SMALL AND MEDIUM FARMERS
Celebrating the inspiring journeys of four small business innovators who dared to dream big
Entrepreneurs like Yashovardhan Sharma, Kanak Deka, Biju Kuriakose, and Reena Chauhan embody resilience and innovation in India's MSME landscape. Through programs like Walmart Vriddhi, these entrepreneurs thrive, preserving heritage, empowering communities, and shaping a brighter future for Indian households with unique products and sustainable practices.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Kotak Bank bets big on MSME loan uptick
Kotak Mahindra Bank is optimistic about the MSME segment's demand for working capital and term loans in the second half of the fiscal year, driven by rural development initiatives under PM Modi.
NDA's '400 paar' dream faces reality check, Bernstein report suggests
The Bernstein Societe General Group's latest India Strategy report analyzes the political landscape post the 18th Lok Sabha elections, highlighting challenges and opportunities for market sentiments. Despite record-high valuations in small and mid-cap sectors, stabilizing trends, and pre-election optimism, the report underscores potential hurdles for the government's ambitious targets, emphasizing the need for sustained fiscal responsibility and cautious market optimism.
Bharat Tex Expo: PM Modi highlights connecting textile value chain with 5 'Fs'
Bharat Tex Expo: Prime Minister Narendra Modi inaugurated the Bharat Tex Expo 2024, the world's largest textiles event, at Bharat Mandapam. He emphasized the government's focus on connecting all elements of the textile value chain with the five Fs: Farm, Fiber, Factory, Fashion, and Foreign. Modi assured the textiles sector of full government support and reiterated several steps taken for the Micro, Small & Medium Enterprises (MSME) sector.
Farmers' agitation to cause Rs 500 cr economic loss daily to northern states: PHDCCI
Agrawal stated that the farmers' agitation is severely impacting the businesses of the Ministry of Micro, Small and Medium Enterprises (MSMEs) in Punjab, Haryana, Delhi and parts of Uttar Pradesh and Rajasthan as raw materials of such units are procured largely from other states to execute production processes and to meet up demand of the consumers.
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How Bhubaneswar’s agritech ecosystem is fast gaining momentum
Odisha government’s efforts have led to the ‘Temple City’ being able to offer more opportunities for startups. Entrepreneurs say they are getting attention and also support from government agencies. The city will now play host to the ET MSME summit.
Lending to the bottom of pyramid: 4 small finance banks with upside scope of up to 36%
When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow.
Financing the growth in Bharat: 4 small finance banks with upside scope of up to 38%
It might surprise many of you, ask your driver, your help at home, or the small chai shop owner how much interest he pays when he or she takes an unsecured loan taken in the private loan market. He or she might be paying four to five times more than the interest rate which any regular bank charges on an unsecured loan. That is what led to the birth of microfinance companies, now many of them are small finance banks. They are providing lending at the lowest end of the pyramid. Their interest rates were higher than normal banks would charge, but would surely much lower than what private money lenders in these parts of the country charges. That is where the opportunities are present for these small finance banks. After a phase of tough regulatory challenges, they have emerged stronger.
L&T Finance gets $125 million loan to support MSMEs, farmers
At least 40 per cent of the proceeds is allocated for women borrowers, while the rest will support farmers, micro, small and medium-sized enterprises (MSMEs), and loans to purchase new two-wheelers, among others.
Changing money lending business in Bharat: 4 small finance banks with upside up to 36%
When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing. Both because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow, the reason, the overall demand matrix of demand of capital in rural areas at a cost which is better than existing sources.
Axis Bank aims to augment small-ticket loans this year: MD & CEO Amitabh Chaudhry
Managing director and CEO Amitabh Chaudhry stated that Axis Bank is aiming to increase small-ticket loans, crop loans to small and marginal farmers, and microfinance business loans for women borrowers from low-income households throughout the year. The bank has established a unique "Bharat Bank" unit with customised rural products, expanded branch and digital presence among other things.
New convention centre to boost trade, jobs, says Piyush Goyal
India's state-of-the-art convention centre, Yashobhoomi, inaugurated by Prime Minister Narendra Modi, aims to boost trade, industry, export and employment opportunities in the country. The centre, located in Dwarka, New Delhi, also aims to promote small and medium businesses, farmers, and artisans by providing them with new opportunities and markets.
Government spending Rs 6.5 lakh crore annually on agriculture, farmers' welfare: PM Modi
Prime Minister Narendra Modi highlighted the government's commitment to the agriculture sector and farmers, stating that over Rs 6.5 lakh crore is spent annually for their welfare. Modi urged cooperatives to prioritize transparency, corruption-free governance, and the use of digital tools. He also called for an increase in the production of oilseeds and pulses to make India self-reliant in cooking oils.
How PhonePe is enabling digital payments for a host of small and medium merchants in India
Fintech player PhonePe’s recent add ons – SmartSpeakers and Pincode – are driving digital inclusion by making it easier for small merchants to navigate the process.
Japan's business owners can't find successors. This man gave his away.
As the country’s birthrate has plummeted and its population has grown older, the average age of business owners has risen to around 62. Nearly 60% of the country’s businesses report that they have no plan for what comes next.
Kisan Congress chief writes to PM Modi, says Centre 'betrayed' farmers
Accusing the Centre of having "betrayed" the farmers, the All India Kisan Congress on Tuesday wrote to Prime Minister Narendra Modi, highlighting the "plight" of the tillers and reiterating the demand of legal guarantee for MSP for all crops.
Shift from 'phone banking' to 'digital banking' put India on sustained growth path: PM Narendra Modi
Referring to the previous UPA regime, PM Narendra Modi said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. The economic progress of a country is directly linked to the strength of its banking system, he said after dedicating 75 Digital Banking Units (DBUs) to the nation.
Can a small finance bank be the next HDFC Bank in the making for equity investors?
Though the risks SFBs take are on the higher side, the business growth has also been higher. So, if you are planning to invest in these stocks you need to be extremely careful in selection.
Can recovering economic scenario bolster valuations of SFBs?
AU Small Finance Bank, Ujjivan Small Finance Bank, Equitas Small Finance Bank and Suryoday Small Finance Bank are the four small finance banks (SFBs) that are listed on the stock exchanges in India. Some players are experiencing internal governance challenges, and some have been severely impacted by the pandemic. AU Small Finance Bank is one of the companies that is standing out among its peers.
What Nutella teaches us about global supply chain risks
Nutella is only one of many reminders that multinational supply chains are at the heart of global struggles like the fight against climate change and the drive to stamp out human-rights abuses.
Kerala govt announces Rs 5,650 crore package to assist small-scale traders, farmers
Finance Minister K N Balagopal announced a financial package of Rs 5,650 crore in the state Assembly, to assist small-scale traders and farmers of the state. "This package is to provide assistance to small-scale traders and farmers of the state who have been adversely affected by the pandemic," Balagopal told the media.
Agriculture Minister Narendra Singh Tomar emphasises on raising private investment in farm sector
Tomar, who is also the food processing minister, encouraged entrepreneurs to set up food processing units in the country, and assured them that the government will provide all possible help. He informed that the government is granting speedy approvals to the food processing projects.
PM asks banks to come out with innovative products for startups, fintech
Modi said that although the government's endeavour is to promote the private sector, the public sector still needs to have its presence in banking and insurance to support the poor.
PM wants to 'hand over' entire agriculture business to his 'two friends', alleges Rahul Gandhi
Addressing farmers at Rupangarh in Rajasthan, he said 40 per cent people of the country are stakeholders of the farming business. "It is the business of 40 per cent people, which includes farmers, small and medium businessmen, traders, labourers. Narendra Modi wants to give this entire business to his two friends," he claimed but did not name anyone.
From ethanol to soybean, India has a lot to trade with US, says Gadkari
Touching upon the subject of food vs fuel the minister said that the government has given permission to making ethanol from corn, rice and other food grains.
From small businesses to farmers, middle India is driving demand
Farmers, benefiting from a bumper crop, are lapping up tractors while demand for personal vehicles, due to a lack of public transport and the need for safer travel options, has boosted sales of cars and motorcycles.
52% farmers oppose new agri laws over MSP fears: Survey
A perception survey of over 5,000 farmers across regions shows that while 52% were opposed to the three new farm laws, chiefly due to fears that MSP will be done away with, there is more support for the changes among marginal and small farmers.
View: Why do India's farmers kill themselves? Can market reforms help?
Only about 50% or less of the household income of cultivating farmer comes from farming with the rest made up of wages, off-farm and non-farm work. Therefore, nonfarm sources of income are suggested to be crucial for small farmer families to escape poverty or earn a decent livelihood.
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