SME Finance


May, 2013

A Tool for Financial Inclusion and Consumer Empowerment in India

Financial literacy is considered an effective tool for financial inclusion as both go side by side. When people are aware about financial products and market they will be inclined towards financial products which will increase financial inclusion. Final goal of any financial program is to empower consumer.

Mar, 2013

Financial Restructuring of SMEs

SMEs are backbone of Indian economy. They contribute around 45% of industrial output, about 40% of exports and employ more than 60 million people. Across verticals, SME are worried a lot as the payments are getting delayed, customer confidence is slowing down and cost of doing business is moving northwards.

Jan, 2013

Promise, Protection & Practice - MSE Banking Code

How to get timely and adequate Finance is a very tough exercise for any Micro and Small, mainly Micro Enterprise. Government survey has indicated still 90% of total Micro units in India are to procure it from relatives, friends and private money lenders only. The 'Code of Bank's Commitment to Micro and Small Enterprises' [MSEs Banking Code] is therefore not only a ray of hope but an advancement and assertion in disbursement of credit to MSEs in general. When published for first time in May 2008, MSEs Banking Code was 'VOLUNTARY' and hence was merely Bankers Wish List, though called as commitment. The recently revised and declared in August 2012 MSEs Banking Code is 'the COMMITMENT' as the word voluntary finds no place now. This improvement is a welcome move on the part of Banking Codes and Standards Board of India [BCSBI]. As said by BCSBI, “the Code represents best practices agreed by us as our commitment to you.” [Here you = MSEs].

Jun, 2012

CGTMSE SCHEME -A WIN-WIN SITUATION

Micro, Small and Medium Enterprises constitute the backbone of the Indian economy. The 26 million MSEs in India contribute roughly 10% to the GDP, employ more than 60 million people and contribute almost 45% of the total manufacturing output and 40% of the total exports.

Credit Ratings Help SMEs to Access Capital

Prevailing information asymmetry within the MSMS sector impedes supply of adequate quantum of finance. The banking and financial service institutions are unable to take decisions due to lack of structured and analyzed information on the MSMEs. In such a scenario, credit rating for the MSMEs provides to be beneficial in building confidence of the formal channels of lending on the MSMEs.

Apr, 2012

Recent Trends in Credit Rating; Corporate Governance

An SMEs desire to obtain a credit rating is often motivated by its need for getting Bank finance at a subsidized rate / issuing debt-related instruments in capital market. However, information asymmetry problem is one of the major obstacles to the unit’s endeavor. To reduce the information asymmetry problem, the unit has to seek a credit rating from an independent credit rating agency.

Mar, 2012

MSME Financing

Present State of our Economy The markets are in jittery, and for valid reasons. The rupee has hit an all-time low of Rs. 53 and macroeconomic indicators of the economy are sagging. Industrial production is on a downward spiral. Policymaking is ground to an apparent halt, and the rollback of the decision to open up multi-brand retail has sapped investor confidence. The negative growth registered in industrial production in October, a sharp 5.1% decline, and shows that industrial productivity is slowing far more rapidly than expected.

Jan, 2012

SME Enterprises: A Road Map to Fulfill an Under Delivered Promise!

The contribution of SME to the Indian economy is over 10% of the GDP. It accounts for nearly 35% of the manufacturing and 40% of the exports. The role of the SME in the employment generation can hardly be discounted. The SME sector is truly representative of the spirit of the Indian entrepreneurship. It is all about frugality in the business and survival of against all odds. It is based on native intelligence and being extremely street smart.

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9 Comments >>
biswaranjan kar
21 May 2013 (03:46:14)
Sir myself Biswaranjan Kar starting a medicine wholesale business since 10 months ago and i have invest my all funds and i want to grow my business but i have no finance for extend my business so i want to know about cgtmse scheme from my friend if there is any circumstances for finance to growth my business i want to take loan form your any nationalized bank . So please confirm me as soon as possible . Biswaranjan Kar M/s Maa Anandai Agency ,Plot No-1791,Uttrol,Mahanapur,Rameswar,Cuttack -754201,Orissa Cell No-9437080334/9178791700
K.P.Sasidharan
14 May 2013 (00:18:12)
We have a Coir matting hand loom unit with primitive technology, its operation very tiresome and low benefits ,we intended to switch over the primitive modus operandi with new technology .The concerned commodity board have no such like scheme to upgrade for which the sector sought after since long back
ravi chand
13 May 2013 (05:25:39)
sme finance books
H S Shama Sundar
27 Apr 2013 (03:47:23)
I am addressing on 27 4 2013 senior officers of a nationalised Bank on role of Banks in strategising MSME growth at Bangalore and Marketing strategies H.S.Shama Sundar Motivational Speaker and SME Business Strategist
rakesh
07 Apr 2013 (05:06:06)
We are central government associate dealing with Government subsidy, We are providing State and Central Government subsidy, Central Government : CLCSS : If SME Entrepreneur bought new automatic machinery for the purpose of mass production against term loan from any scheduled and nationalist bank, so that SME Entrepreneur can claim 15% capital refund from Central Government. for more information call in 08286008833
Kanu Majumder
06 Feb 2013 (10:14:04)
I Business Man My Company Name Sree Krishna @ Co my lone 200 Lakh
rekha verma
28 Jan 2013 (23:04:56)
I want tostart my own business but i i don't have money. I want SME loan.Please tell the process of SME loan.
Atraf Ahmed
18 Jan 2013 (05:58:41)
I want to strat a Business. Please guide me what types of business suit for me. I am a M.B.A (Finance) student.
RANJIT KU MOHANTY
27 Dec 2012 (07:09:18)
I WANT THE DETAILS OF CGTMSE COLLATERAL FREE LOAN FORMS AND ETC FOR MANUFACTURING UNIT