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About world sme day

World SME Day 2019

The World SME Day is celebrated to recognise, applaud and create awareness of contribution of micro, small and medium enterprises (SMEs) to the economy. In India, SMEs are the real engines of growth and play a significant role in the economic development of the country. The sector contributes 8% to the country’s GDP, 45% to the manufactured output and 40% to the country’s exports. It provides employment to 60 million people through 28.5 million enterprises. On this day, we want to highlight significant achievements and success rate of SMEs, also emphasising on technologies that can help the sector transform digitally.

Sme TV

On this World SME Day, watch Mr. Mihir Sanghavi, Managing Partner, Auro Group talk about how SMEs can tackle challenges to get future ready

On this World SME Day, watch Mr. Mihir Sanghavi, Managing Partner, Auro Group talk about how SMEs can tackle challenges to get future ready

Women Entreprenuers : Harbingers of Change

Women Entreprenuers : Harbingers of Change

How to file GST?

How to file GST?

SOPs for MSMEs

GST E-way Bill

What Is Data Localisation And Why Are Global Payment Players Opposing It?

What Is Data Localisation And Why Are Global Payment Players Opposing It?

Tools

Stay ahead. Stay profitable. Track the Key Performance Indicators of your business through various Utility Tools here. Get smart analysis on the go!!!

Sme News

CERT-In makes annual cyber audits mandatory for MSMEs

CERT-In makes annual cyber audits mandatory for MSMEs

The new MSME-specific framework offers a minimum cybersecurity baseline, complementing July’s sweeping audit mandate for all organisations.

OPINION | Why MSMEs should embrace online dispute resolution to address payment delays

OPINION | Why MSMEs should embrace online dispute resolution to address payment delays

India’s MSMEs face cash flow challenges due to delayed payments and tariffs. The government’s Online Dispute Resolution portal offers a timely solution to resolve payment disputes efficiently

Chart of the Day: It is not banks but shadow banks that power India’s MSMEs

Chart of the Day: It is not banks but shadow banks that power India’s MSMEs

India’s MSMEs approach NBFCs more than banks for loans, given the latter’s nimbler credit underwriting approach

Trump tariffs make it vital to fast-track trade talks with EU, New Zealand, Brazil: Assocham's Sanjay Nayar

Trump tariffs make it vital to fast-track trade talks with EU, New Zealand, Brazil: Assocham's Sanjay Nayar

Sanjay Nayar, President of Assocham said that easing credit access, cutting compliance costs and introducing a government-backed skilling programme would help integrate India's MSMEs into global supply chains more effectively.

Centre considering ‘direct-income support’ for MSME workers impacted by Trump’s tariffs

Centre considering ‘direct-income support’ for MSME workers impacted by Trump’s tariffs

The Centre has prepared a support package worth Rs 25,000 crore under the Export Promotion Mission, to provide affordable credit, improve market access and cushion from the adverse impact of tariffs.

Veritas Finance delays Rs 2,800-crore IPO as US tariffs sour sentiment for MSMEs

Veritas Finance delays Rs 2,800-crore IPO as US tariffs sour sentiment for MSMEs

Veritas Finance provides working capital loans to MSMEs in urban and semi-urban areas as well as other as affordable housing loans, used commercial vehicle loans and small business loans in rural areas, focusing on MSME space

Govt may ease defence tenders norms to attract private players

Govt may ease defence tenders norms to attract private players

The government may move to open tendering from the nomination-based system to boost competition, encourage MSME participation and indigenisation

What’s next for India’s export focused MSMEs? | Beyond Averages

What’s next for India’s export focused MSMEs? | Beyond Averages

Last week, US President Donald Trump announced an additional 25 percent tariff on Indian goods, citing New Delhi’s links with Russia. While the measure is expected to hit 55 percent of India’s exports, the heaviest blow will likely fall on MSMEs in sectors such as gems and jewellery, textiles, and apparel. The move raises pressing questions: can India’s small and medium exporters weather the tariff shock, and are there viable opportunities to redirect trade to alternative markets?

Bajaj Finance’s 2 & 3-wheeler, MSME businesses to grow slow in FY26: MD Rajeev Jain

Bajaj Finance’s 2 & 3-wheeler, MSME businesses to grow slow in FY26: MD Rajeev Jain

Two & Three-Wheeler Finance AUM declined by 20 percent on-year to Rs 15,703 crore in April-June quarter, from Rs 19,689 crore in a year ago period.

The lender with zero net NPA: How SIDBI clocked Rs 4,811 crore profit on Rs 4.96 lakh crore loan book in FY25

The lender with zero net NPA: How SIDBI clocked Rs 4,811 crore profit on Rs 4.96 lakh crore loan book in FY25

Over 91% of SIDBI’s Rs 4.96 lakh crore loan book is through banks and NBFCs, helping it post Rs 4,811 crore profit in FY25 with zero net NPAs. Despite growing profits and income, rising borrowing costs squeezed margins, but low risks kept returns stable.

Mid-sized firms are apple of a banker’s eye as EMI-induced purchases slow

Mid-sized firms are apple of a banker’s eye as EMI-induced purchases slow

Medium enterprises have grown cautious in borrowing and prefer internal accruals over bank loans for business.

Medium enterprises are only 0.3 percent of registered MSMEs but generate 40% of export income: NITI Aayog

Medium enterprises are only 0.3 percent of registered MSMEs but generate 40% of export income: NITI Aayog

The NITI Aayog report said 97% of the registered MSMEs in India are micro enterprises, 2.7% are small, and only 0.3% are medium enterprises. However, this miniscule pocket of medium enterprises contributes nearly 40% of the total MSME exports.

Fusion Finance auditors issue qualified report after Q4 FY25 results, flag ECL issue

Fusion Finance auditors issue qualified report after Q4 FY25 results, flag ECL issue

The auditors flagged the company’s decision not to retrospectively adjust previous financials for expected credit loss (ECL) provisions to the tune of Rs 1,864.91 crore, citing impracticability.

Karnataka to roll out its first dedicated MSME policy

Karnataka to roll out its first dedicated MSME policy

Karnataka’s Industries and Commerce Department will with the help of a consultant soon draft a new policy that charts a roadmap for the sector benchmarked to domestic and international standards.

MSMEs brace for a challenging year

MSMEs brace for a challenging year

Even before tariff-related uncertainty worsened economic outlook, MSMEs witnessed a slowdown in sales growth last. Trump tariffs will have both a direct impact and an indirect one on the segment. To help them, the government, in addition to its ongoing tariff negotiation with the US, needs to address issues undermining competitiveness