MSME

MSME

SafeCams: Pioneering Road Safety Through Innovative Dash Cameras

Opportunity India Desk Jan 25, 2024 - 8 min read

In 2018, a UK-based couple, Chetna and Vanesh Naidoo, returned to India with a vision—to make Indian roads safer. Believing in the country's potential as a global growth leader, they set out to address a critical gap. The lack of road safety regulations and chaos on Indian roads prompted them to consider a ...

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MSME

Strong Investor Support For Tier II And III Startups; 64% Focused On Tech Innovation

Opportunity India Desk Jan 25, 2024 - 2 min read

Nearly 44 per cent of investors actively supported startups in Tier II and Tier III cities, revealing a strong interest in untapped markets, according to a study by management consulting firm Primus Partners. The study, focusing on innovation and entrepreneurship in smaller cities, added that 64 per cent of these backers are channeling ...

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MSME

UP's ODOP Exports Soar To INR 2 Lakh Crore, Portal For E-Marketing Launched

Opportunity India Desk Jan 25, 2024 - 2 min read

Exports under Uttar Pradesh’s One District, One Product (ODOP) have reached INR 2 lakh crore, said Chief Minister Yogi Adityanath, attributing the scheme's success to its transformative impact on the state's economy. He also highlighted the state's economic progress over the past seven years, emphasizing improvements in infrastructure and connectivity. During ...

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Gig Workers Reshaping Job Market: A Rising Trend Among Startups

Opportunity India Desk Jan 24, 2024 - 4 min read

In the rapidly changing landscape of the Indian job market, the gig economy is gaining traction, reshaping traditional job roles and organizational structures. A recent survey conducted by IT industry body Nasscom and job portal Indeed reveals that 84 per cent of organizations in India are either exploring or open to adopting gig ...

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PM Vishwakarma Scheme Witnesses Enrollment Of 47.8 Lakh Artisans

Opportunity India Desk Jan 24, 2024 - 3 min read

About 47.8 lakh individuals have registered for participation in the PM Vishwakarma scheme, a government initiative aimed at integrating Indian artisans into both domestic and global supply chains for improved livelihood. Launched in September 2023, the scheme is funded by the Centre, with a dedicated budget of INR 13,000 crore. Among ...

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MSME

FinAGG Technologies Secures USD 11 Million Funding To Amplify MSME Credit Access

Opportunity India Desk Jan 19, 2024 - 2 min read

FinAGG Technologies, a fintech startup providing working capital solutions to micro, small, and medium enterprises, recently secured USD 11 million in a Series A funding round, led by Tata Capital and Schroders-backed BlueOrchard. Notable participants included the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partner. As ...

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MSME

Govt Empowers DFOs To Address Udyam-Related Issues For MSMEs

Opportunity India Desk Jan 19, 2024 - 2 min read

The Ministry of Micro, Small, and Medium Enterprises (MSME) has empowered its Development and Facilitation Offices (DFOs) in various state capitals and industrial cities across the country to address issues related to the cancellation or modification of Udyam registration certificates for MSMEs. The Ministry said that the initiative aims to expedite ...

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Anticipating Union Budget 2024: MSMEs And Startups Unveil Their Wishlist

Opportunity India Desk Jan 18, 2024 - 6 min read

Micro, small, and medium enterprises (MSMEs) are widely recognized as the growth engines propelling the Indian ecosystem forward. These enterprises, crucial to India's economic landscape, contribute approximately 30 per cent to the GDP, account for 48 per cent of exports, and provide employment to over 11 crore individuals. As the Union ...

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MSME

How CredAble And Aditya Birla Finance Are Boosting MSMEs Through Advanced Lending Solutions

Opportunity India Desk Jan 18, 2024 - 3 min read

Fintech firm CredAble and Aditya Birla Finance Limited (ABFL) have joined hands to transform MSME lending in the country with the utilization of technology and advanced analytics. Over the past six months, ABFL has experienced a surge in lead flow, with approximately 80,000 leads generated through CredAble's solution. This collaboration has ...

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MSME

Bihar Aims To Uplift 94 Lakh Families With Entrepreneurship, Self-Employment Fund

Opportunity India Desk Jan 18, 2024 - 2 min read

The Bihar Cabinet has sanctioned financial aid of INR 2 lakh for nearly 94 lakh families with a monthly income of INR 6,000 or less, endorsing entrepreneurship and self-employment through the Bihar Small Entrepreneur Scheme. The decision is based on a caste-based survey report, revealing that 94,33,312 families in Bihar fall within this ...

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