Stay updated with breaking news from Micro Units Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Read more about Microfinancing lessons from a mandi that govt-run Mudra seems to have lost on Business Standard. MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga
CAIT demands restoration of MSME status for 8 crore traders SECTIONS Last Updated: Mar 14, 2021, 10:46 AM IST Share Synopsis The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal said. ThinkStock Photos In absence of supportive policies, a large chunk of business is out of formal system, Khandelwal said, adding, it is right time for the government to take decision in this regard. NEW DELHI: The Confederation of All India Traders (C...
New Delhi, Mar 14: The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and
The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and wholesale traders who are part of the service industry. The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal told PTI. According to banking sources, about Rs 3 lakh crore loans given to them are at the risk of losing a tag of MSMEloan at the end of March when banks do their annual closure. As a result...
Why women run fewer than 13% of India’s small businesses Loan applications of female entrepreneurs are more likely to be delayed or rejected, studies show. Representational image. | Mansi Thapliyal/Reuters Software entrepreneur Niyati Chander, 30, ran into gender bias fairly early in her career. A Bengaluru-based management graduate, she had set up a software enterprise, a Micro, Small and Medium Enterprise with eight employees in June 2020. “I wanted to be in control of where I am going in life,” she said. From investors and government officials to real estate agents...