Small Enterprise - October - November 2019

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The MSME sector is one of the pillars of the Indian economy that is contributing almost 30 percent of the country’s GDP and providing employment to more than 117 million people. In a globalised world where entrepreneurship is the lifeblood of modern economies and a cherished dream of millions of innovative people, it is only fitting that the MSME sector is receiving its due recognition and attention from the Indian government.

One of the biggest roadblocks faced by budding entrepreneurs in our country is the lack of funds to start and sustain a business. To ensure that a brilliant business idea does not choke and face an untimely death, the Government of India has come up with several options for business loans and is relentlessly trying to improve the ease of doing business in the country. By withdrawing angel tax on startups, easing the corporate tax rates on businesses and announcing bank recapitalisation, the Government has shown its commitment towards addressing the problems of capital and investment in the Indian economy. From government loan schemes to micro-financing and insurance facilities for businesses, including agricultural MSMEs, there is a lot going on in the business domain that inspired us to explore this theme in this issue.

This month, we delve into the various insurance schemes available for SMEs and how they can insulate your growing business from unforeseen troubles. We will also explore the loans and schemes provided by banks and NBFCs to entrepreneurs, especially women entrepreneurs. To encourage our readers to believe in their dreams and achieve them, we have incorporated some inspiring success stories in this edition. We sincerely hope that the tips and information shared in this magazine would add value to your financial and risk management strategies and take you one step closer to success!

Happy reading!

How Are Digital Payments Helping Transform The SME Industry?

In this new age of ecommerce and digital payments, we are walking towards transforming India into a major economic powerhouse.

3 mins

Financial Schemes To Promote Women Entrepreneurship

To step out of the jungle of social taboo and patriarchal mind-set and to run a business is a huge challenge for women. But to finally win the aforesaid war and cross the hurdle of financial vulnerability is even a bigger challenge for women entrepreneurs in India. To make the business eco-system women-friendly and boost their participation in entrepreneurship, the government has introduced several banking schemes which are designed to augment women entrepreneurship and make provision for easy and cheap financial aids. These banking schemes come with features such as flexible lending terms, discounted interest rate, fewer or no collateral security, workable repayment conditions, etc. Listed below are different types of banking schemes available for women in business.

4 mins

KANIKA TEKRIWAL - FROM BATTLING CANCER TO FLYING HIGH IN THE AVIATION INDUSTRY!

“Use every no as a stepping-stone to success.

4 mins

Logistics In The E-Commerce Era

The ever-changing e-commerce scene has resulted in major changes in the way logistics work.

4 mins

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Small Enterprise Magazine Description:

The highly informative online repository for the micro, small and medium enterprises (MSMEs) in India, ‘Smallenterpriseindia.com’, is dedicated to provide current news and related information from the medium-sized business economy to the SMB fraternity on a daily basis. ‘Smallenterpriseindia.com’ online business news portal facilitates direct exchange between the large networking of the Indian SMB community and other entrepreneurs in the small and medium-sized business segment, connecting them to opportunities available domestically and globally.

‘Smallenterpriseindia.com’ is a functional professional training cockpit for the entrepreneurs which expands the comprehensive audience and complement the complete package. The portal is a repository of verified reliable professional information, providing support through useful working tools as well as online campaigns, seminars, road shows and live trainings on trend issues and important reforms. We focus on in-depth coverage of the Indian small and medium businesses, success stories, case studies etc, enabling the target audience to communicate, collaborate and understand the industry, market as well as opportunities available locally and globally in a better way.