Page 16 - Msmes

Govt revises PLI scheme for bulk drugs to boost local manufacturing

Industry says revised PLI scheme will attract more MSMEs to invest as minimum investment clause done away with

Gold loan assets of NBFCs expected to grow at 15-18% in current fiscal

The demand, especially from individuals for meeting urgent personal requirements and from micro enterprises for working capital to restart businesses, would propel gold loan growth

43% small businesses plan to hire women in the next 6 months: Survey

Covid-19 has caused 78% of small businesses in India to reduce their workforce in the last 8 months, according to the LocalCircles survey

UP govt to float asset-based lending arm to ease working capital for SMBs

Will set up JV between two state-owned entities, push for developing industrial enclaves spanning 5-50 acres under PPP model

BSE joins hands with Telangana govt to help MSMEs raise equity funds

The BSE and the commerce and industries department of Telangana, along with GlobalLinker, have signed a memorandum of understanding in this regard, the exchange said in a statement

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Next set of asset quality woes for lenders to come from MSME segment

Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools

Govt implements AI, ML tools on 'Champions' portal for assistance to MSMEs

The Champions system was launched by Prime Minister Narendra Modi on June 1, 2020

RBI's pro-growth policy brings cheer to D-Street, experts warn of bubble

Helped by pent-up demand and inventory push ahead of the festive season, earnings growth in September quarter is anticipated to be better than June's performance

World Bank to support enterprises in Uttar Pradesh under ODOP scheme

The ODOP scheme was launched in 2018 to promote the state's traditional and indigenous industries under the MSME sector by providing funding, training, marketing support etc

Banks sanction Rs 1.87 trn to 5.07 mn MSMEs under credit guarantee scheme

The Finance Ministry said banks have sanctioned loans of about Rs 1,87,579 crore to 5.07 mn business units under the Rs 3-lakh crore ECLGS for MSMEs impacted by slowdown caused by the pandemic

Flipkart expands last-mile reach with 3,000 hubs ahead of festive season

This would strengthen the e-commerce firm's presence in tier-III cities and beyond

Flipkart expands last-mile reach with 3,000 hubs ahead of festive season

This would strengthen the e-commerce firm's presence in tier-III cities and beyond

Indian Bank launches business mentoring programme to support MSMEs

'MSME Prerana' will train entrepreneurs in business skills, communication, credit assessment.

Reforms to mitigate Covid-19 impact will ensure long-term growth: FinMin

The implementation of 'Aatmanirbhar Bharat' package and unlocking of the economy have ensured that economic recovery in India has gained momentum

Pandemic relief: UP govt exempts industrial areas from double taxation

Earlier, industries falling under the jurisdiction of UPSIDA, were subject to tax/user charges levied by the nodal industrial development agency and the local district panchayat

Few takers for special liquidity scheme due to stringent eligibility rules

The use of liquidity facility remains low due to factors such as consolidation of business, stringent eligibility rules and short tenure

Credit demand from priority sectors drops to 1.9% in June quarter: Report

Despite many efforts by government to boost credit supply by offering many a scheme to MSMEs and other priority sectors, the same has plunged to a low 1.9% in the June quarter from 10.2% a year ago

Flipkart Wholesale's first-ever festive season sale for fashion retailers

Flipkart Wholesale's 'Big Festival Month' would offer a wide range of products in categories