MSME loan approval in 59 minutes is a Diwali gift from the government for the micro, small and medium enterprises. Small Industries Development Bank of India (Sidbi) has set up this portal. As a part of the government’s support and outreach initiative for MSMEs, there will Relaxation in labor law Changes in company laws Easier…
Support and Outreach Initiative for MSMEs
Support and Outreach Initiative for Micro, Small and Medium Enterprises (MSME) will be launched by Prime Minister, Narendra Modi in New Delhi. This is to provide MSMEs with access to financial markets, credit, higher cash flow and online loans of upto Rs 1 crore in 59 minutes. There will be other vital issues related to…
Government to Announce Support Steps for Small and Medium Businesses
According to the finance ministry, On November 2, 2018, Government is likely to announce measures to support the small and medium businesses in New Delhi via program to be launched by Prime Minister Narendra Modi. This will include increased access to financial market where the central bank is likely to relax norms for lending money…
SMEs to Get Trained on Using WhatsApp Business
Confederation of Indian Industry (CII) is to partner with WhatsApp and educate small-medium business owners (SMEs) on WhatsApp Business app. This will help them build a better connection with their customers and expand business reach. There will be on-ground training as well as webinars for business owners across India. WhatsApp has been a business platform…
Moglix Wins Rank 1st in Deloitte India’s Technology Fast 50 Awards 2018
Another proud moment for Moglix! 26th October 2018: Deloitte India awarded Moglix rank #1 in the Deloitte’s Fast 50 India Award 2018 in Bangalore. Moglix got recognized for it fast growing and dynamic technology that helped it record a massive 11,836% of average growth over the past three financial years. Moglix aims to digitize supply…
Moglix among the BT India’s coolest startup list 2018
“In the last couple of years, though, we were seeing many applications touting all new products and ideas that had been conceived and developed entirely within the country. Some of the home-grown entrepreneurs are not only hoping to crack the domestic market but also win success overseas. They are likely to revolutionize entire industries as…
MSME Loan of Upto 1 crore in 59 minutes
Now, MSMEs can get a loan via an online portal for an amount of up to Rs 1 crore Source: The Economic Times
Ecommerce Companies to Deduct 1% TCS under GST from October 1
GST law has again come up with something new and crucial for all dealers/traders selling goods/services online and the e-commerce aggregators. What’s new for eCommerce aggregators? From now, e-commerce companies will be required to deduct and deposit 1% of transaction amount as tax. They need to deposit the tax deducted by the 10th of the next month….
SMEs of India — Boosting Indian Economic Growth
Small and Medium Enterprise or SME is a silent and powerful revolution occurring in the nation. India has approximately 42.50 million SEMs that make up 95% of the total industrial units. These make a significant share in India’s GDP of around 6.11% in the manufacturing sector and 24.63% in the service sector. Maintaining an average…