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Latest Articles in smes

Indian SMEs Embrace Digitalisation, Sustainability: FICCI

While the study primarily focused on the digitalisation and sustainability preparedness of SMEs in India, the survey and discussions with SMEs also bring to the fore some of the key challenges and issues faced by these enterprises in their day-to-day business

About 80% SMEs Believe Govt Funding Key To Unlock Digitalisation In Future: Report

BW Online Bureau

Economy

While 65 per cent agree that they have received funding from the government at least once, the majority of businesses feel that there should be more funding initiatives to facilitate digitalisation

About 88% SMEs Have Digitalisation Strategy In Place: Report

BW Online Bureau

Economy

According to the survey report, eight in ten SME decision-makers say that digitalisation is imperative for their company’s growth.

93% Indian SMEs Prefer Consolidated IT Tools for Productivity and Cost Savings: Report

BW Online Bureau

Economy

As SMEs face economic uncertainty, reprioritised budgets, and overburdened resources, IT decision-makers are looking for ways to maximise their investment, grow their business, and streamline their processes

Indian Tech SME Sector Revenue To Grow In Double Digits To $40 Bn By FY30E: NASSCOM Report

BW Online Bureau

Tech

The report noted that the growing tech demand means that the sector is expected to contribute 7–9 per cent to the overall FY23E tech industry revenue at USD 15 billion – USD 20 billion, higher than the pre-pandemic share of the tech industry at 4-6 per cent

Union Budget 2023: SMEs Can Now Access More Documents Through DigiLocker; KYC-Related Processes Will Be More Streamlined

Nitesh Kumar

Economy

The move will help fintech startup across the country to broaden their services and cater a more seamless experience to the users

TradeIndia Launches TI Lending For Indian SMEs

BW Online Bureau

Companies & Markets

TI Lending will address the varied challenges faced by SMEs in the country. Capital denial is one of the major hurdles that is preventing SMEs from taking the entrepreneurial plunge

Why Should SMEs Invest In Business Insurance?

BW Online Bureau

Economy

Running small businesses have their own demands and challenges, some of which are financial risks, strategic risks, reputation risks, liability risks, business interruption risks, and security risks. When an SME is setting up a company, cash flow is one of the foremost concerns

Tradeindia Aiming 30% Growth While Enabling 5.8 Mn SMEs To Go Digital In 2022

BW Online Bureau

Companies & Markets

More than 22,000 small businesses were able to enhance their online presence and increase their local business visibility using Google My Business, Tradeindia said.

India’s Fast Growth SMEs Honoured At BW Emerging Businesses

BW Online Bureau

Economy

The fourth edition of BW Emerging Businesses Awards, hosted in association with BW SME World on January 21, 2022, serves as a platform to fast-track the growth of MSMEs in India, recognising and celebrating trailblazers, innovators and disruptors in the sector

SMEs Currently Need Credit Access, Growth Capital: Srinath Sridharan

Siddharth S

Economy

“In the last two years of COVID-19 economy, we have seen a lot of hand-holding packages that the government has brought in. Are these proactive measures to enhance credit to the sector? No, not really. What do the SMEs currently need is credit access, growth capital, they want to become export-oriented firms, use digital platforms to find new markets and probably enhance their quality to attract a global audience, all of this needs money," said Sridharan.

Easing Public Procurement Process For SMEs

Arjun Yadav

Economy Policy

Alka Nangia Arora, Chairman and Managing Director, National Small Industries Corporation (NSIC) throws light on the initiatives of NSIC in making the public procurement process for SMEs hassle-free and increasing the share of SC/ST entrepreneurs in the country's total procurement

How Will Open Banking Help SMEs In India

Rohit Arora.

Opinion

Open banking is introducing a whole new way of doing business for small and medium-sized businesses, much in the same way that neobanks ushered in the personal finance revolution. While open banking is often associated with fintech firms, the access, agility and financial transparency it enables is having an impact on businesses across the board.