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Catch up on the latest news and updates in the world of MSMEs

This week’s edition covers:

In a bid to enable a wide variety of local businesses to offer their products/services, the government intends to develop a digital platform on an open network. 

Top banks like SBI & HDFC, stock exchanges like NSE & BSE, and payments and settlement institutions like NPCI have expressed interest in building and supporting the network to curb digital monopolies.

The digital bookkeeping app Khatabook shut down MyStore, its e-commerce enablement product, on 15th November.

The closure came close on the heels of a contentious legal battle between Khatabook and its competitor Dukaan over plagiarism. Khatabook had to change the name of its e-comm app to MyStore after a four-month-long conflict.

Google to invest ₹ 110 crores in a lending scheme that will help SIDBI disburse loans to MSMEs. 

Micro enterprises with turnover up to ₹ 5 crores are eligible for loans ranging from ₹ 25 Lakhs to ₹ 1 Crore. MSMEs that need capital to upgrade their equipment or scale their production infrastructure will be eligible for loans under the scheme. Women-owned businesses can avail the resources at competitive interest rates, as the scheme aims to encourage female entrepreneurs. 

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As fun as it is to keep up with Kim & Kanye, or read the Buzzfeed listicle on interview questions, it probably isn’t the distraction you need at work. 

Do you ever find yourself getting sidetracked by a fascinating article that someone emailed you? And then click on the link that was in that article to another blog post, Twitter comment, or Facebook page? Pocket-it and read it later.

Bookmark articles, find engaging articles and read them offline. It is compatible with a variety of devices, so you can save an article on your computer and read it later on your phone.

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