Page 12 - Msme

Govt may seek up to $14.5-bn credit from foreign lenders for MSMEs: Report

India's 63 mn firms in the MSME sector are responsible for more than a quarter of the country's manufacturing and services output, and must be re-energised for PM Modi's govt to kick-start the economy

MSME focus for Yes Bank; looks to reduce turnaround time to one day

The bank is looking to disburse Rs 500 crore in the next one year through its newly-launched lending program, the Smart Edge for MSMEs

Budget focuses squarely on MSMEs through dedicated payments platform

A payments platform will be created for MSMEs to enable the e-filing and payment of bills

Budget 2019: Rs 350 cr allocated for interest subvention for MSMEs

FM also says country needs to make structural reforms to achieve $5 trillion economy in the next few years

Economic Survey calls for 'sunset' clause on policy incentives to MSMEs

While large firms create permanent jobs in large numbers, according to the survey, young firms create more jobs at an increasing rate than older firms

50,000 new MSME units invest Rs 2,300 cr in Odisha: Economic Survey 2018-19

Together, these new units have created 147,000 jobs; repairing services take up lion's share, at 60% of all MSMEs in the state, generating 43.1% of overall jobs

MSMEs crucial for creating jobs, income in developing countries: Goyal

The minister said that free trade and investments will benefit developing countries when they remain development centric

Finance Ministry tells state-run banks to shore up credit to MSMEs

Earlier this year, the RBI allowed a one-time restructuring scheme for MSMEs with a maximum exposure of Rs 25 crore

Low bargaining power of the entities hitting MSMEs badly: Expert panel

Data shows that apart from commercial banks, NBFCs emerged as a big funding source for the sector

MSMEs forced to approach moneylenders as PSBs steer clear despite govt push

While the average cost of bank lending to MSMEs is between 12-15%, it goes up to as high as 18% from NBFCs, and 24% from moneylenders

Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report

The MSME segment, where NPAs had peaked in the previous few years, is starting to see a fall in NPA ratios

MSME minister urges banks to provide loans to youth and small entrepreneurs

The MSME minister said the government is keen to bring SC/ST entrepreneurs at par with their counterparts in the industry

The big problem of micro and small enterprises

Under pressure, many banks are in perennial search of Mudra loan seekers. In the process, the credit risks are rising

Two steps forward, one back

Overall NPA situation improves, but what of MSME lending?

Extend loan restructuring plan to firms yet not registered under GST: MSMEs

The MSME sector Wednesday demanded the RBI's loan restructuring scheme be also extended to the companies not yet registered under the goods and services tax and called for restoration of priority sector lending tag for such enterprises. The Reserve Bank of India (RBI) Tuesday allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets. "It would have been far more effective if the scheme covered all MSMEs, GST-registered or not, as a large number of units are adversely affected due to delays in payments owing to stressed economic conditions as a result of twin shocks of demonetisation and GST," said Federation of Indian Micro and Small & Medium Enterprises Secretary General Anil Bhardwaj. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and non-banking finance companies, to a borrower should not ...

RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

To be eligible, the MSME account should remain a 'standard asset' as of January 1

New RBI norm allows one-time restructuring of loans defaulted by MSMEs

The aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019 to be eligible for the scheme.

Despite relaxed norms, few MSME promoters able to bid for their own company

The number of firms going for liquidation remains higher than those with a resolution plan

Small companies struggle to stay afloat as bigger peers race ahead

While revenues of all listed companies grew 30% in last three years, the bottom quartile saw a 40% decline

Ministry proposes to set up governing council to boost shipments from MSMEs

A formal platform may also be created by the ministry to ensure that it is involved in all bilateral and multilateral trade negotiations which have an impact on the enterprises