THE STANDARD
MONEY & CAREERS
Monica Chege
In the wake of 2020, the world experienced one of the unprecedented periods in humans history. We saw business owners and entrepreneurs counting losses around the globe. Companies were forced to make adjustments to stay afloat throughout the year.
In the last quarter of 2020, we have witnessed signs of many businesses reopening, albeit with fears about the uncertainties they face. Planning for an uncertain future can be challenging, but business owners must be ready to make sound decisions to stay in business and even grow.
Well, how can entrepreneurs build their business in 2021?
In this article, we delve into some of the tips that companies or businesses can build on going into 2021. Now, if you ask any business owner whether the New Year has better opportunities, the most likely answer would be that it is “Impossible,” but that may not be the case.
68% start-ups, MSMEs didn t benefit from Centre s COVID-19 schemes, claims survey
Funding remains major problem for startups and MSMEs, survey reveals; around 28 per cent listed raising funds or loans as top challenges in 2021, while another 25 per cent were worried about finding growth
Joe C Mathew | January 15, 2021 | Updated 13:46 IST
Only 21 per cent said they benefitted from the Centre s schemes
A clutch of MSME (Micro, Small & Medium Enterprises) and startup schemes of the Centre, which were meant to help them tide over Covid-19 crisis may not have helped, an online poll by community social media platform LocalCircles says.
LocalCircles annual Pulse of the startups and Micro Small & Medium Enterprises (MSMEs)s survey finds that 68 per cent respondents did not benefit from the government s MSME and startup-centric schemes like Startup India, MSME Samadhan, no or low interest loans, Make in India, Atmanirbhar Bharat, etc, in the past 12 months.
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
BB to launch Tk 100bn stimulus for CMSMEs
Anisul Islam Noor
24th December, 2020 11:17:34
Bangladesh Bank (BB) will soon announce another stimulus package of Tk 100 billion to help revive the cottage, micro, small and medium enterprises (CMSMEs) affected by the coronavirus pandemic.
A CMSME will be eligible to get the highest Tk 5 million in loans under the stimulus deal. Microfinance institutions will be distributed the loans across the country.
The interest rate of such loan will be 14 per cent, of which the borrowers will pay 9 per cent while the government will pay the rest 5 per cent as subsidy.
CMSMEs will get loans as working capital which has to be paid within five years while the government will provide interest subsidy for a year only.