MSME

RBI expands scope of TReDS platform

The TReDS is Trade Receivables Discounting System. It facilitates finances for MSMEs. The major drawback of the MSME platform is that they are unable to convert the trade receivables into liquid funds. The TReDS mainly addresses this issue. Trade receivable ..

Month: 

Category: 

Punjab New Industrial and EV Policy

As the old Industrial Policy has come to an end, the Punjab Government is launching a new Industrial Policy. This is the first industrial policy the ruling government is launching since it came to power. The new Industrial policy will ..

Month: 

Category: 

Framework to implement Vivad Se Vishwas-I

During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected forfeited amounts (something like a fine) from companies that failed to oblige ..

Month: 

Category: 

Ernakulam: First District to register 10,000 new MSMEs

The Kerala Government launched the Enterprises Campaign during its 2022-23 budget. Also, the state government declared the financial year 2022-23 as the Year of Enterprises. This was done to boost the development of the MSME sector in the state. The ..

Month: 

Category: 

What is “Womaniya” initiative?

The Government e Marketplace (GeM) has launched a new initiative called “Womaniya on GeM” to empower women entrepreneurs and women self-help groups (WSHGs) to sell their products directly to various government ministries, departments, and institutions. The initiative aims to develop ..

Category: 

FIT Rank for MSMEs

TransUnion CIBIL and Online PSB Loans Limited (OPL), under the mentorship of SIDBI, collaborated to launch the FIT Rank for MSMEs. What is FIT Rank? FIT Rank is a comprehensive ranking model that leverages the information obtained from GST, bank ..

Month: 

Category: