Category: Finance

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 make up the bulk of enterprises globally. The World Bank claims that SMEs, which account for 90% of firms and more than 50% of employment, are crucial drivers of job…

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 card payments. And it appears that the COVID-19 outbreak will further accelerate this move away from cash. A recent poll found that 60% of participants thought the United States was…

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 the barrier to business growth. Even support from commercial banks and financial institutes is often considered to be costly and full of risk. Even SMEs are broadly unattended in the…

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 this point the Small and Medium Enterprises (SME) and Small Scale Industries (SSI) find it difficult to curb out the funding or the minimum finances required for their various activities…

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 flow and investment needs. Therefore, bank lending becomes the most common source of external finance for many SMEs. The government has taken a variety of measures to support SME access…

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 growing daily and plays a vital role in the national economy. And it will perform well on global industrial platforms too. A good source of capital is the basic need…

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. We get similar things rather than a wish and will: hard work, proper business strategy, and goodwill. It is a challenging motto to establish own business and its sustainability. There…