-Business Standard The survey discovered that securing capital remains the biggest challenge The number of women-led MSMEs in India has jumped from 2.15 lakh to 1.23 crore in just a decade. However, they face a finance gap of $158 billion and largely rely on informal sources, said a survey by Indifi Technologies, a lending platform for MSMEs, titled ‘Understanding what women-led MSMEs want’. The survey was launched to understand needs and challenges of...
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MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »Jalpaiguri : Farmers on the boil over cold storage
-The Telegraph They also torched the office of a weigh bridge and damaged it, pelted stones and blocked roads, demanding that all should get adequate bonds to store their produce Jalpaiguri: Violence sparked in three locations on the outskirts of Jalpaiguri town, on Thursday as hundreds of potato farmers, who crowded in front of cold storages to collect bonds to store their produce, resorted to protests after alleging anomalies in the distribution...
More »Unable to access various state govt. schemes & benefits, many tenant farmers have committed suicides in Andhra Pradesh, reveals a new report
-Press release by Rythu Swarajya Vedika dated March 8, 2022 A new report on tenant farmers in Andhra Pradesh by Rythu Swarajya Vedika reveals how the denial of land owners' signatures on the Crop Cultivator Rights Cards is adversely affecting them. The Rythu Swarajya Vedika (RSV), a network of organizations and individuals working for the well-being and rights of farming community, released Part-1 of the report of its extensive study of tenant farmers...
More »How GST is killing small businesses with inspector raj and suffocating compliance -Ritesh Kumar Singh
-ThePrint.in GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments. The introduction of the Goods and Services Tax or GST was supposed to create a unified market of 1.4 billion people and encourage entrepreneurship and job creation. The other aim was to bring more and more firms into the formal sector of India’s economy, which will help expand the tax...
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