TI Lending, India’s first digital lending solution for SMEs, announced the disbursement of loans totalling more than INR 500 million to SMEs and MSMEs in the country within six months of its launch. TI Lending is an exclusive digital loan solution initiative by TradeIndia.com, India’s largest B2B marketplace. TradeIndia.com has collaborated with leading lending platforms like ICICI Bank, Mintifi, Indifi,…
The Agri-integrated supply chain and finance platform, Ayekart Fintech celebrates two years of its establishment in the country. Founded in December 2020, the start-up aimed to empower traditional businesses by digitizing their operations, assisting in finance, and providing value-added services. The platform started its pilot operations in June 2021, and further commercially rolled out its services in September 2021. It…
~ The newly launched solution will help India’s 70 MN+ SMEs to easily and securely create & manage their E-invoices. Keeping up with the government of India’s bullish stance on digital transformation, UpScale by CredAble, a business growth app, has launched its new e-invoicing solutions for SMEs. The solution helps businesses with financial operations management assistance as per the rules led by the…
SME banking is an untapped market in terms of digital transformation. SMEs have not benefited from the same innovation in India’s SME banking sector compared to retail clients since it has not been adequately digitalized. SMEs are frequently ignored and underutilized despite their need for simple access to financing. Most economies, especially emerging nations, depend heavily on SMEs, which also…
It would help if you had a small business that accepts payments online and in person. While accepting cash is always possible and free of credit card processing costs, small businesses must accept various payment methods. Only 36% of clients regularly carry cash on them; this poses a problem for the 55% of small businesses that do not accept credit…
Financing is a major concern for a small enterprise than the big ones for getting success. Lack of accessibility to financing is constantly observed by SMEs (small-to-medium enterprises). SME is a comfortable term for segmenting businesses and other organizations that are in between somewhere the SOHO( small office home office)size and the large enterprise. SMEs felt that financial accessibility was…
In the ball game of Business in the Indian perspective the need to acquire, invest and diversify funds meets a huge part of financing roles of the Management of any Business. Big tycoons and business giants tends to chuck out funds from diversified sources and also provide good support to the lenders in the long run of doing business. At…
India has about 60 million+ Micro Small and Medium Enterprises, including registered and unregistered ones. SMEs have contributed about 40% of total manufacturing and 34% of total exports to the Indian Economy. They have become crucial; to the country’s economic growth, leading to employment generation and entrepreneurial development. SMEs are heavily reliant on debts to fulfil their start-up needs, cash…
Small and Medium size Enterprises may be a new term in economics, but it is an ancient system in its existence. It starts from earlier small-scale animal husbandry or dairy farming to making mechanical parts. All are perfect examples of SMEs. In the present time, ancient enterprises are progressing and presented in a more polished way. The SME industry is…
We all know the idiom “if there is a will, there is a way” this will be the only mantra for the small-scale industrialists to make it bigger. Determination and challenges are essential to survive in our highly competitive business industry. First, we must keep faith within to conquer our target. Let’s look closely at the life of business tycoons.…