, Small and Medium Enterprises (MSMEs) have registered on the Udyam portal and the industry should promote registrations on the portal, a senior government official said on Wednesday. The objective of the portal is to provide

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October 5, 2021

FinTech Market to Grow at a CAGR of 26.87% During the Forecast Period

Global FinTech Market was valued at USD7301.78 billion in 2020 and is expected to grow at a CAGR of 26.87% during the forecast period on account of the increasing popularity of digital payments, the increasing investments in Al…   

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October 5, 2021

GST: E-way bill generation at a six-month high in September

Higher e-way bills generation is reflected in higher GST revenues. GST collections came in at Rs 1.17 lakh crore in September (largely August transactions), up 23% year-on-year and 4.5% month-on-month. E-way bill generation for goods transportation under the Goods …

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October 4, 2021

Delhi govt extends deadline for fixing plans for 24 industrial clusters

The 24 industrial clusters, which have been notified in batches since 2005, operate in areas that are part of rural villages (non-conforming areas) The Delhi government has decided to extend the deadline for submitting layouts for redevelopment of 24 industrial clusters in non-conforming areas (villages) in the Capital till June 30, 2022. But the issue […]

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October 4, 2021

Do MSMEs need Rs 20,000 crore Subordinate Debt scheme that’s been extended till March 2022?

Credit and Finance for MSMEs: The scheme’s purpose was to provide guarantee coverage for CGSSD to offer subordinate debt support with respect to the restructuring of stressed MSMEs viz. SMA-2 and NPA accounts…

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October 4, 2021

Jupitice launches digital court to resolve disputes in MSME sector

NEW DELHI: India digital court, developed by Jupitice Justice Technologies, has now come up with a MSME court to resolve the rising disputes in this sector. Considered as the accelerator…

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September 29, 2021

Govt extends emergency credit scheme for MSMEs till 31 March, 2022

In order to support Covid-hit MSMEs further, Centre on Wednesday announced an extension of its Emergency Credit Line Guarantee Scheme (ECLGS) till 31 March, 2022, or till guarantees for an amount of ₹4.5 lakh crore are issued under the scheme, whichever is earlier. The Ministry of Finance also announced that the date of disbursement under the […]

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September 29, 2021

MSME Minister Narayan Rane launches new portal to boost MSME exports globally

Trade, import, and export for MSMEs: The Commerce Ministry on Wednesday had approved a capital infusion of Rs 4,400 crore into the state-owned ECGC over a five-year period from FY22 to FY26 to boost exports.

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July 15, 2021

World MSME Day 2021: Putting MSMEs at the heart of inclusive and sustainable recovery

The United Nations commemorates 27th June as World Micro, Small and Medium Enterprises (MSMEs) Day. MSMEs continue to be heavily impacted by the….

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July 7, 2021

MSMEs seek more time to repay emergency loans, call for ECLGS 3.0

NEW DELHI: An industry body representing micro, small and medium enterprises has written to the Reserve Bank of India seeking to defer payment of instalments of emergency loans…

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July 5, 2021

Mswipe develops MSME score for risk based credit

NEW DELHI: Helping banks, financial institutions and non-bank finance companies (NBFCs) to better assess micro, small and medium enterprise (MSMEs) for credit solutions…

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