MSME Credit Growth

Ramann joined Sidbi in the midst of the second wave of Covid-19 pandemic, he has been involved in crafting policies for providing timely liquidity, and schemes for restructuring support to MSME sector

The Meghalaya government on Friday signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE) to help facilitate flow of credit to MSME borrowers. The MoU between the state Finance department and the CGTMSE under the Ministry of MSME was signed to implement the 'Meghalaya Credit Guarantee Scheme', a statement issued by the department said. This MoU will strengthen the credit delivery system and facilitate flow of credit to the MSE sector, it added. Meghalaya Chief Minister Conrad Sangma who was present during the signing of the MoU emphasized that such interventions by the state government is part of the overall objective of encouraging and promoting entrepreneurship in the state. Currently, the loans taken by MSME borrowers are covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) against a risk coverage of 75 per cent of the loan amount under various MSME schemes. However, banks still perceive their portion of risk a

RBI data showed that credit to industry grew 8.7 per cent in May

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

The plea comes at a time when coronavirus pandemic has crippled business activity, with SMEs being the worst-hit

A bank will not, upon resumption of its business, honour or negotiate under a credit that expired during such interruption of its business

While a lot of announcements have been made by the government in the last few months, public sector undertakings continue to pay late, says PHDCCI chief D K Aggarwal

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

UP was followed by Andhra Pradesh 18.6%, Rajasthan 18.3% and Haryana 18%