Page 12 - Msme Sector

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

Miles to go as financial inclusion has only scratched surface: TRIBE CEO

Tech is helping extend credit to the MSME sector

$5 trillion economy: MSME sector has crucial role to play, says Assam CM

Sonowal also appealed to the entrepreneurs to take benefits of the National SC/ST hub to add capacity building.

UP posts 100% growth in MSME sector; project count hits 14 mn: Export panel

At present, the MSME sector contributes 65 per cent of the state's annual industrial output and is the second biggest employer after agriculture

MSME ministry likely to streamline existing schemes for better results

Central schemes may be significantly modified to maximise returns on fund allocation and speed up industrial output

Govt working on policies to push MSME exports, local production: Gadkari

He further said that secondly, the government is working on policy to increase indigenous production of products that are being imported

UP govt seeks Niti Aayog's help for release of Rs 46,000 cr central funds

49 state depts were to get Rs 69,459 cr in all during 2019-20, of which Rs 22,588 cr or less than a third of the total was released in first six months of the current fiscal

IAF fleet to rise to 2,000; opportunities in repair to grow: Official

There will be a huge requirement of aircraft in the next 10 to 20 years in military aviation of the country, said Air Marshall R K S Shera, Air Officer Maintenance of the IAF

MSME plays key role in becoming $5 trillion economy, says Union minister

He said earlier Indian companies used to export material and import finished goods due to lack of technology availability

Develop clusters in backward, tribal areas: Gadkari to leather industry

On the capital issue, he said cost of capital is high in the country and it is difficult to get finance from the banking system

Credit growth picked up rapid pace from September 2019: SBI report

As per the report, in September, the jump in retail credit at Rs 51,900 crore was nearly double that of August, of which housing loans jumped by 2.6 times.

MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch

Speaking on the occasion, Union Bank managing director Rajkiran Rai G said, through the hundred years journey, the bank has been serving national priorities.

A slew of measures to ease the pain of payment delays faced by MSMEs

In 2015-16, India had 63.4 million MSMEs employing 111 million persons, according to National Sample Survey data cited in the MSME Annual Report 2018-19

Tamil Nadu govt attracted Rs 5,541-crore investments from MSME sector

Chairman of CII Tamil Nadu council S Chandramohan said the trade body has been taking initiatives to support MSMEs' growth

Govt to soon bring changes to make one single definition of MSMEs: Gadkari

The new definition is likely to be effected through an amendment to the MSME Act and may lead to further improvement in India's ease of doing business scenario

Centre to develop labour index of skilled manpower: Union Minister

UP and Bihar accounted for the largest number of migrant workforce in India

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

Govt to launch enterprise development centres for MSMEs in all districts

Aimed at developing a cadre of indigenous entrepreneurs in the MSMEs, the EDCs will be similar to incubators for start-ups, according to a official documents reviewed by Business Standard

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

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

Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

Stressed MSME assets will not be labelled NPAs till March 31, 2020