A firm with a grievance should not rush to the high court when there is an efficacious remedy under the Micro, Small and Medium Enterprises Development Act.
The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019
"How long can you blame the previous managers?" asked Chidambaram in his speech
Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors
Markets to open for regular trading on February 1
The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said
Conserve cash and maintain a steady cash flow to survive this economic slowdown
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
Under the Prime Minister's Employment Generation Programme (PMEGP), 65,312 new micro-enterprises have been set up, the MSME Ministry said in its year-end review for 2019
Contract to be signed in next few weeks; deals with Alibaba, Flipkart are also in the pipeline
The ministry of micro, small and medium enterprises (MSME) has begun an investigation into why placements through the portal have not picked up, sources said
Apart from this, the regulatory and legislative measures taken by the government in the past few years have propelled growth in low-cost housing loans
The IM Shakti (Indira Mahila Shakti) Yojana dedicated to women empowerment will also be launched on this occasion. Chief Minister Ashok Gehlot has given a budget of Rs 1,000 crore for this scheme.
Banks will also consider requests from MSMEs for restructuring their stressed standard assets
Tech is helping extend credit to the MSME sector
At present, the MSME sector contributes 65 per cent of the state's annual industrial output and is the second biggest employer after agriculture
He said earlier Indian companies used to export material and import finished goods due to lack of technology availability
Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments
Chairman of CII Tamil Nadu council S Chandramohan said the trade body has been taking initiatives to support MSMEs' growth
Firm claims it is sourcing a range of food items and traditional handicrafts made in UP, apart from goods from Jaipur, Panipat, Sholapur and Ahmedabad