FISME In Media

Prolonged war to hit Indian MSMEs hard: FISME chief

Freight rates have gone up 10-15% in the past week of Russia’s invasion, raw material costs are expected to shoot up as well.

FISME to launch digital lending platform for MSMEs; signs MoU with financial guarantee provider Eqaro

Finance Minister Nirmala Sitharaman in her budget speech this year had announced the use of surety bonds as a substitute for bank guarantees to be made acceptable in government procurements.

Harmonise GST policy for the upliftment of MSMEs in India: FISME

The COVID-19 crisis has disproportionately impacted the MSME ecosystem, with the nationwide lockdowns in 2020 leading to a 46% decline in business volume of Indian MSMEs.

Complex GST compliance to sell online among reasons for MSMEs’ low digital penetration: FISME

Currently, online businesses are required to register under the GST system regardless of their turnover. (Image: pixabay)

FISME rolls out recommendations to digitise MSMEs; urges support for women entrepreneurs

These recommendations broadly include supporting the transition from cash towards digital mechanisms, supporting the establishment and development of ecommerce models which align with the needs of MSMEs, and more.

MSMEs move RBI over loan foreclosure fees

Close to 100 small enterprises have complained about the charges which are used to extract higher interest rates, the MSME industry body told RBI