The heart of a good CRM is simply the right people executing the right processes, using the best possible and affordable tools. Today, the best tools are technology-based that help manage the relationships between companies and customers.
ZipLoan caters to the need of working capital loans for kirana stores and micro industries. Its proprietary platform ZipScore, which tests credit worthiness of a borrower, has helped maintain non-performing assets at under 3 per cent, the statement said.
The objective is aimed at achieving a vibrant and synergised MSME (Micro, Small & Medium Enterprises) ecosystem in the state.
Speaking about Chinese exports, Gadkari said 30 percent of the entire global manufacturing is based in China and there are 10 major export categories that comprise 70 percent of its overall exports, including fields like electrical machinery and equipment.
The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential during a time when they are facing a severe shortage of equity and low revenues.
The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets, Nitin Gadkari, India's minister for MSME (micro, small and medium enterprises), told a virtual conference.
Initial results of a six-month survey that is underway by GAME (Global Alliance for Mass Entrepreneurship) in association with LEAD at Krea University covering 1,500 micro enterprises also reveal that 40 percent tried to borrow money to cover expenses.
Speaking at an interaction with Ficci FLO, Gadkari said the government is mulling over the idea where the finance of up to Rs 10 lakh can be availed by women entrepreneurs within three days.
Restructuring of MSME debt will be implemented by March 31, 2021, RBI Governor Shaktikanta Das said.
In developing markets, customers have gained extraordinary power in the buyer-seller relationship.
Being a cheaper alternative, margarine is used as a substitute to butter, which has a negative impact on the income of dairy farmers.
TEA President Raja M Shanmugham said that in the first quarter of current fiscal, the All India Knitwear Exports clocked Rs. 5,355 crore against Rs.13,570 crore recorded in the corresponding period of last year with a negative growth of 60.54 per cent.
As part of the Aatmanirbhar Bharat Package, the government had announced Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.
According to a recent report by Goldman Sachs, India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach $99 billion by 2024, with grocery and fashion/apparel likely to be the key drivers.
Kumar also called for the availability of data from the GST system and payment history of the MSMEs, which would help the rating firms to estimate the probability of defaults.
The idea of reviewing the MEIS has been to use resource optimally and in a targeted way.
It is more important to look at processes and see how one can transform the same to create substantial value. Technology is just an enabler
These new initiatives build on Mastercard's multi-year partnership with the Confederation of All India Traders (CAIT) to grow digital payments awareness and support merchant on-boarding for digital commerce will help to large extent the Indian traders to overcome from the set back due to COVID-19, the industry body said.
The latest numbers on the ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector banks (PSBs), 22 private sector banks and 23 non-banking financial companies (NBFCs).
The move will help Flipkart strengthen grocery and food business that is getting increasingly competitive.
From selling sarees to pickles to offering online gym classes to virtual comedy shows, small and micro businesses now have a good presence in the cyberspace
Perhaps it is time for healthcare insurance providers to package new products to help companies find new business models and new solutions.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.
Agarwal said the programme has helped MSMEs sustain their exports business and in turn, supported hundreds of families amid the COVID-19 pandemic that has led to lockdowns and disruptions in supply chains globally.
The Central Board of Direct Taxes (CBDT) has directed Principal Director General of Income Tax (Systems) to share information with the MSME Ministry.