Page 2 - Msme Lending

Banks sanction over Rs 79,000-crore loans to 1.9 mn MSMEs, says govt

The top lenders under the scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank

ClearTax to enter SME lending biz this fiscal, may tie up with banks, NBFCs

Company's business has come back to 70% of pre-Covid level now

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman

Govt likely to issue clarification to add more borrowers under ECLGS

The maths of moratorium

At a cost of 0.1-0.15% of GDP, the government can give confidence to both banks and MSMEs

Policies should be set keeping in mind everyone is in trouble, says Gadkari

By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said

Rs 3-trn relief package for MSMEs to offer pre-approved loans, details out

The loan will be extended in the form of additional working capital term loan facility in case of banks and additional termloan facility in case of NBFCs to eligible MSMEs/ business enterprises

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme

Under the scheme, the government will offer 100 per cent guarantee on loans.

What steps did the govt take to prevent MSMEs from defaulting on loans?

Two important steps have been taken in this regard by the govt

Interest rates charged by banks capped at 9.25% under MSME package

Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders

Details show direct fiscal costs of stimulus measures won't be large

Work from home being a new normal could help in the growth in smaller service sector MSMEs, writes Ranen Banerjee.

Some MSMEs may need deep restructuring, not just liquidity: Union Bank

Bank chief Rajkiran Rai says IBA has taken up the issue of restructuring with RBI

Stock exchanges turn to Centre, state govts to fund SME share sales

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

Govt to set up Rs 1-trn fund to clear pending MSME payments: Gadkari

He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead

Loans to MSMEs, India lockdown to make Axis Bank's bad loans worse

SME slippages so far in FY20 are just little shy of FY19's Rs 11,200 crore, and may increase due to lock-outs imposed

Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more

From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day

Year in Review: MSME sector poised for mega transformation in 2020

The Centre envisions a contribution of Rs 2 lakh crore from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024

Another nail in the coffin: Commercial credit down 2.6 percentage points

The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises

Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat

Usha Thorat says it's absolutely essential for financial stability that bank spreads are not under threat