MSME Banking Index: An Initiative to Understand & Improvise Level of MSME Banking in India

In a bid to build bridge of understanding between MSMEs and banking organizations by analyzing the MSMEs’ Banking behaviors, India’s flagship MSME focused media platform-SMEStreet is proud to introduce a Pan-India MSME outreach or connect initiative of MSME Banking Index.

In a bid to build bridge of understanding between MSMEs and banking organizations by analyzing the MSMEs’ Banking behaviors, India’s flagship MSME focused media platform-SMEStreet is proud to introduce a Pan-India MSME outreach or connect initiative of MSME Banking Index.

As we all know, banking is recognized as the most critical element for MSMEs’ growth. And MSMEs are getting termed as engines of economic growth and policymakers have taken this sector on high priority.

MSME Banking Index of SMEStreet is also an effort of making a meaningful contribution in Nation building through overall MSME ecosystem development. This exercise is an initiative designed to understand MSME's perspective of MSME Banking, MSME Credit related issues and as a result this initiative is likely to deliver some key insights which can be used to build bridge of solution in the gaps of MSME related finance and banking issues.

It is important to mention that a current goal setting of the government includes ambitious targets of becoming 5 trillion dollar economy in next few years. And as MSME ministry is working towards achieving a substantial growth in the numbers related to MSMEs’ GDP contribution. “On such backdrop, it is extremely important to create a business oriented ecosystem for MSMEs in India. As a focused media platform for this sector, it becomes a commitment for us, to make highlight actual gaps related to basic needs of MSMEs and address them accordingly. The MSME Banking Index is an initiative to understand the status of MSME banking and get an idea of missing gaps in the area of MSME finance/Banking. Hence we invite more and more participation from MSMEs by expressing their experiences related to their banking.” says Faiz Askari, Founder of SMEStreet.

Presently, MSMEs’ contribution into the national GDP is around 29 % and the goal settings for this is to let the MSMEs reach to the level of 50% contribution into the national GDP in next few years. So, in simple terms, MSME Development is directly proportional to nation-building.

In this activity of MSME Banking Index, SMEStreet is reaching out to MSMEs across India, across industry verticals, and trying to understand MSMEs; banking-related experiences. This survey is an editorial activity designed to understand MSME’s perspective of MSME Banking, MSME Credit related issues and trends.

This action is designed to come out with certain conclusions which can further contribute to improvising the level of MSME banking in the country.

This is a collective effort for the betterment of the MSME sector and we, at SMEStreet appeal for support of every stakeholder involved in this.

For more please write to Faiz Askari at Faiz@SMEStreet.in

Here is the form for every MSME entrepreneur which we request to fill. CLICK HERE to FILL the Survey Form
About SMEStreet

Started in 2014, SMEStreet is a committed media platform for MSMEs and is one of the fastest growing digital communities of the country. The platform is aimed to showcase the state of MSMEs in the country by analyzing and highlighting opportunities, success stories, trends and developments around the SME and MSME domain. The platform has received great participation from MSMEs around not just India but also from several other countries. SMEStreet conducts, surveys, market research, reports and analysis around the MSME domain. For more log on to: https://smestreet.in

About Vertical Business Media Pvt. Ltd.

Vertical Business Media is a New Delhi based Media and communications strategies evolved startup which have multiple media communities and SMEStreet.in is one of the flagship platform that Vertical Business Media Pvt. Ltd. have created. The company is led by media professionals with a collective years of experience of over 40 years. For more Log on to http://verticalmedia.co.in

Canadian Fintech Startup Accelerator Findigm Enters India with SMEStreet

North America based Fintech Accelerator Program – Findigm is set to enter into Indian market as a joint venture with SMEStreet – India’s flagship ecosystem for MSMEs and Startups.

Findigm is a global Accelerator Program aimed at facilitating fast and efficient business ecosystem for Fintech startups and help them in getting ready for the market in less time and with global expertise at their helm.

Fintech as a subject has gained a great amount of popularity among startups and aspiring entrepreneurs in India. The program will not only motivate such fintech initiatives but also ensure the availability of entire technology architecture which is required to run various types of fintech businesses and also give international exposure to reaching out the unreached.

SMEStreet has become a knowledge-driven ecosystem for Indian MSMEs and Startups. As a fast growing community, this tie-up will help the startups of this ecosystem to avail the best for their fintech related market vision.

“The biggest challenge for any startup exists in their initial days of business operation. These initial days spent in the creation of the product. In the case of fintech related products, it becomes very critical to introduce something really robust, secure and scalable in the market, but to build such product a lot of time is required. This accelerator program will ensure that startups should not face this challenge and enter into the market in very less time. In such a scenario, the business life cycle can get started quickly,” says Vinay Kotapati & Massimo Barone, Co-Founders of Findigm.

"Fintech is getting considered among the top five business priorities for startups and aspiring entrepreneurs in India. This strategic association between SMEStreet and FINDIGM will address a wide market segment. Through this tie-up, the whole pre-launch process for any fintech startup will become efficient. We are proud to be part of this as a facilitator and India outreach partner," finds Faiz Askari Co-Founder of SMEStreet.

Findigm India will focus on providing startups their proprietary frameworks and API’s developed in the areas of Blockchain, Machine Learning and AI-based technology and global payments Solutions which ease out the pressure of surviving in business for the initial days of product development and faster deployments to markets.
About Findigm India

Findigm is the new paradigm of comprehensive startup ecosystem backed by a strong technology firm providing solutions, frameworks, API’s in the areas of BlockChain, Machine Learning, Artificial Intelligence, IoT and End to End Payment solutions. As a global accelerator program, Findigm has developed a ready to use proprietary frameworks for startups in the following areas:

<ul>
<li>Cloud-based EMV Host platform, Incentive management platform with QR Code for issuance and acceptance of payments across the globe</li>

    <li>Blockchain solution creating Digital ID Keys for Financial Institutions, Merchants and individuals to deliver a powerful, digital ecosystem for Financial Institutions, ICO's and Payment processors, a closed loop ecosystem for ICO's, Gaming & Entertainment Industries.</li>

    <li>White label solutions for alternative payment gateway, FX, MPOS, Mobile Wallet, closed/ open loop card program and redemptions for ecommerce applications</li>

About SMEStreet, the platform was formed in 2014 with an aim to become knowledge sharing driven ecosystem for Startups and Micro, Small and Medium Enterprises (MSMEs). Since then, SMEStreet as a dynamic digital media platform have created exclusivity through the pro-business content and have managed to attract close to a million of Entrepreneurs, CXOs and Policymakers who are involved in the small business segment. Being part of Vertical Business Media Pvt. Ltd. this media platform is committed to contribute proactively in facilitating and cknowledging business growth through effective on –ground market analysis, understanding the trend and more.

• Published via Business Wire India feed