Msme Listings

Sidbi partners with VFS to extend MSME loans up to Rs 5 lakh at 13% pa

The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said. VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said. "We have tied up with SIDBI to provide loans to the SME and MSME sectors. VFS Capital expects to disburse Rs 30-40 crore under the scheme this fiscal, MD and CEO Kuldip Maity said. The loan book of the MFI during 2022-23 is expected to be around Rs 1,100-1,200 crore from Rs 805 crore in the last financial year, he said. Maity said the company is planning to expand its footprint in the north-western part by launching operations in Rajasthan by the end of January. At present, it operates in 13 states including West Bengal, Assam and Tripura. VFS Capital also plans to add 35 branches within this fiscal, taking the number to 270 across the country. We aim to raise Rs 100 crore in .

Stock of this SME iron & steel products' company has zoomed 117% in 1 month

Rhetan TMT hit a new high of Rs 299.05, having rallied 327 per cent against its issue price of Rs 70 per share

BSNL tops list of CPSEs with highest pending dues to small firms

The micro, small, and medium enterprises (MSME) ministry has created a portal where these firms can file applications online regarding delayed payments

Govt launches 3 schemes to strengthen MSMEs in pharmaceutical sector

The government on Thursday launched three schemes to strengthen Micro, Small and Medium Enterprises (MSMEs) in the pharmaceutical sector. Union minister Mansukh Mandaviya noted that the schemes envisage technology upgradation, setting up of common research centres and effluent treatment plants in clusters for the pharma MSMEs. Small companies should be able to upgrade their facilities to global manufacturing standards, he said. The chemicals and fertilisers ministry rolled out the schemes under the banner of 'Strengthening Pharmaceuticals Industry' (SPI). "I believe the pharma MSME industry will greatly benefit from the schemes. The new schemes have many benefits that will go a long way in making the Indian pharmaceutical industry, Atma Nirbhar, more resilient and future-ready," Mandaviya, who heads both health as well as chemical and fertilisers ministries, said. The schemes provide for credit linked capital and interest subsidy for technology upgradation of MSME units in ...

Yogi 2.0 to showcase MSME bandwidth at UP Global Investor Summit 2023

UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event

Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil

More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday.

Easier overseas listing

Move will remove a major bottleneck for start-ups, MSMEs

Top 10 biz headlines: PM on economic revival, Moody's ratings and more

Here are the top ten headlines on Wednesday morning

Nearly 70% listed firms' turnover below new MSME threshold due to lockdown

Not all companies had declared results for FY20. Turnover figures for previous year were used when FY20 numbers were unavailable

Key decisions announced in the Cabinet briefing today

Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for the MSME sector

IPO activity drops in September quarter amid volatility in secondary market

In terms of number of deals, India ranked sixth globally

In 3 months, 21 MSMEs may list on BSE's SME platform; most from West Bengal

Listing helps such small companies gain investor confidence faster owing to more transparent filing norms