Entrepreneurs – Ecostar Business

MSME

The Endless Troubles of MSMEs: Need a prudent framework to safeguard the interest

Ecostar Editor MagOctober 22, 20201774 Views0

For MSMEs Covid-19 induced lockdown is just another crisis. India’s hostility with China has opened newer opportunities for SMEs engaged in the high technology and engineering segment. But it is not the opportunity that an average SME is worried about, but the inspector raj and delay in giving approvals. Every SME has this problem. Most SMEs are also afraid of local satraps’ pressure to meet their interests. Local authorities must handle them strictly and warn them of consequences. However, these satraps are hand-in-glove with law enforcers too. It is important to debottleneck local issues, says an entrepreneur who has been engaged in manufacturing aluminium foils. Plenty of local hooliganism triggered by local politicians and NGOs kill the enthusiasm of entrepreneurs, who spend...

MSME Special

Union Bank of India: Centurion with a modern face

Ecostar Editor MagOctober 20, 20202064 Views0

Specialised officers who are trained internally take care of MSME vertical to ensure that the ultimate connotation is achieved. The saral centres are working at various regional offices. Currently, Union Bank's MSME asset size stands around Rs69,000crore. Technology equipped operational system, App-based dealing comforts, quick response to the changes taking place in the market, simplification of processes and systems through platforms like Saral, etc make the bank a comfortable destination for MSME transactions including credits. The bank has been growing at the rate of close to 10 per cent in MSME business. Transparent and professionally-run MSMEs can always find timely credit supports from commercial banks in better terms to the extent they would require, though credit is not the so...

Counter View

Can entrepreneurs be happy?

Ecostar Editor MagOctober 20, 20201709 Views0

A periodic ground-level test is necessary People had trusted Modi's famous Gujarat model of socio-economic development. Gujarat had become an industrial powerhouse, mainly because of its procedural simplification and less corruption under his rule. By Sajikumar (Sajikumar is an Entrepreneur, an Author and an Editor of Ayurvedic Medical Publications) In summer 2014, when Narendra Modi stormed to power with a full majority - first time for any government in 30 years - everyone had great expectations from him and his government. People had trusted his famous Gujarat model of socio-economic development. Gujarat had become an industrial powerhouse, mainly because of its procedural simplification and less corruption under his rule. The State became a powerhouse for small ...

Self Employment

Kerala Kafe: Aggregation of Women Power

Ecostar Editor MagOctober 20, 20201606 Views0

Kerala Kafe promises authentic Kerala taste in every food it serves. A venture by four women, the restaurant is set to make itself a place that serves a virtual home-made food under the supervision of the housewives turned restaurateurs. They have a set a standard for the preparation of each item with a touch of their marvelous Malayali hands guaranteeing an inexplicable taste and great contentment. The four women, hailing from different districts from the north end to the south end of the Arabian coastal State, naturally bring in every plate a taste that would satisfy people still cherishing their nostalgia. Four women, Asha Ashokan, Pushpa Prakashan, Hema Sajesh Nambiar and Ambika Murali came together to do business - a specialized restaurant that serves classic Kerala dis...