Merry Christmas from the Swipez family! Here’s the latest news and updates from the world of MSMEs.

This week’s edition covers:

In a written reply to the Rajya Sabha, the Ministry of Finance states that the RBI with the SCBs (Scheduled Commercial Banks) has taken several measures to exempt credit to new MSMEs. 

Impressive though the list may seem, with the year coming to a close and with it the tenure of many of the schemes, the future of credit flow for MSMEs hangs on a balance.

According to an online survey of 150 MSMEs across the nation conducted by the MSMEx, a walloping 70% report crippled operations due to the second wave of COVID.

Is there a silver lining to this dark cloud? 4 out of 10 MSMEs have not only survived but thrived by adopting digital solutions for their operations and making adjustments to their business model.

Asset-light models and easily managed cash flow are the pre-requisites for survival in a post-pandemic economic landscape, deduces Amit Kumar, CEO and Co-Founder MSMEx.

With 56% of the surveyed MSMEs strengthening their digital marketing and payment strategies, and 42% hoping to address delayed client payments, a robust online billing and payment solution is the need of the hour.

Make payouts to your vendors, franchise, and more worth ₹ 5 lakhs at zero costs.

Make to-do lists and organize your tasks for projects and team members. Assign tasks and track their progress and delays.

Todoist comes with a number of templates to help you get started. Manage tasks allocated to you, organise your own to-do list, create checklists for high-priority jobs, set a productivity target, and track your progress against that objective.

Their free plan for starters lets you handle up to 80 projects with 5 individuals each. One of the most effective project management solutions, it is productivity tool of choice for small and medium-sized companies.

To know more about the tools that can help enhance your productivity, read Swipez’s blog “Increase your productivity at work with these free tools.”

Drop us a line and let us know what you would like to see in the upcoming newsletters. Just like the Swipez platform this newsletter too is built with your feedback.