Advertise Here [468 W x 60 H pixels]
Web Exclusive | January 2017

41% MSMEs see surge in cheque & e-payments

CRISIL’s nationwide survey of micro, small and medium enterprises (MSMEs) shows a substantial shift away from cash transactions following the government’s move to demonetise bank notes of Rs 500 and Rs 1,000 denomination recently.

To be sure, the cash ban has impacted business operations, but more importantly, demonetisation has spurred a major change in the way MSMEs conduct business. Most of them see only a short-term impact of demonetisation, and more than three-fourths believe it will be business as usual by June 2017. As many as 41 per cent of MSMEs said their clients have shifted to cheque or electronic payment since demonetisation.

Says Ashu Suyash, Managing Director and CEO, CRISIL: “It is heartening to see this marked shift to cheque or electronic payments, especially in the traditional, cash-intensive sectors such as textiles, agricultural products, electrical equipment, steel, consumer durables and automobiles. Given that these are the core sectors of the economy, a move to ‘less-cash’ transactions will eventually transform business models in the MSME sector.”
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
A T E Enterprises Pvt Ltd      AK Technofab      Arudatta Triotex Engineers Pvt Ltd      Autotex Ancillaries Pvt Ltd      Bhagat Textile Engineers Pvt Ltd      Bharat Bijlee Ltd      Continental Engineering Indus Pvt Ltd      D.V. Prabhakar      Dynamic Autolooms India Pvt Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fadis Textile Machinery      GEM Equipments (P) Ltd      Groz-Beckert Weaving      HMSU Rollers (India) Pvt Ltd      Innova Machines      Jacobi Machinery Pvt Ltd (Simta)      Jogindra Industries Pvt Ltd      K U Sodalamuthu and Co. Pvt Ltd      Key Textile Accessories Pvt Ltd      Kothari Techno Tex      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Laxmi Shuttleless Looms Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M K Brothers Mfrs Pvt Ltd      MAG Solvics Pvt Ltd      Marvel Gloves Industries / FAB Industries      Mayur Reeds And Healds Pvt Ltd      Nanotek Agencies      Nestling Technologies      NIF Mechanical Works Pvt Ltd      Peass Industrial Engineers Pvt Ltd      Peass Industrial Engineers Pvt Ltd      Prashant Gamatex Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd      Sainit Textiles / Sainit Exports      Savio India Ltd      Savio Texcone Pvt Ltd      SG Pneumatics Pvt Ltd      Shail International Pvt Ltd      Shree Gayatri Heald Mfg. Co.      Sieger Spintech Equipments Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sri Lakshmi Fire Controls      SSP Pvt Ltd      Thymas Electronics Pvt Ltd (Textest/Keisokki)      Unitop Aquacare      Vaari Textile Machine India Ltd      A T E Enterprises Pvt Ltd      AK Technofab      Arudatta Triotex Engineers Pvt Ltd      Autotex Ancillaries Pvt Ltd      Bhagat Textile Engineers Pvt Ltd      Bharat Bijlee Ltd      Continental Engineering Indus Pvt Ltd      D.V. Prabhakar      Dynamic Autolooms India Pvt Ltd      Elgi Equipments Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fadis Textile Machinery      GEM Equipments (P) Ltd      Groz-Beckert Weaving      HMSU Rollers (India) Pvt Ltd      Innova Machines      Jacobi Machinery Pvt Ltd (Simta)      Jogindra Industries Pvt Ltd      K U Sodalamuthu and Co. Pvt Ltd      Key Textile Accessories Pvt Ltd      Kothari Techno Tex      Lakshmi Machine Works Ltd      Lapp India Pvt Ltd      Laxmi Shuttleless Looms Pvt Ltd      Loepfe Brothers Ltd (Masterline)      M K Brothers Mfrs Pvt Ltd      MAG Solvics Pvt Ltd      Marvel Gloves Industries / FAB Industries      Mayur Reeds And Healds Pvt Ltd      Nanotek Agencies      Nestling Technologies      NIF Mechanical Works Pvt Ltd      Peass Industrial Engineers Pvt Ltd      Peass Industrial Engineers Pvt Ltd      Prashant Gamatex Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd      Sainit Textiles / Sainit Exports      Savio India Ltd      Savio Texcone Pvt Ltd      SG Pneumatics Pvt Ltd      Shail International Pvt Ltd      Shree Gayatri Heald Mfg. Co.      Sieger Spintech Equipments Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      Sri Lakshmi Fire Controls      SSP Pvt Ltd      Thymas Electronics Pvt Ltd (Textest/Keisokki)      Unitop Aquacare      Vaari Textile Machine India Ltd