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Share on This week has been eventful for the small and medium business sector. After a difficult year, the sector was looking forward to the Union Budget 2021. Finance Minister Nirmala Sitharaman allocated Rs 15,700 crore to the MSME sector, besides laying a special framework for Data Analytics, Machine Learning (ML), and Artificial Intelligence (AI) to assist the sector. SMBStory spoke to several MSMEs who welcomed the new custom duties and shared their thoughts about other initiatives. This week, we also covered Bankit- a fintech company, which is helping the underbanked Tier-III, Tier-IV ...

The Indian carpet makers weaving their magic globally India’s handmade rugs have wide international appeal despite competition from machine-made varieties of Turkey, China, and the US. SMBStory curates a list of four Indian brands making their mark abroad. 0 claps Share on Carpet weaving in India dates back to the 16th century, when Mughal emperor Akbar tried bringing weavers from Persia to make rugs for his palace. Today, India is a hub of carpets that have much demand in the international market.  According to a report by Mordor Intelligence, almost 90 percent of carpets made in India ...