Historically speaking, micro-entrepreneurs, several of whom are based in Tier 3 cities and beyond have not been an area of focus for the organised financial sector of the country. Consequently, the people residing in these cities have a general distrust of banks – which in part can be blamed on banks and in part can…
With a global crisis on our hands, Human Resources are the champions of most companies. Last month, when the COVID19 crisis was just beginning, the Economist wrote an excellent piece on the role of HR in the current climate especially with a focus on employee well-being. We couldn’t agree more with the analysis. The Aye…
Every entrepreneur across the board faces one common challenge; “scaling-up”. Sohan Lal was no different. A massive surge in the number of MSMEs in recent years has meant intense competition. Business owners are always trying to figure out newer and up-to-date methods to ensure growth. Needless to say, internet and scalability have started to go…
We all hope to wake up every day with a sense of purpose, don’t we? For a lot of people out there, this seems to be an eternal quest but not for Hemant Kumar. As a Branch Credit Officer for Aye Finance in Bareilly branch, Hemant, seems to have it all figured out. His daily…
From the telephone to the internet, from legacy software to artificial intelligence, the finance sector has continued to advance with the latest technologies. Fintech today is focused on helping micro and small entrepreneurs across the world grow by providing them access to capital more easily and with a quick turn-around time. Out of all the…
Cricket Goods Manufacturers, Meerut. It is no joke when people say that India has a lot of religions. As a country that has been home to many faiths, there is one belief that transcends borders even more than anything to do with god. That belief is Cricket, the most popular game in India. From…
Clothes Manufacturer, Gandhi Nagar. From working on the second floor to managing a multi-level factory. If you are seeking a living example of a go-getter, explore the bylanes of Gandhi Nagar. You will eventually find Kaleem, grinning as he discusses the day’s tasks with his second in command. When he invites you in for…
Fabricator, Katni. From operating two machines alone to employing ten people. All people, whatever their circumstances, have a dream. So did Ravi. From day one, Ravi was not content with just dreaming, he took ownership of his dreams – and all the work it would entail. And that’s exactly what set him apart. Now an…
Paper Saucer Maker, Ujjain. From pressing paper to signing employee cheques. An intrepid micro-scale businessman, Dilip dabbled with all sorts of jobs, with contracts ranging from dressmaking to the sourcing of miscellaneous items for restaurants in Gujarat. After working endless hours for years, he eventually went to Ujjain, where his ingenuity and resourcefulness saw an…
The MSME contribution to the Indian economy is undisputed in every way. As a sector, it is the 2nd largest employer of the Indian workforce; according to the 2015-16 MSME Annual Report, the MSME segment comprises well over a 45% share in contributing to manufacturing output and exports. With NBFC startups willing to look past…
