Page 4 - Msme Sector

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low

Sidbi launches various MSME cluster development focussed initiatives

Small Industries Development Bank of India (SIDBI) on Monday said it has launched various micro, small and medium enterprises (MSMEs) cluster development focussed initiatives

Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

BoB, U GRO Capital come together to launch co-lending platform 'Pratham'

Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.

Wholesalers, retailers to be included under MSME sector: Nitin Gadkari

Union Minister Nitin Gadkari on Friday has issued an order to revise the definition for Micro, Small and Medium Enterprises by including retailers and wholesale traders under the MSMEs

More firms to come under ambit of small and medium sized companies

In a notification, the ministry defined a small and medium sized company as an entity whose equity or debt securities are not listed or are not in the process of listing on any stock exchange

Khadi sales decline 16% to Rs 3,527.71 cr in 2020-21: MSME Ministry

The production activities remained suspended for more than three months during the nationwide lockdown announced on March 25 last year.

Could government-run GeM be a candidate for listing on Indian bourses?

If the listing does happen, the scale could be comparable to what the LIC public issue will be in the insurance sector

World Bank approves $500 mn program to help boost India's MSME sector

The loan has a maturity of 18.5 years including a 5.5-year grace period.

MSME needs 'concentrated, right kind' of relief package: Assocham

Industry body Assocham has demanded from the government a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic

Why MSMEs need help again and why the govt's earlier approach may not work?

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide

TReDS can be a lifeline for small businesses

The government and its enterprises are the single largest agencies that procure goods from MSMEs. They need to use the Trade Receivables Discounting System to make timely payments to such businesses

Project RE-HAB will soon be replicated in all states, says Gadkari

Project RE-HAB will soon be implemented in different states including West Bengal, Jharkhand, Odisha, Chhattisgarh, and Assam, MSME Minister Nitin Gadkari said on Thursday.

Pre-pack problems

MSME Ordinance violates basic principle of IBC

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

Covid-19 pandemic and risk-aversion halt SME juggernaut in FY21

Only 12 of 25 firms to go for listing are in the green

Star SME: How Alkyl Amines Chemicals is tapping local, global demand

Large capacities and efficient use of capital have been key to Alkyl Amines Chemicals' profitable growth

HDFC Bank's MSME book grows 30% y-o-y to cross Rs 2 trillion-mark

HDFC Bank's MSME book grew 30 per cent year-on-year to cross the Rs 2-trillion-mark as of December-end, mainly boosted by the pandemic-induced ECLG scheme under which it disbursed over Rs 23,000 crore

Watch out for MSME risk build-up amid Covid-19 pandemic, says report

The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019

Bank retail lending moderates in December, farm and SME credit accelerates

Impact of Covid-19-induced economic disruption continues to linger, lenders say