SMEs in Distress- Beware of ‘Soldiers of Fortune’
When in distress, many SMEs chase new money and normally end in traps of mischievous elements who make tall promises and swindle money. I recently met one entrepreneur after a…
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Bank merger: Re-entry to the pre-1969 era for small businesses?
There is an apprehension that merger among the PSBs may lead to deprivation of opportunities for small businesses and startups to obtain a bank loan. Govt has been pursuing the…
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A financial safety net for MSME workers: simplified
Govt has implemented few products that benefit the workers of MSMEs if implemented comprehensively. Recently I had an opportunity to survey the financial safety net implementation by the rural population…
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Non-classifying stressed MSME Loan as NPA- It is not enough
Non-classifying stressed MSME Loan as NPA- It is not enough Govt’s recent decision to direct banks not to classify stressed MSME loans as NPA is just a temporary relief and…
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Equitable Access to MUDRA Loans – a need of the hour
MUDRA loans can transform the lives of many micro-enterprises at the lower end of economic strata, however, the delivery process requires to be toned up. I have been tracking a…
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Book Keeping and Disclosures- A need than mere compliance for MSMEs
Many MSMEs treat disclosure in the financial statements merely a statutory compliance than an opportunity to know more deep onto their finances. Recently I came across an instance of an…
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Formalisation- Timing is the challenge for MSMEs
There is clamouring for making MSMEs accepting formal processes than remain informal. However, the choice of timing (to become formal) is a matter of dilemma for many entrepreneurs. Recently one…
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Loan restructuring support for MSMEs- A positive step.
RBI’s recent move to permit banks to restructure loans of MSMEs without classifying as NPA is seen as positive for stressed MSMEs In a significant step, RBI has allowed a…
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Exploration or Exploitation- A dilemma for SMEs
Many SMEs in the post startup stage face a dilemma of exploring new areas or exploiting the existing one to sustain their entrepreneurial journey. Recently I met my college friend after a…
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The vulnerability of MSMEs to policy shocks needs urgent attention
Policy shocks like Demonetisation and GST bring to the fore a need for a mechanism to assist distressed MSMEs to secure a new lease of life. On November 8, 2016…
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