Page 11 - Msme

BSE joins hands with Ficci to enhance MSME and start-up environment

The MSMEs were invited to present their summary of ideas and suggestions as well as discuss their main issues of concern to the ministry

Govt plans to constitute working group on proposed new industrial policy

The DPIIT had initiated the process of formulation of a new industrial policy in May 2017

As NPA resolution crawls, banks stare at spike in credit cost: India Rating

Icra said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate

Repo rate to be external benchmark for floating rate loans from Oct 1: SBI

The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole

Highlights: GST Council announces steps to help tourism, trade

GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.

UP to tie-up with Bank of Baroda for MSME funding, plans venture fund

Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units

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

Loan rates will come down

Over time, banks will be forced to either offer lower tenure fixed deposits or longer tenure floating deposits

Govt to soon take a call on U K Sinha panel report on MSMEs: Gadkari

The committee was set up to review the framework for MSMEs, and suggest long-term solutions for economic and financial sustainability for the sector

Edelweiss Group, Central Bank of India join hands to co-lend to MSMEs

The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners

UP govt to tap World Bank arm IFC for easy capital flow to MSME sector

IFC country head likely to visit Lucknow soon to hold further talks

Gadkari's mega plan for small biz: Record 100,000 new MSMEs this fiscal

Ministry also targets 66% rise in credit, setting up of 400 clusters and Rs 50,000 cr in procurement from sector

MSMEs must create 50 million jobs in 5 years, says Nitin Gadkari

Currently, micro, small and medium enterprises contribute 29 per cent to the country's gross domestic product and have created 11 crore jobs in recent years

MSMEs to get pending GST refunds within 30 days, says FM Sitharaman

In future, all GST refunds of micro, small and medium enterprises will be paid within 60 days from the date of application

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

Stress in agriculture, MSME sector may impact banks' retail loan portfolios

Over the last few quarters, due to stress in the corporate loan sector, banks have been trying to focus on retail loans

Reliance Jio looks to heat up cloud business, sets sight on 10 mn MSMEs

Company plans to bring 5 million retailers and kirana stores on cloud

Tribals need to be made self-reliant and self-sufficient: Nitin Gadkari

Gadkari assured that all possible help would be extended to the tribal community through his MSME Ministry

India Inc sees J&K in new light after govt scraps provisions of Article 370

The region to hold its first investors' summit in October; many look at opportunities in the FMCG sector