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<ul><li><cmsannotation type="cmsannotation" annotationid="about" comment="event_nav" text="About the Summit"><span data-til="noop">About the Summit</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="themes" comment="event_nav" text="Themes"><span data-til="noop">Themes</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="who_will_attend" comment="event_nav" text="Who will Attend"><span data-til="noop">Who will Attend</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="agenda" comment="event_nav" text="Agenda"><span data-til="noop">Agenda</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="why_attend" comment="event_nav" text="Why attend"><span data-til="noop">Why attend</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="videos" comment="event_nav" text="videos"><span data-til="noop">videos</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="contactus" comment="event_nav" text="Contact us"><span data-til="noop">Contact us</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="insights" comment="event_nav" text="Insights"><span data-til="noop">Insights</span></cmsannotation></li></ul><cmsannotation type="cmsannotation" annotationid="video" comment="top_panel" text="https://slike-i.akamaized.net/3q/m9/3n3qm9l66u/720p_1600.mp4"><span data-til="noop">https://slike-i.akamaized.net/3q/m9/3n3qm9l66u/720p_1600.mp4</span></cmsannotation><br /><cmsannotation type="cmsannotation" annotationid="About the Summit" comment="about_title" text="About the Summit"><span data-til="noop">About the Summit</span></cmsannotation><br /><cmsannotation type="cmsannotation" annotationid="Description" comment="about_desc" text="The collective might of the 6.3 crore Micro, small, and medium enterprises (MSMEs) can not be overstated. They are the load-bearing pillar of the Indian, and have steadily marked their path to recovery post the pandemic. While a lot can be attributed to the government’s policy push and innovative financing solutions, technology and digital transformation has also been a game-changer. Tech has helped MSMEs resolve issues, discover new markets, deal with regulatory compliances and navigate logistical challenges to drive meaningful business growth.India’s journey towards a five trillion economy is going to be powered by these engines of innovation!At Business Insider India, we seek to highlight not just the potential, but the need for renewed thinking to supercharge the country’s MSME sector. MSME Exchange aims to provide a platform for businesses, regulators, industry leaders, experts to come together and share ideas, talk about challenges and solutions that will transform the MSME sector for decades to come."><span data-til="noop">The collective might of the 6.3 crore Micro, small, and medium enterprises (MSMEs) can not be overstated. They are the load-bearing pillar of the Indian, and have steadily marked their path to recovery post the pandemic. While a lot can be attributed to the government’s policy push and innovative financing solutions, technology and digital transformation has also been a game-changer. Tech has helped MSMEs resolve issues, discover new markets, deal with regulatory compliances and navigate logistical challenges to drive meaningful business growth.<br />India’s journey towards a five trillion economy is going to be powered by these engines of innovation!<br />At Business Insider India, we seek to highlight not just the potential, but the need for renewed thinking to supercharge the country’s <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword> sector. <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> aims to provide a platform for businesses, regulators, industry leaders, experts to come together and share ideas, talk about challenges and solutions that will transform the MSME sector for decades to come.</span></cmsannotation><br /><br /><cmsannotation type="cmsannotation" annotationid="who_all_attend" comment="wwa_title" text="Who will Attend"><span data-til="noop">Who will Attend</span></cmsannotation><br /><ol><li>                    <div type="image" title="MSME investors, venture capitalists, leaders from financial institutions, think tanks and consultants" msid="101167223" hostid="261"></div></li><li>                    <div type="image" title="Ministers, Government representatives, leaders from industry bodies" msid="101167231" hostid="261"></div></li><li>                    <div type="image" title="MSME champions &amp;amp; stars in the making - startups, innovators and entrepreneurs" msid="101167252" hostid="261"></div></li><li>                    <div type="image" title="Business leaders, owners and promoters across sectors" msid="101167300" hostid="261"></div></li></ol><cmsannotation type="cmsannotation" annotationid="themes" comment="themes_title" text="Themes"><span data-til="noop">Themes</span></cmsannotation><table class="redcator-table-advance"><tbody><tr><td>Policy</td><td>FOSTERING MSMES</td><td><ol><li>Building the right environment for MSMEs to thrive.</li><li>Deliberations on policy issues, and industry-first solutions.</li><li>Creating the ecosystem for entrepreneurship in the MSME space</li></ol></td></tr><tr><td>Finance</td><td>NEED FOR INNOVATIVE FINANCING</td><td><ol><li>Making capital affordable and accessible for MSMEs across the value chain</li><li>Direction for regulation to help strengthen MSME financing</li><li>Technology as an aid for improved financing</li></ol></td></tr><tr><td>Technology</td><td>BRAVING THE DIGITAL WORLD</td><td><ol><li>Is digital transformation the answer to challenges faced by small businesses?</li><li>SaaS and MSMEs - Using innovative business models to foster digital innovation</li><li>Hear from the best in business about tech solutions for empowering and building a competitive MSME landscape</li></ol></td></tr><tr><td>Marketing</td><td>BRAND BUILDING FOR SMES</td><td><ol><li>Omni-channel marketing for MSMEs and synergising online and offline brand building </li><li>Building customer loyalty through engagement. Adding a personal connection to marketing</li></ol></td></tr><tr><td>Social e-commerce</td><td>UNLOCKING MSMEs POTENTIAL</td><td><ol><li>From interaction to transaction - unlocking e-commece potential for Indian MSMEs</li><li>Sell and earn: Making e-commerce simple and easy for new entrepreneurs</li></ol></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>   <br /><div type="embedgroup"><title>Videos</title> <div type="Youtube" id="W-ZBi_vVA-g" title="Promoting MSME Growth And Ease Of Doing Business" thumbUrl="https://i.ytimg.com/vi/W-ZBi_vVA-g/mqdefault.jpg"></div><payload><![CDATA[videos_top]]></payload></div><div type="embedgroup"><title>Videos</title> <div type="Youtube" id="W3LmGX6rfCY" title="Innovative Financing For MSMEs" thumbUrl="https://i.ytimg.com/vi/W3LmGX6rfCY/mqdefault.jpg"></div> <div type="Youtube" id="R2Dkr8KoOew" title="Tech Solutions Solving For MSME Problems" thumbUrl="https://i.ytimg.com/vi/R2Dkr8KoOew/mqdefault.jpg"></div> <div type="Youtube" id="iZAUFoKjkPc" title="MSMEs: The Backbone Of Indian Economy" thumbUrl="https://i.ytimg.com/vi/iZAUFoKjkPc/mqdefault.jpg"></div> <div type="Youtube" id="X4YJlFWiWQI" title="Empowering Women-Led MSMEs" thumbUrl="https://i.ytimg.com/vi/X4YJlFWiWQI/mqdefault.jpg"></div> <div type="Youtube" id="tWROVASCMoI" title="Empowering Small Businesses (MSMEs &amp;amp;amp;amp; Sustainability)" thumbUrl="https://i.ytimg.com/vi/tWROVASCMoI/mqdefault.jpg"></div><payload><![CDATA[videos_list]]></payload></div><br /><div type="embedgroup"><title>Agenda</title> <div type="Article" hostid="261" msid="101167582" title="Day 1" rank="1.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="101454766" title="Day 2" rank="2.0" mstype="2" mssubtype="0"></div><payload><![CDATA[agenda]]></payload></div><br /><div type="embedgroup"><title>Why Attend</title> <div type="image" title="Understand the challenges and opportunities that prevail in the Indian MSME landscape" rank="1.0" mstype="3" mssubtype="0" msid="101159833" hostid="261"></div> <div type="image" title="Engage with expert speakers, industry captains, lenders, entrepreneurs and gain insights into their journeys and the road ahead" rank="2.0" mstype="3" mssubtype="0" msid="101159819" hostid="261"></div> <div type="image" title="Listen, learn from the brightest minds working to find real life solutions – the thinking that we need to supercharge the backbone of India’s economy - MSMEs" rank="3.0" mstype="3" mssubtype="0" msid="101159803" hostid="261"></div><payload><![CDATA[why_attend]]></payload></div><br /><bulletContentEmbed name="Contact us" columns="1"><bulletContentHeading name="Contact us_head"></columnHeadThumb>Contact us</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="Contact us_body"><bulletContentRow name="Contact us_9517658605537691"><bulletContentRowHeading><bulletContentRowHead col="1">Become a Partner</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1"><strong>Maninder Kumar - Head, Brand Partnerships<br /></strong><a href="mailto:maninder@businessinsider.in"><strong>Maninder Kumar</strong></a></bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody><payload><![CDATA[contactus]]></payload></bulletContentEmbed><br /><div type="embedgroup"><title>Previous Edition Speakers</title> <div type="image" title="Sudarshan Chari" rank="1.0" mstype="3" mssubtype="0" msid="101215842" hostid="261"></div> <div type="image" title="Rahul Kothari" rank="2.0" mstype="3" mssubtype="0" msid="101215804" hostid="261"></div> <div type="image" title="Sameer Jain" rank="3.0" mstype="3" mssubtype="0" msid="101215759" hostid="261"></div> <div type="image" title="Ankur Warikoo" rank="4.0" mstype="3" mssubtype="0" msid="101215670" hostid="261"></div> <div type="image" title="T Koshy" rank="5.0" mstype="3" mssubtype="0" msid="101215630" hostid="261"></div> <div type="image" title="Rajnish Kumar" rank="6.0" mstype="3" mssubtype="0" msid="101215599" hostid="261"></div><payload><![CDATA[past_speakers]]></payload></div><br /><br /><div type="embedgroup"><title>Insights</title> <div type="Article" hostid="261" msid="96728596" title="The IPO momentum will continue in 2023 at least for small IPOs: Prime Database" rank="1.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="96618323" title="Small is the new big: SME IPOs double in 2022, while mainboard IPOs halve" rank="2.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="92055240" title="This startup has a solution for other startups suffering from funding slowdown" rank="3.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="92485293" title="MSMEs can aid waste management in India but need more hand holding" rank="4.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="93027479" title="Financial Institutions Turning Towards MSME Lending" rank="5.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="92598320" title="MSMEs run on promoter’s savings and need insurance as much as other businesses" rank="6.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="92848620" title="Fintechs are helping Indian MSMEs with their biggest challenge — data and the lack of it" rank="7.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="92994870" title="Aditya Birla group to spend ₹2,000 crore on an MSME e-commerce venture" rank="8.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="93138395" title="India’s newly digitized MSMEs need offline marketing as much as online" rank="9.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="93323188" title="This startup is building infrastructure to automate and ease the process of giving out small biz loans" rank="10.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="93457388" title="MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity" rank="11.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="94304823" title="IIT Guwahati starts incubation centre to help its students turn entrepreneurs" rank="12.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="95780667" title="Over 50% of microbusinesses had no mechanisms to cushion Covid impact, Road to Recovery report says" rank="13.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="95142442" title="Women-led Kinara Capital raises Rs 200 cr to empower MSMEs in India" rank="14.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="95575042" title="Union Bank, Tata Power Renewable join hands to help MSMEs switch to solar" rank="15.0" mstype="2" mssubtype="0"></div><payload><![CDATA[insights]]></payload></div><br />

MSME Season 4

<ul><li><cmsannotation type="cmsannotation" annotationid="about" comment="event_nav" text="About"><span data-til="noop">About</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="themes" comment="event_nav" text="Themes"><span data-til="noop">Themes</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="who_will_attend" comment="event_nav" text="Who will Attend"><span data-til="noop">Who will Attend</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="agenda" comment="event_nav" text="Agenda"><span data-til="noop">Agenda</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="why_attend" comment="event_nav" text="Why Attend"><span data-til="noop">Why Attend</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="videos" comment="event_nav" text="Videos"><span data-til="noop">Videos</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="partners" comment="event_nav" text="Partners"><span data-til="noop">Partners</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="contactus" comment="event_nav" text="Contact us"><span data-til="noop">Contact us</span></cmsannotation></li><li><cmsannotation type="cmsannotation" annotationid="insights" comment="event_nav" text="Insights"><span data-til="noop">Insights</span></cmsannotation></li></ul><cmsannotation type="cmsannotation" annotationid="video" comment="top_panel" text="https://slike-i.akamaized.net/3q/m9/3n3qm9l66u/720p_1600.mp4"><span data-til="noop">https://slike-i.akamaized.net/3q/m9/3n3qm9l66u/720p_1600.mp4</span></cmsannotation><br /><cmsannotation type="cmsannotation" annotationid="About the Summit" comment="about_title" text="About the Summit"><span data-til="noop">About the Summit</span></cmsannotation><br /><cmsannotation type="cmsannotation" annotationid="Description" comment="about_desc" text="Micro, small, and medium enterprises (MSMEs) are a critical cog of the Indian economy, and have steadily marked their path to recovery post-pandemic. While a lot can be attributed to the government’s policy push and innovative financing solutions, technology and the rise of social commerce has been the real game-changer – helping them resolve issues, discover new markets, deal with regulatory compliances and navigate logistical challenges to drive meaningful business growth.India’s journey towards a five trillion economy is going to be powered by these engines of innovation! At BI India, we seek to highlight not just the potential, but the need for renewed thinking to supercharge the country’s MSME sector. Spread over two days in January, MSME Exchange aims to provide a platform for businesses, regulators, industry leaders, experts to come together and share ideas, talk about challenges and solutions that will transform the MSME sector for decades to come."><span data-til="noop">Micro, small, and medium enterprises (MSMEs) are a critical cog of the Indian economy, and have steadily marked their path to recovery post-pandemic. While a lot can be attributed to the government’s policy push and innovative financing solutions, technology and the rise of social commerce has been the real game-changer – helping them resolve issues, discover new markets, deal with regulatory compliances and navigate logistical challenges to drive meaningful business growth.<br />India’s journey towards a five trillion economy is going to be powered by these engines of innovation! At BI India, we seek to highlight not just the potential, but the need for renewed thinking to supercharge the country’s <keyword id="6358354" type="General" weightage="20" keywordseo="MSME" source="Orion">MSME</keyword> sector. Spread over two days in January, <keyword id="4106334" type="General" weightage="100" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> aims to provide a platform for businesses, regulators, industry leaders, experts to come together and share ideas, talk about challenges and solutions that will transform the MSME sector for decades to come.</span></cmsannotation><br /><br /><cmsannotation type="cmsannotation" annotationid="who_all_attend" comment="wwa_title" text="Who will attend"><span data-til="noop">Who will attend</span></cmsannotation><br /><ol><li>              <div type="image" title="Government ministers, industry bodies and policy makers, leaders from finance and tech institutions" msid="100847530" hostid="261"></div></li><li>            <div type="image" title="Business leaders, owners and promoters across MSME sectors" msid="100847513" hostid="261"></div></li><li>            <div type="image" title="MSME champions &amp;amp; stars in the making - startups, innovators and entrepreneurs" msid="100847589" hostid="261"></div></li><li>            <div type="image" title="MSME champions &amp;amp; stars in the making - startups, innovators and entrepreneurs" msid="100847655" hostid="261"></div><br /></li><li><div type="image" title="ABCD" msid="101166861" hostid="261" sizebytes="108450"></div></li></ol><cmsannotation type="cmsannotation" annotationid="Themes" comment="themes_title" text="Themes"><span data-til="noop">Themes</span></cmsannotation><br /><table class="redcator-table-advance"><tbody><tr><td>Policy</td><td>Fostering MSMEs</td><td><ol><li>Fostering MSMEs small businesses are the growth engine for India’s economy.</li><li>Recent policy measures have made it easier for these enterprises to not just grow, but thrive.</li><li>We shine the spotlight on the thinking for the next decade - what needs to be done to achieve government’s $5 trillions dream.</li></ol></td></tr><tr><td>Finance</td><td>Need for Innovative Financing</td><td><ol><li>Expensive access to capital remains a major challenge for MSMEs</li><li>How can small businesses overcome this hurdle?</li><li> We discuss initiatives and solutions to solve the most critical need of the sector - funding!</li></ol></td></tr><tr><td>Technology</td><td>Braving the digital world</td><td><ol><li>Is digital transformation the answer to challenges faced by small businesses?</li><li>How can MSMEs transform and grow more?</li><li>Hear from the best in business about tech solutions for empowering and building a competitive MSME landscape</li></ol></td></tr><tr><td>Marketing</td><td>Brand Building for SMEs</td><td><ol><li>Is digital transformation the answer to challenges faced by small businesses?</li><li>How can MSMEs transform and grow more?</li><li>Hear from the best in business about tech solutions for empowering and building a competitive MSME landscape</li></ol></td></tr><tr><td>Policy</td><td>Unlocking MSMEs Potential</td><td><ol><li>Is digital transformation the answer to challenges faced by small businesses?</li><li>How can MSMEs transform and grow more?</li><li>Hear from the best in business about tech solutions for empowering and building a competitive MSME landscape</li></ol></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><br /><div type="embedgroup"><title>Videos</title> <div type="Youtube" id="X4YJlFWiWQI" title="Empowering Women-Led MSMEs" thumbUrl="https://i.ytimg.com/vi/X4YJlFWiWQI/mqdefault.jpg"></div><payload><![CDATA[videos_top]]></payload></div><br /><div type="embedgroup"><title>Videos</title> <div type="Youtube" id="W-ZBi_vVA-g" title="Promoting MSME Growth And Ease Of Doing Business" thumbUrl="https://i.ytimg.com/vi/W-ZBi_vVA-g/mqdefault.jpg"></div> <div type="Youtube" id="7q1LidC8UcE" title="Beyond The BoardRoom with Anish Tawakley" thumbUrl="https://i.ytimg.com/vi/7q1LidC8UcE/mqdefault.jpg"></div> <div type="Youtube" id="tWROVASCMoI" title="Empowering Small Businesses (MSMEs &amp;amp;amp; Sustainability)" thumbUrl="https://i.ytimg.com/vi/tWROVASCMoI/mqdefault.jpg"></div> <div type="Youtube" id="R2Dkr8KoOew" title="Tech Solutions Solving For MSME Problems" thumbUrl="https://i.ytimg.com/vi/R2Dkr8KoOew/mqdefault.jpg"></div> <div type="Youtube" id="iZAUFoKjkPc" title="MSMEs: The Backbone Of Indian Economy" thumbUrl="https://i.ytimg.com/vi/iZAUFoKjkPc/mqdefault.jpg"></div> <div type="Youtube" id="X4YJlFWiWQI" title="Empowering Women-Led MSMEs" thumbUrl="https://i.ytimg.com/vi/X4YJlFWiWQI/mqdefault.jpg"></div><payload><![CDATA[videos_list]]></payload></div><br /><bulletContentEmbed name="Our Partners" columns="1"><bulletContentHeading name="Our Partners_head"></columnHeadThumb>Our Partners</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="Our Partners_body"><bulletContentRow name="Our Partners_9112182092463035"><bulletContentRowHeading><bulletContentRowHead col="1">Community Partners</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1"><div type="image" title="NASSCOM" msid="100844386" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://www.businessinsider.in/msme-exchange-2023&amp;quot;&amp;gt;NASSCOM&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div><br />                              <div type="image" title="BSE" msid="100844419" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://www.bseindia.com/&amp;quot; target=&amp;quot;_blank&amp;quot;&amp;gt;BSE&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div><br />                              <div type="image" title="BNI" msid="100844462" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://www.bni.com/&amp;quot; target=&amp;quot;_blank&amp;quot;&amp;gt;BNI&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>                              <div type="image" title="Book My Show" msid="100844481" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://in.bookmyshow.com/&amp;quot; target=&amp;quot;_blank&amp;quot;&amp;gt;BookMyShow&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div></bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="Our Partners_4392347801648051"><bulletContentRowHeading><bulletContentRowHead col="1">Knowledge Partners</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1"><div type="image" title="NASSCOM" msid="100844386" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://www.businessinsider.in/msme-exchange-2023&amp;quot;&amp;gt;NASSCOM&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div><br />                              <div type="image" title="BSE" msid="100844419" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://www.bseindia.com/&amp;quot; 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banks likely to outperform" rank="4.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="100278747" title="IndianOil posts 69% drop in its standalone net profit for 2022-23" rank="5.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="70638299" title="Mukesh Ambani&amp;amp;#39;s speech at the Reliance Industries AGM had ten big takeaways" rank="6.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="100275046" title="Here’s a diesel variant that can not only save ₹1 lakh a year but can also help clean your engine" rank="7.0" mstype="2" mssubtype="0"></div> <div type="Article" hostid="261" msid="100273939" title="Jio-bp joint venture launches additive-laced premium diesel" rank="8.0" mstype="2" mssubtype="0"></div><payload><![CDATA[insights]]></payload></div><br />

MSME Exchange 2023

The <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> is back with a bang! Business Insider India has worked all year to line up the best speakers from around the country to curate the best summit experience for you. The third season of The <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword> Exchange 2023 decodes India's progress toward a five trillion dollar economy. And the topics shortlisted for this year will address all things MSME--the past, the present and the future--over a span of two days.<br /><br />Top industry leaders , investors, government officials, policymakers, and representatives from the financial and tech sectors will be present at the MSME Exchange. The speakers will impart inspirational speeches, motivating insights, and business-related teachings. MSME Exchange 2023 intends to offer a venue for companies, regulators, business leaders, and experts to interact, share ideas, and discuss problems and potential solutions that will influence the MSME sector for decades to come.<br /><br />This exchange is expected to bring in all the news, stories, anecdotes, knowledge, information and wisdom from India’s small and medium businesses and educate us about the on-ground realities and challenges they faced as they built successful enterprises. Held on January 18–19, 2023, this virtual summit will focus on celebrating the thriving stories of small and medium enterprises and discussing the way forward.<br /><strong>[Register here: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>]</strong><br />These speakers are the heart and soul of the Summit experience. Get ready for inspiration like you've never seen before from some of the top industry stakeholders: <br /><br /><ul><li>Rajnish Kumar, Former Chairman of SBI &amp; Chairman, BharatPe<br /></li><li>T Koshy, CEO, ONDC<br /></li><li>Ankur Warikoo, Entrepreneur, Educator &amp; Content Creator<br /></li><li>Bharat Sethi, Founder &amp; CEO, Rage Coffee<br /></li><li>Sivasubramanian Ramann, Chairman, SIDBI<br /></li><li>Archana Vohra- Director, Small and Medium Business (India), Meta<br /></li><li>Ajay Thakur, Head - Bombay Stock Exchange SME &amp; Startups<br /></li></ul>Find all the answers you need to build a successful <keyword id="6359222" type="General" weightage="20" keywordseo="small-business" source="Orion">small business</keyword> -<br /><ol><li>The policies set in place to foster MSMEs</li><li>The need for innovative financing</li><li>The perks of digital transformation</li><li>The need for branding and ways those brands can become success stories</li></ol>This isn’t your typical, boring conference. It is your chance to reach your ultimate potential, strengthen your purpose and leave with a new passion to take on your dreams and goals.<br /><br />Join us in this virtual event by registering at the link here: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a><br />

One week to go! The MSME Exchange 2023: Bigger and better

MSMEs lie at the heart of India Inc and play an integral part in our <keyword id="47276" type="General" weightage="20" keywordseo="economic-growth" source="Orion">economic growth</keyword>. In the recent few years, we have seen small businesses stay resilient in the face of a pandemic, thanks to the government’s policy push and initiatives. Over the last two decades, the government has come up with several regulatory measures to make it easier for these enterprises to not just grow but thrive. The <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword>D Act of 2006 has been modified suitably in 2020 to take into account the changed market realities and the growing importance of these manufacturing and services companies. But there is no denying that technological progress, innovative financing solutions and the rise of social commerce have altered the MSME landscape.<br /><br />While the policy push has certainly helped the sector and its entities when it comes to innovative financing solutions for these entities, a real game changer has been technology and e-commerce platforms that have helped resolve many of the issues faced by these entities to discover new markets, deal with regulatory compliances and navigate logistics issues such that they can focus only on their business growth. India’s journey towards a five trillion economy is going to be powered by many small, micro and medium enterprises who now have the runway to take flight and big tech partners that are wind beneath their wings.<br /><br />At Business Insider India, we are back with the third edition of <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> – India’s leading MSME summit, powered by our knowledge partners NASSCOM &amp; BSE SME Council. Spread over two days in January (18-19), this summit aims to provide a platform for businesses, regulators, industry leaders, experts to come together and share ideas, explore critical issues and bring to light solutions that will transform the sector for the decades to come. <br /><br /><strong>[Register here: </strong><a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a><strong>]</strong> <br /><br />Be it a story of a reseller on a social commerce platform or a seller on the world’s largest online retailer who built his export business from nothing, we seek to bring the stories of these small champions and shine the spotlight on all that has been done and needs to be done to achieve the government’s target of achieving $1 trillion in exports through India’s MSMEs. <br /><br />Core pillars that form the crux of this event – policy, finance, technology, social e-commerce and marketing – the fundamental need for any <keyword id="6359222" type="General" weightage="20" keywordseo="small-business" source="Orion">small business</keyword> to foster sustainable growth in the sector. The virtual event will be attended by policy makers, entrepreneurs, MSME champions, investors and business leaders.<br /><br /><strong>Speakers include:</strong><br /><ul><li>Rajnish Kumar, Former SBI Chairman</li><li>Ankur Warikoo, Educator &amp; Content Creator; Co-founder &amp; Board member, Nearbuy</li><li>Bharat Sethi, Founder &amp; CEO, Rage Coffee</li><li>T Koshy, CEO, ONDC</li><li>Anil Bhardwaj, Secy General, FISME</li><li>Ajay Thakur, Head - BSE SME &amp; Startups</li><li>Kishor Kharat, Former MD &amp; CEO at Indian Bank and IDBI Bank</li><li>Jinand Shah, MD, Online PSB Loans</li><li>Vipul Sharma, Founder &amp; CEO, Chqbook</li></ul><strong>Register here now to stay updated about the event details:</strong> <a href="https://www.businessinsider.in/msme-exchange-2023"><strong>https://www.businessinsider.in/msme-exchange-2023</strong></a>

Small businesses, big ideas: MSME Exchange is back with its third edition

It is widely acknowledged that the micro, small and medium enterprises (<keyword id="6358354" type="General" weightage="20" keywordseo="MSME" source="Orion">MSME</keyword>) sector has become the central nerve of <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>’s economy in these past few decades. The glaring asymmetry between the MSMEs that require credit and those that receive it has also not gone unnoticed. NBFCs have become a pivotal part of the mechanism in closing this gap, by widening the reach of financial services thereby enhancing MSMEs’ resilience.<br /><br />NBFCs are slowly but surely gaining a foothold in the Indian financial system. They are the <a href="https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/01AR101017F2969F6115EB4B5992BD73976F9A905D.PDF">biggest</a> receivers of funds on a net basis, even surpassing banks. The double-digit growth in credit that NBFCs accomplished while banks were facing a decline in credit as a result of asset quality stress, should be an indicator of their central role as credit providers in India’s financial system. Within the MSME lending segment, NBFCs have <a href="https://www.statista.com/statistics/1243029/india-market-share-of-lenders-for-msme/">witnessed</a> a stable 13% market share (as of 2020). NBFCs are increasingly preferred by borrowers owing to their increased ability to reach remote areas and in making quicker decisions, providing prompt services and having expertise in niche segments.<br /><br />According to the <keyword id="247408" type="General" weightage="80" keywordseo="world-bank-programme" source="Orion">World Bank Programme</keyword> <a href="https://www.financialexpress.com/budget/msme-eodb-budget-2022-rs-6000-crore-ramp-programme-for-msmes-to-be-rolled-out-in-five-years-says-fm-sitharaman/2422280/">appraisal</a> document for the Raising and Accelerating MSME Performance (RAMP) programme, over 40% of MSMEs lack access to formal sources of finance. As a result of lacking proper accounting systems, updated financials, and proper documentation, a large number of MSMEs borrowers are excluded from the traditional lending ecosystem. From the perspective of larger lenders, thin-file customers often require a greater degree of support and hand-holding. This combination of smaller ticket size geographical dispersion of such MSMEs makes it economically not viable to serve these markets.<br /><br />For India to step confidently into the future, servicing the credit needs of India's 60 million MSMEs without any access to formal credit is paramount. Digitally-led NBFCs remain key in this mission as in their case. They are expanding access to credit through credit models like the cash flow based model. This makes such NBFCs the go-to lenders for borrowers who have the means but are disqualified as per the traditional credit assessment process. There is an evolution of partnership models between NBFCs leveraging their distribution strength and superior customer underwriting with larger banks that have cheaper capital and better risk management processes. Such access to credit is further augmented by digital lenders that have built efficient and scalable outreach to credit-starved MSMEs. The data driven credit models such digital lenders use allow better risk calibration. This is demonstrated by the improving credit performance of these lenders after the Covid-induced stress.<br /><cmsannotation type="cmsannotation" annotationid="Online NBFCs and digital SME lending: Key step towards universal credit access" comment="subhead" text="Online NBFCs and digital SME lending: Key step towards universal credit access"><span data-til="noop">Online NBFCs and digital SME lending: Key step towards universal credit access</span></cmsannotation><br />Online NBFCs are taking this aim of reach and access one step ahead through tech-enabled solutions. They have widened the scope of what credit could be, and enabled the reach of credit to underserved customers across different parts of the country. Leveraging alternate data sets, innovative approaches to credit underwriting and offering customised products with a lower turn-around time have also made digital lenders more suitable in enabling access to credit to the MSME borrowers. They are displaying a new confidence in lending to small businesses through varied approaches. One such approach is ‘ecosystem-based lending’. Accessing business loans that are digitised end-to-end is logistically easier for MSMEs that are in tier 3 &amp; 4 cities and may not have the same bank branch options that bigger cities do. The ecosystem based approach to lending involves partnering with digital ecosystems such as Amazon, Google Pay, Zomato and leveraging the information about the MSMEs available with these technology platforms. The approach also allows usage of segment-specific indicators around revenue, customer ratings/reviews, and transaction business volume to arrive at a composite credit model.<br /><br />Thus, proprietors in small towns can seamlessly access credit that was previously available to them in only physical bank branches that are flush with liquidity but inaccessible to MSME borrowers. This access has further been enhanced through solutions like E-NACH, CKYC/OKYC, E-Sign, Video Sign. The alternate data sets digital lenders use for credit modelling sidestep the need for collateral and documentation that many MSMEs may not have. This is how an ‘ecosystem-based’ approach to lending takes accessibility one step further.<br /><br />There is still much distance to be covered in terms of completely closing the MSME <keyword id="7804914" type="General" weightage="20" keywordseo="Credit-gap" source="Orion">credit gap</keyword>. The onus falls on start-ups and the innovation ecosystem to create digital tools and strategies that leverage MSMEs digital footprints and ecosystems. Regardless, in terms of reaching the fringes of the financial system, NBFCS (both online and offline) are rightfully giving credit where credit is due. <br /><br /><em><strong>The author is the founder and chief executive officer (CEO) of online lending firm </strong></em><em><strong>Indifi Technologies.<br /></strong></em><br /><strong><em>Disclaimer: The opinions expressed are of the author and do not necessarily reflect the views of the Business Insider India.</em></strong><br />

OPINION: Why NBFCs remain key to closing the MSME credit gap

The world loves jargon. In this case, it’s the latest one and much touted new kid on the block in the lending segment -- ‘Buy Now Pay Later’ (<keyword id="9522245" type="General" weightage="80" keywordseo="bnpl" source="Orion">BNPL</keyword>). It sure is not a coincidence that almost every Indian business media has written about this topic in the past few weeks, accelerated by the PR [public relations] blitzkrieg of the lending players, and some of their (potential) advertising spends being a motivator too.<br /><br />Is BNPL much ado about nothing ? Is this lending practice contemporary or is it just the newly coined terminology ? Isn’t the practice the same as the credit system we saw even as early as a few decades ago; the one that our old-fashioned uneducated mom-n-pop kirana store owner gave us as an option -- to buy through the month, and pay as a lump sum later in the subsequent month? His cost of such funding-the-customer was built into expenses (from his sales margins). He did not have any calculator or computer to store CRM [customer relationship management] or any customer database. The only cloud he knew and that existed then was the one above in the skies. There were not even landlines available (easily), let alone the PoS [point of sale] solutions. And more importantly, his customers rarely defaulted in repayments.<br /><br />So why is this sudden chatter about BNPL now? Why is so much private-capital chasing fintech BNPL players globally? Why are the banks, which loved their own credit cards, suddenly pushing for BNPL products too? Why is merchant acquisition becoming the hottest skill in the financial services sector?<br /><br />For a country with over 1.3 billion population, there are only 30 million unique credit card holders in <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> (about 3% of total banked population). This huge gap is the actual business opportunity to provide BNPL solutions for various consumer segments. More importantly, the younger consumers seem to prefer BNPL, instead of credit cards (their high interest charges are seen as a deterrent). It’s then no-guess why apart from the purely digitally-led fintech players in India, traditional banks too have entered this vertical.<br /><br />The success of BNPL in the Indian context can be attributed to the fact that it offers formal credit in an easy-to-access way. It is also known as point-of-sale loans. In general, the retailer/merchant pays the BNPL provider a low single-digit percentage of the transaction value. This is equally a product promotion push to increase revenues. The banks and highly-funded fintechs have an advantage with cost of funding, while the banks have that historic funding-cost-advantage, techfins and fintechs (which have large capital to sign off) use the might of their large capital to acquire consumers; and to change consumer behaviour over a long period of time, by using their capital, even if debt markets are as shallow and as conflicted as our market (structurally in absence of deep domestic debt market, banks being a large proportion lender as well as provider of debt to non-banks is the conflict of interest). Hopefully the regulator would indicate their view on this subject, just to align the industry players in terms of regulatory thinking, before this segment grows fast, so that any business model steering could be done by the industry in time, saving precious capital, consumption trends and regulatory worries, if any.<br /><br /><strong>Can BNPL be inclusive ?</strong><br /><br />With more keypad literate Indians than literate Indians now, wide availability of mobile services along the length and breadth of the country and lower-priced internet access, digital finance has never looked better before. The pioneering efforts by India with its <keyword id="6367533" type="General" weightage="20" keywordseo="jam" source="Orion">JAM</keyword> trinity [JanDhan-Aadhaar-Mobile] to bring banking access with secured identity and digital to every citizen is a global first. The initiatives such as ‘Digital India’, ‘Make in India’, ‘Startup India’ have inspired many youngsters to develop innovative ideas to solve real-life-consumer-issues. <br /><br />The basics of financial inclusion is to make sure that the consumers have access and choice of products that suit their needs. The brick and mortar distribution of conventional finance has not reached the nook and corner of the country. Digital channels have started making access to finance, especially credit, as easy as searching for something on Google and language no bar. The COVID lockdown fast-paced the digital adoption in almost all consumer segments, including those who were not digitally-led before. Online banking, app usage, and online commerce increased at a rapid pace. Many of these consumer behaviour would have become a habit and won’t make consumers go back to non-digital pre-covid behaviour. All these also helped in the BNPL growth in the past few months, spurred by a plethora of merchant offers across product categories.<br /><br />The larger opportunity set could be using BNPL products for livelihood-enhancing business-productivity needs. This could mean looking at business users like the gig economy and small and medium-sized enterprises (SMEs) stakeholders. Will we see lending players offering BNPL to <keyword id="12386350" type="General" weightage="20" keywordseo="sme-/-msme-/-psl" source="Orion">SME / MSME / PSL</keyword> segments with a win-win proposition ?<br /><br /><strong>It is only about “ity”s</strong> <br /><br />If extending credit is filtered on the basis of consumption, the risk parameters and its consequent lending would differ. Consumption itself is not a bad aspect. Responsible consumption is an ideal expectation from lenders. But lenders can’t judge consumer behaviour, but can very well decide if they want to lend to such consumers’ consumption patterns.<br /><br /><ul><li>Vanity consumption : Financing done for products bought or services used to give instant gratification. (Eg: Botox facial uplift treatment, bridal makeup. ) The challenge for this category of purchase is that the end-use is for “wants” and not “needs”. Absolute critics would even call it “unwanted wants”!<br /></li><li>Sanity consumption : Financing done for products or service acquisition now, by customers who anyways have that affordability-capability but using it more for cash-flow management. (Eg: Consumer electronics, holidays, etc.) While these purchases using BNPL could be well within the budget of the buyer, studies have shown that the objectivity to stick to a financial wellness goal could be shaken, if the BNPL offers are tempting enough to buy yet another product or service. It would be beneficial for the industry at large to come together to build-in the concept of financial wellness assistance for its users<em>. </em>This would help the users conform to their financial plan and not to have any undue credit exposure that hurts their credit scores. And such hand-holding would go a long way in building consumer trust and to reposition BNPL as a safe practice.<br /></li><li>Reality consumption : Anything that can add value to the real economy borrowers, be it for individuals or businesses, and done with responsible finance framework and responsible-credit behaviour would be long-term positive-trust-accretion to the overall industry. (Eg: business or livelihood enhancement loans)<br /></li></ul><strong>Not eating itself for lunch<br /></strong><br />While BNPL surely is the flavour of the season, rational product development and prudent growth would build consumer trust. Valuations alone can’t drive up consumer trust, while they might drive up short-term public hype. Industry players have to build a profitable business model and sustainable service delivery (expectations), as they launch and/or scale BNPL products. If lending is driven well with adequate technology to understand risks, coupled with relevant merchant-partnerships on-the-ground, this can be a good source of financing for the consumers. Reckless lending through BNPL just to grow the AUM [assets under management] or to showcase the business pass-through that could drive-up potential valuations, will ensure that at some point that music will stop. Then that silence will be eerie.<br /><br />With so many conversations and coverage, hopefully BNPL should <em>not</em> become the next four-letter foul-word in the financial world. The better 4-letter-words that the financial sector does well to remember: “Lend”, “tech”, “risk”, “care”. If the industry does not offer improved socio-economic impact with BNPL, it might as well be called ‘Banal Nouveau Product (for) Lending’.<br /><br />After all, there is no free lunch. Someone has to pay for it! <br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tech-mahindras-attrition-rate-is-nearly-twice-that-of-tcs/articleshow/87259727.cms">Tech Mahindra's attrition rate is nearly twice that of TCS</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/all-bitcoin-price-estimates-for-2021/articleshow/87259108.cms"><strong>Bitcoin’s rally is far from over — these analysts are betting on the world’s largest cryptocurrency to more than double in value by the end of year</strong></a>

OPINION: The next four-letter word taking the world of finance by storm

The second wave of the COVID-19 pandemic has stopped in its tracks the green shoots of economic recovery that were visible. Simultaneously, it induced a triple crisis of disrupting the supply chain, demand, and workforce for India's fragile Micro, Small, and <keyword id="126907" type="COMPANY" weightage="20" keywordseo="Medium-Enterprises">Medium Enterprises</keyword> (<keyword id="6393272" type="UNKNOWN" weightage="20" keywordseo="MSMEs">MSMEs</keyword>), which are often cited as the backbone of the Indian Economy. <br /><br />While MSMEs were already finding it difficult to manage their cash flows including the rigorous lending criteria of banks and non-banking finance companies (NBFCs) with limited assets to use as collaterals, this disruption meant a double whammy of further delay in settling of their receivables as well as lenders becoming more risk averse. <br /><br />While the government and the Reserve Bank of India (RBI) announced a slew of measures, including the issuance of credit schemes and calling out financial institutions to adopt cash-flow-based lending, yet the transmission of these relief measures to a majority of MSMEs remains a challenge. This highlights that the crux of the problem is not the lack of schemes, rather the informal nature of MSMEs and lack of organised set of financial documents, which casts a unique challenge for lenders to assess the creditworthiness of these enterprises. <br /><br />Today, just 40% of the sector’s credit demand is met by formal credit. Add to that the information asymmetry between the data available for MSMEs vis-à-vis large and mid-sized corporates where the lenders’ tend to apply the same lens of existing credit-risk assessment processes to MSMEs to those applicable for larger corporates. This often multiplies the operating cost for lenders to serve MSMEs as compared to the return on their loans. <br /><br />Though this scenario and the increasing credit requirements of MSMEs point to a colossal credit gap of ₹ 30 lakh crore, it underscores the critical role financial technology (FinTech) companies and new-age lenders can play in supporting MSMEs to adapt to the changing reality and respond to the challenges. <br /><br /><cmsannotation type="cmsannotation" annotationid="Capitalising on creditworthiness" comment="subhead" text="Capitalising on creditworthiness"><span data-til="noop">Capitalising on creditworthiness</span></cmsannotation><br /><br />The marriage between technology and financial services provides digital lenders an opportunity to focus on making MSMEs profitable and creditworthy. Alternative sources of data, such as cash flow, utility bill payments, point-of-sale transaction records, and even information from e-accounting programs can help put in place a comprehensive model to assess MSMEs’ business health. Further, by incorporating Artificial Intelligence, Machine Learning, and analytics into these models, lenders can build a more accurate financial health model with a comprehensive credit risk profile to detect and mitigate fraud and NPA risks.<br /><br /><cmsannotation type="cmsannotation" annotationid="Unlocking cash flow and reducing days sales outstanding" comment="subhead" text="Unlocking cash flow and reducing days sales outstanding"><span data-til="noop">Unlocking cash flow and reducing days sales outstanding</span></cmsannotation><br /><br />In addition to simplifying the lending process, innovative technology leveraged by FinTechs can enable electronic invoice presentation, processing, and reconciliation that will also help in better credit monitoring. <br /><br />Considering that chasing late payments is a tiresome process that leads to locked up working capital, e-invoicing can help in significantly removing procedural delays resulting from manual processing of invoices. <br /><br />It also reduces the time required to make and receive payments, gives a real-time status of pending invoices, and helps release locked up cash flow. In addition, MSMEs can also leverage these e-invoices to avail loans instantly, as the process to verify the genuineness of invoices by lenders can be reduced significantly. <br /><br /><cmsannotation type="cmsannotation" annotationid="Financing through digital supply chain platforms" comment="subhead" text="Financing through digital supply chain platforms"><span data-til="noop">Financing through digital supply chain platforms</span></cmsannotation> <br /><br /><keyword id="168300" type="COMPANY" weightage="20" keywordseo="digitalisation">Digitalisation</keyword> of supply chains has been a game-changer for MSMEs that has enabled faster liquidity for them. While banks continue to assess creditworthiness for collateral-based lending to MSMEs, new-age lending platforms can digitally evaluate transaction data through AI-driven credit models in near real-time and offer trade financing products and services contextualised to the parties involved in the trade. <br /><br />Some platforms allow integration of their products and services into banks’ MSME platforms, which can subsequently be offered to MSME customers through digital medium. <br /><br />While no one solution can bridge the existing credit gap for MSMEs, leveraging alternative financing tools, such as e-invoice financing, peer-to-peer lending, and TReDS can go a long way in addressing this issue and create an enabling environment for MSMEs. <br /><br />Further, with the COVID-19 pandemic continuing to disrupt economic activities worldwide, FinTechs, banks, and NBFCs will have to come together to build differentiated lending models to forge the right balance for financial stability and create solutions for the credit needs of MSMEs.<br /><br /><strong>SEE ALSO:<br /><a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a><br /><br /><a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/adani-group-under-sebi-scanner-on-market-manipulation/articleshow/83501698.cms">Gautam Adani loses over $7 billion in net worth after questions over the meteoric rise in group stocks</a><br /></strong><br />

Cash, capital and credit trickle down to small businesses at a frustratingly slow pace — tech can speed them up

New Delhi, Dec 11 () Tech major Intel, in association with the MSME ministry, has launched a nationwide initiative to enhance technology adoption among small and medium enterprises, according to India SME Forum.
<p> A survey conducted by the Forum across 19 states also showed that over 34 per cent of the overall 1,29,537 MSME respondents are employing digital means for communicating with employees, customers and suppliers whereas only 7 per cent have fully embraced digital technology or SAAS Solutions.
</p><p> Over half of the MSMEs highlighted several benefits including higher profitability, operational efficiency and improved customer engagement, however 70 per cent cited lack of knowledge as key barrier for wider adoption of technology.
</p><p> Major causes of low technology adoption cited in the survey are lack of understanding and guidance of business benefits, resistance to incurring upfront investment-related costs to implement technology, and lack of skilled/trained manpower to manage technology setups.
</p><p> Joint Secretary in the Ministry of MSME Alka Arora highlighted the need of technology for the development of about six crore MSMEs in India.
</p><p> "Many of them are in the micro sectors, some of them in the small, medium enterprise but today for any business to take it to the next level, technology is of prime importance," she said.
</p> "Tech platforms such as SAAS (Software as a Service) and business analytics offerings can help MSMEs connect with potential clients to grow their businesses further," she said.  RSN  RSN ANU
ANU

Intel launches initiative to boost tech adoption among SMEs

<ul><li>Endurance International Group helps equip small businesses worldwide with products and technology to power their <keyword id="10107356" type="UNKNOWN" weightage="20" keywordseo="online-web-presence">online web presence</keyword>, <keyword id="2443892" type="PERSON" weightage="20" keywordseo="Email-Marketing">email marketing</keyword>, mobile business solutions.</li><li>It is the parent company of web presence brands like Bluehost, <keyword id="3271816" type="COMPANY" weightage="20" keywordseo="ResellerClub">ResellerClub</keyword>, HostGator, BigRock.</li><li><keyword id="7532841" type="PERSON" weightage="20" keywordseo="mitika-kulshreshtha">Mitika Kulshreshtha</keyword>, Vice President - Marketing, Endurance APAC told us how the organization has been helping small and medium-sized businesses deal with these last few difficult months by strengthening their online presence.</li></ul>The months of lockdown, which impacted so many big businesses was even harsher to smaller businesses. With a complete lockdown, many micro, small and medium sized businesses struggled. <br /><br />Many of these businesses had to shut shop temporarily, till the condition normalized. Owing to how hard the segment was hit, the government had announced a stimulus package too. Reports suggest that the Indian MSME sector employs over 11 crore workers and it contributes 29% to India’s GDP. <br /><br />While the lockdown led to this massive impact on these businesses, it also made clear the fact that there was an immediate need for these players to strengthen their online presence. Since people weren’t venturing outside, or going to shop physically in shops, once the lockdown was lifted, there was a huge demand online. And over the past few months, organizations like <keyword id="10107359" type="COMPANY" weightage="20" keywordseo="the-endurance-international-group">the Endurance International Group</keyword> have helped many small businesses to enhance their online presence.<br /><br />We recently caught up with Mitika Kulshreshtha, Vice President - Marketing, Endurance APAC which is the parent company of web presence brands like Bluehost, ResellerClub, HostGator, BigRock. She walked us through all that they had done to help these small players weather the storm.<br /><br />Excerpts:<br /><br /><strong>Q) What role have you played in supporting MSMEs in the last few months? </strong><br />With over 75 million small and medium businesses, India has the second largest base of MSME (<keyword id="10107358" type="COMPANY" weightage="20" keywordseo="micro-small-medium-businesses">Micro, Small &amp; Medium Businesses</keyword>) in the world. The growth and scale of MSMEs today depend on their ability to rapidly adopt technology and digitalization. <br /><br />As the crisis of the Covid-19 pandemic has unfolded, the role of digital/tech has become abundantly clear in being able to help businesses, small or large, continue their operations. Ahead of International MSME Day that is celebrated in June every year, we released survey findings that we undertook with Indian MSMEs to understand their adoption of digital presence in response to COVID-19. According to the survey, 30% of MSMEs started a business website or enabled e-commerce functionality since the lockdown started owing to the COVID-19 pandemic. The MSMEs who were able to offer e-commerce functionality saw a shift in their revenue contribution with e-commerce contributing nearly 50% to their total revenues. Preference for using digital is now ~1.9X more than traditional sales channels. <br /><br />MSMEs often need assistance during their online journey which is where web professionals play a critical role. Our brands offer solutions and services for web developers/designers and small businesses to create an online presence, enable discovery online and grow through digital adoption. Endurance’s family includes <keyword id="10107357" type="COMPANY" weightage="20" keywordseo="bluehost-hostgator-reseller-club">Bluehost, HostGator, Reseller Club</keyword> and BigRock in Asia Pacific.<br /><br />Our marketing strategy focuses on helping our customers grow through world class products and services. For example, our brand Bluehost focuses on super optimizing experience for WordPress enthusiasts and developers. We are constantly improving services and infrastructure for ResellerClub that enables web professionals to get top-notch web hosting services and a global platform that provides web developers/designers ability to offer hosting, domains, productivity solutions through their own storefronts. <br /><br /><strong>Q) How has Endurance reworked its own marketing to help small businesses stay afloat during these last few months? </strong><br />We have made sure that our marketing is relevant and focuses on how we can help businesses during this time. For example, we offer collaboration and productivity solutions, which have been useful for business continuity. We also made sure, wherever possible, we are supporting our web developer/designer customers to get extended periods of grace time after expiry of subscription to our products to help them tide over working capital issues. <br /><br />Our brands play a role in helping small businesses create their own web presence. Indian businesses will have a greater need for websites and online presence post COVID. One-third of the world’s websites are built on WordPress1. Bluehost has been one of the top trusted WordPress hosting brands recommended by WordPress.org for the past ten years. It provides a great platform for SMBs looking for a digital presence. Right after lockdown, we released a campaign, #unlock your potential with the intent of helping out businesses that were quickly responding to the change and trying to create online presence. <br /><br />Recently, we launched a pan-India digital campaign for Bluehost celebrating the spirit of being a creator. Our campaign showcases how Bluehost is powering the creators through its optimized WordPress experience and features such as free content delivery network and caching that enable reliable speed and uptime along with automated security updates and free SSL that enable fail safe security which is crucial during these times. <br /><br /><strong>Q) As a marketer, what has been your biggest learnings from the Covid-19 experience?</strong><br />This is undoubtedly a challenging time for everyone. But, if one is willing to unlearn and be open-minded, a challenge could change into opportunity. All our teams, including business operations, support and engineering, are working remotely. All our marketing campaigns in the last 6 months have been conceptualized and executed by members sitting in different locations. It takes a team’s willingness and determination to adapt and technology to collaborate effectively. Businesses that look at being prepared to work in a remote or hybrid environment will build resilience for the future.<br /><br />There is an increase in searches for ‘starting a business’ on Google in the last 6 months. For example, we have talked to Bluehost customers who lost their jobx during COVID and decided to start something of their own online. Consumers across age groups are adopting online e-commerce. We are likely to see a sustained shift to omni-channel commerce even post-COVID. Businesses, both small and large that have responded to this change are winning.<br /><br />Lastly, consumers are showing a heightened sense of loyalty towards brands that they trust. Brands that will live up to the trust will continue to reap rewards later.<br /><br /><strong>Q) Has there been a difference in the consumer problems you are solving this year in comparison to last year? </strong><br />During this time, we have observed that more businesses are seeking help to create their web presence. According to Google search data, searches for website builder, website hosting increased by 1.5X times during this period. Searches for ‘starting a business’ and ‘e-commerce’ have also increased exponentially. Individuals and small businesses challenged by Covid are progressively looking at leveraging the Internet to connect with their customers. We are witnessing steady demand for our products and services during the lockdown. In fact, at Endurance we are focused on launching more products and solutions that would benefit both the MSMEs and the web developers/designers. <br /><br /><strong>Q) What are your broad marketing plans for the rest of the year? What will your area of focus as a marketer be?</strong><br />We will continue to work towards empowering MSMEs to get started and grow through their digital journey. For the web professionals’ community, we continue to offer tools and knowledge they need to address the needs of their customers. <br /><br /><strong>Q) How has the year been, in terms of business impact?</strong><br />During this challenging time, our brands continue to serve new as well as existing customers and work towards enhancing our purchase experience keeping in mind local nuances in India and rest of Asia. Our business in India has been steady, we have continued with our hiring plans and there have been no cuts, either of employees or in salaries. <br /><br /><strong>Q) Where will the next phase of growth for Endurance come from?</strong><br />The increasing trend in internet penetration, online commerce and cyber security will grow the adoption of services for online presence, digital discovery and productivity applications by MSMEs in India. With increasing digital influence on an estimated 75 million SMBs, this opportunity is very large for Endurance. <br /><br />Our suite of products and solutions are perfect to capture this opportunity. We are in the business that empowers small businesses. Endurance, through its family of brands like Bluehost, HostGator, Reseller Club and BigRock, provides a platform for web professionals and small businesses to create online presence easily and help grow business.<br /><br /><strong>Q) What's your advice to SMEs that are struggling to survive due to the impact of the pandemic?</strong><br />2020 has been a challenging year, and despite constant change and increasing complexity, SMBs (small &amp; micro businesses) continue to power on. According to a recent Google survey, over 50% of SMBs report a significant decrease in business due to COVID-19 outbreak. However, some of them found a way to survive. Around 30% shifted to completely contactless options to serve customers , 12% offered new products and services. Endurance survey2 suggested that those who were able to provide ecommerce functionality saw over 50% shift towards e-commerce revenues. Customers of SMBs are searching for products and services online. So, there is an opportunity for SMBs to be ready for the future, even post COVID, by adapting to this trend. On our brand Bluehost, we are seeing an increasing trend of small businesses setting up shop. We look forward to supporting SMBs that want to start or expand online.<br /><br />

How Endurance International Group is helping small businesses create a strong online presence

Kochi, Apr 17 () A startup at Maker Village Kochihas developed a drone supported with artificial intelligence(AI) that can help combat COVID-19 by monitoring bodytemperature, supplying essential commodities and sprayingdisinfectants.<p>   The unmanned 'Garud' has been designed andengineered by AI Aerial Dynamics at the Maker Village, claimedto be India's largest electronic hardware incubator and ESDMfacility.</p><p>  The integrated solution was developed fullyleveraging globally-benchmarked labs and equipment besidesproduct development software solutions available at MakerVillage.</p><p>    The indigenously-made drone is highly efficientand effective than those currently imported from othercountries, where the applicable payload is lower than that ofGarud and the option for customization is not possible,officials said here on Friday.</p><p>   Garud can monitor roads and bylanes besidesresidential pockets and aerodromes that have been locked downacross the country since March 25 in an effort to check thespread of coronavirus that is posing a global threat to humanlife.</p><p>  Already, Kerala Police are using the drones toensure the efficacy of the shutdown.</p><p>   Also, the aerial vehicle can collect thermal databy using an array of IR sensors and advanced digitaltechnology called EDGE (Enhanced Data rates for GSMEvolution), thus working as a means to combat the pandemic,according to a statement issued by the Maker Village.</p><p>    The vehicle can collect swabs and samples ofpeople for the virus test.</p><p>  It has the capacity to carry weight up to 60 kg,thus facilitating distribution of even essential commoditiesif there is an exigency.</p><p>  Further, Garud can feature a modern sprayer whichcan be used to shower disinfectants from above.</p><p> It has also a loudspeaker for public announcements,according to AI Aerial Dynamics founder-CEO Vishnu V Nath.</p><p>   "Besides the AI-supported engine, the fully-automated Garud has a high-resolution camera, a facility tocarry weight, a micro-sprayer and thermal scanner.</p><p> The visuals it generates can zoom into specifics withcentimeter-level accuracy.The images it captures will besimultaneously saved in the operating unit on the ground,"Nath said.</p><p>  "If the vehicle loses range or exhausts battery(capacity: 150 minutes), it will fly down to the point oftake-off."</p><p> The UAV uses a hybrid engine for its flight.</p><p>The 2016-founded Maker Village, which functionsat the Integrated Startup Complex near here, is a jointinitiative of Union Ministry of Electronics and InformationTechnology and the Government of Kerala with IIITM-K inThiruvananthapuram as the nodal agency.</p><p>  IA Aerial Dynamics is also developing drones forthe NPOL lab of DRDO and other defence establishments.</p><p>   The drone is capable of adapting to requirementssince it has been developed indigenously.</p><p>  "Its capability to fly with a load weighing as muchas 60 kg is one instance of how Garud has an edge over itscounterparts in other countries," Nath added.</p><p>    The UAV, with its high payload, unique platformfor integration of sensors and provisions such as sanitizerand pickup mechanism besides the AI engine, makes the solutiona one-of-its kind in combating the pandemic and similarapplications in disaster management.</p><p>  The vehicle was widely used for relief activitiesduring the flood in the year 2019.</p><p>    A state-of-the-art lab in Maker Village enabled IAAerial Dynamics to conceive and engineer the prototype forGarud, Nath said.</p><p> "That is how we could so quickly launch the productin the market," he pointed out.</p>    Maker Village, which is emerging as the largestand the best deep-tech innovation platform in the country, isimplementing various innovation and entrepreneurshipdevelopment programmes with Ministry of Defence, Department ofScience and Technology, Department of Biotechnology, Ministryof MSME, apart from the flagship ESDM scheme with UnionMinistry of Electronics and Information Technology, accordingto the statement. TGB BNWELCOME    BNWELCOME

Startup in Kerala develops drone with AI to combat COVID-19

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India's indigenous robot is all set for a bug debut at the ongoing 'Make in India' week in Mumbai. 
<br /><br /> A <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> innovation, Brabo has been developed in-house by a team of six engineers whose average age is 24 years, led by Bhingurde. The development cost is Rs 10 crore. <br /><br />

	"These are made in India, made for India. The idea is to drive automation in the market by offering affordable and cost-effective solution," says Anil Bhingurde, chief operating officer of TAL Manufacturing Solutions of Tata Motors. 
<br /><br /> The design of the robot was done in-house at TAL, styling was done at Tata Elxi, and manufacturing of some parts at Tata AutoComp, while <keyword id="154226" type="CITY" weightage="20" keywordseo="Tata-Capital">Tata Capital</keyword> provided the finance. <br /><br /> TAL Manufacturing doesn't intend to compete with global biggies such as Fanuc, ABB and Kuka's, but instead plans to target the micro, small and medium entreprises with an affordable robotic solution starting at Rs 3 lakh (for 2 kg) to Rs 6 lakh (for a 10 kg payload). There are over 5,000 products being manufactured by India's small enterprises -from traditional business to high-tech products, which may need such <keyword id="16719" type="UNKNOWN" weightage="20" keywordseo="robots">robots</keyword>. The Rs 9-lakh crore MSME industry is likely to double in the coming years, and to reach that kind of size and scale, automation will play a big role, an opportunity that TAL Manufacturing Solutions doesn't want to slip up on. <br /><br />

	There's a market of approximately 1,000 big robots in India annually, according to International Federation of Robotics, and from next year, the demand will be 5,000 robots, globally. Thanks to the creation of a new entry point, the market is likely to grow 10 times in five years to 15,000, says Bhingurde.
<br /><br />

	Although Nachi, Panasonic and Universal have started showcasing smaller robots in India, Brabo enjoys a significant 35-40% cost advantage due to its localised offering. <br />
	<br />
	(Image credits: BCCL)

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