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Hey everyone, I’m working on a new fintech idea around MSME financing. If there were a platform where MSMEs could quickly get funds based on their pending invoices or confirmed orders from reputed companies, would that be something useful? What chall

1. India’s MSME sector: where dreams are built on shoestring budgets. 2. Small businesses in India: the real underdogs driving the economy (40%) 3. Need a reality check? Just try getting a loan as an MSME in India. 4. The backbone of India's econo

The challenges of MSMEs that aspiring entrepreneurs could work on solving: 1. Legal and Business Compliances Navigating the maze of legal & business regulations can be a major hurdle for small enterprises, often requiring significant time & effort

Mandatory TReDS Onboarding for Companies with Turnover Above ₹250 Crores As per Gazette Notification S.O.-4845E dated 7th November 2024, all companies with a turnover exceeding ₹250 crores are required to onboard the Trade Receivables Discounting Sy

Union Budget 2024-25: Key Highlights for Startups and MSMEs 🚀 Finance Minister Nirmala Sitharaman mentioned 'startup' just twice in her speech, but there's plenty for the startup ecosystem, manufacturing, and MSMEs in this budget! Here's the scoop:

The RBI is increasingly cracking down on unsecured lending. The NPAs (Non-Performing Assets) of unsecured loans are also increasing rapidly. Companies that used to provide loans against salaries are now changing their business models. The NPAs of MSM

Understanding Merchant Trading Merchant trading is a global business model where traders buy and sell goods without engaging in physical manufacturing or direct import/export operations. It differs from traditional import/export companies in the foll

🚀 GST Compliance Checklist for the New Financial Year ✅ A new financial year means a fresh start for your GST compliance! 📆✅ Stay ahead of deadlines, avoid penalties, and ensure smooth tax filings with this essential checklist. 📊💼 🔹 Review GST

𝗪𝗵𝗮𝘁'𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗻𝗶𝗼𝗻 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟱 𝗳𝗼𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀? The government aims to support 5.7 crore MSMEs with enhanced financial assistance and policy measures. Loan guarantees for micro-entrepreneurs will be expanded to ens

Apple invented words that we still use today! Did you know 'Podcast' was a word created by Apple? It was used as a combination of iPod and Broadcast, to describe radio like content people could listen to on their iPods The name quickly caught on