Latest news with #MSMEs'
Jordan News
28-07-2025
- Business
- Jordan News
Orange Jordan and GIZ Launch Specialized Program to Boost Financial Literacy for Startups - Jordan News
Orange Jordan and GIZ Launch Specialized Program to Boost Financial Literacy for Startups Orange Jordan has announced the launch of the program 'Finance Forward: Empowering Entrepreneurs Through Financial Literacy', in partnership with the German Agency for International Cooperation (GIZ). This initiative is part of the 'Innovative Approaches to Financial Inclusion for MSMEs' project in Jordan, funded by the German Federal Ministry for Economic Cooperation and Development (BMZ). The program aims to empower entrepreneurs, startups, and small and medium-sized enterprises (SMEs) by enhancing their financial knowledge. اضافة اعلان The program targets five key governorates: Amman, Zarqa, Irbid, Karak, and Aqaba. It offers specialized training sessions designed to equip participants with essential skills to manage their financial resources effectively and make informed financial decisions. The focus areas of the program include strengthening participants' capacities in financial management, business development, and strategic financial decision-making, with the broader goal of supporting economic empowerment and sustainable business growth. It is primarily aimed at early-stage entrepreneurs, business owners (including SMEs), youth interested in launching their own ventures, and local business communities across Jordan. Orange Jordan reaffirmed its strong commitment to supporting local entrepreneurs by equipping them with fundamental financial knowledge and practical tools that drive sustainable growth. This initiative aligns with the company's broader strategy to promote innovation and build a knowledge-based economy, while continuing to empower students, youth, and entrepreneurs with the skills and experiences needed to thrive in today's business environment. Ulrich Haas, Project Manager of Innovative Approaches to Financial Inclusion, emphasized: 'Financial literacy is the cornerstone of sustainable economic development. Through our collaboration with Orange Jordan, we are proud to support entrepreneurs and small businesses across the Kingdom, empowering them with the knowledge and skills needed to grow and create sustainable job opportunities in Jordan.' This initiative is part of Orange Jordan's ongoing efforts—through its startup incubators and accelerators—to support entrepreneurship and foster economic growth in the Kingdom by equipping students, youth, and business owners with the necessary skills and knowledge for success in the business world. For more information, please visit:
The Hindu
26-06-2025
- Business
- The Hindu
Businessline conclave in Coimbatore to focus on MSMEs' contribution to Indian growth story
To celebrate the work of micro, small and medium enterprises (MSMEs), The Hindubusinessline is hosting its annual MSME conclave. The fourth edition, to be held in two cities, was kicked off in Bengaluru on June 25 and now it is coming to Coimbatore on June 27. The series will discuss MSMEs' contribution to the Indian growth story. MSME Day is observed world over annually on June 27 to celebrate these enterprises and recognise their importance, shed light on their contributions, and promote their growth and sustainability. At the Coimbatore event, R. Nandini (Immediate Past Chairperson, CII Southern region, and MD, Chandra Textiles) will be the guest of honour. Businessline Editor Raghuvir Srinivasan will address the audience before the commencement of the event The event will have two power-packed panel discussions and a fireside chat. The first panel titled, 'MSMEs: Delivering a Big Bang (On Defence Supplies)', will feature Gyaneshwar Tyagi, Chief General Manager of the High Energy Projectile Factory, a unit of Munitions India; Sai Pattabiram, Managing Director and Founder, Zuppa Geo Nav Tech; Ashok Atluri, CMD, Zen Technologies; and Sundaram Venkatapathy, Director, Codissia Defence Innovation and Atal Incubation centre (CDIIC). The session will be moderated by M. Ramesh, Consulting Editor, businessline. The second panel, 'MSMEs: Navigating Global Trade Disruptions', will feature Sasikumar Gendham, President, ELCINA; Kumar Duraisamy, CEO, Eastern Global Clothing and Joint Secretary-Tirupur Exporters Association; and Ramesh M, Managing Director, Alphacraft; and Kanishka Arumugam, Co-Chief Executive, EKKI Pumps. This session will be moderated by Sindhu Hariharan, Chief of Bureau, businessline, Chennai. The fireside chat with Ajay Srivastava, Founder, Global Trade Research Initiative, will be hosted by Aarati Krishnan, Consulting Editor, businessline. The past three years too, on MSME Day, businessline had hosted similar conclaves for MSMEs, which saw the participation of many from this sector. These enterprises play a vital role in the Indian economy. With a vast network comprising approximately 6.3 crore MSMEs, this sector generates employment opportunities for around 11 crore people. The businessline MSME Growth Conclave – Coimbatore 2025 is powered by Janatics and HDFC Bank, events associate partners include SSVM Institutions Coimbatore, City Union Bank, Radiance Realty, SIDBI, South Indian Bank, Tally, Milky Mist, Indian Overseas Bank, and Union Bank of India. Luxury Partner is Lexus. Live stream:
Time of India
25-04-2025
- Business
- Time of India
Industry body wants reforms for smooth MSME credit flow
An industry body of small businesses has sought changes in banking regulations - particularly loan classification guidelines and third-party rating system - to ensure smooth credit flow to micro, small and medium enterprises (MSMEs) facing temporary setbacks. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St In a submission to the government, the Federation of Indian Micro and Small & Medium Enterprises (Fisme) has recommended introducing a human interface before categorising loans as special mention accounts (SMAs) and easing the guidelines. SMA is an early warning system used by lenders to identify accounts at risk of becoming non-performing assets (NPAs). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo It categorises loan accounts into different groups based on the number of days an instalment is overdue. "The SMA framework's trigger is automatic, computer-driven, and lacks a mechanism to take into account the qualitative reasons of delay," Fisme said in its representation to the government. Once an account is tagged as SMA, banks isolate these companies from the credit ecosystem, severely harming their chances of revival, Fisme said. Live Events The guidelines also encourage the banks to sell the assets of enterprises rather than focus on revival, it added. "The SMA guidelines at present are designed in a way to bury these enterprises to the ground once they fail to meet their payment obligations, although the cause may be temporary and there is a good chance that these MSMEs could be revived with some support," said Anil Bhardwaj, secretary general of Fisme. Another flaw flagged by the industry body is the yardstick third-party rating agencies use for evaluating MSMEs' ability to pay back debt. These agencies are suitable for assessing listed companies based on their return on investment (ROI) potential, which differs from evaluating MSMEs for their solvency standing, it said.
