Page 22 - Msmes
Home furnishing units will recover faster than garments: CRISIL SME Tracker
While demand for the home furnishings segment (SME share is 70-80 per cent of Rs 700 billion) is expected to decline as well, we expect the segment to pick up sooner than garments
 "Home furnishing units will recover faster than garments: CRISIL SME Tracker")
Maxim of the fish: New MSME norms may not be a blessing for small business
Enhancing the investment and turnover limits for MSMEs was overdue, but the smaller units will have serious reservations
 "Maxim of the fish: New MSME norms may not be a blessing for small business")
PSBs disburse half of the sanctioned credit guarantee scheme loans
State Bank of India contributed to 75% of the total loan disbursements of Rs 8,320 crore till June 5
 "PSBs disburse half of the sanctioned credit guarantee scheme loans")
Policies should be set keeping in mind everyone is in trouble, says Gadkari
By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said
 "Policies should be set keeping in mind everyone is in trouble, says Gadkari")
Firms rush to register as MSMEs, but most may not get loans: Officials
The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since last year
 "Firms rush to register as MSMEs, but most may not get loans: Officials")
Unlock 1.0: UP targets to create 10 mn jobs for migrants, says Chief Secy
Adityanath issued directives to speed up big-ticket projects, including expressways, roads, canals, medical colleges, universities etc to employ migrants and other workers
 "Unlock 1.0: UP targets to create 10 mn jobs for migrants, says Chief Secy")
PSBs disburse Rs 8,320 cr loan to MSMEs under emergency credit scheme
On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME sector
 "PSBs disburse Rs 8,320 cr loan to MSMEs under emergency credit scheme")
Why most businesses, startups trying to register as MSMEs may not get loans
The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since last year
 "Why most businesses, startups trying to register as MSMEs may not get loans")
Govt destroying economy by refusing to give cash support to MSMEs: Rahul
Gandhi has called for an immediate provision of Rs 10,000 to the poor and an economic stimulus package for the MSME industry to come out of the current situation
 "Govt destroying economy by refusing to give cash support to MSMEs: Rahul")
JSL witnesses rebound, export orders approach pre Covid-19 levels
Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes
 "JSL witnesses rebound, export orders approach pre Covid-19 levels")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
SBI creates separate business vertical to drive MSME, agri finance
Under FI&MM, the bank will offer loans predominantly for agriculture & allied activities, and micro/small enterprises and vastly improve customer experience for the citizens in the hinterland
 "SBI creates separate business vertical to drive MSME, agri finance")
Covid-19 crisis: PM Modi says growth will return, more reforms in the works
He said the pandemic might have applied the brakes on the speed of the economic growth, but the country had left behind the phase of lockdown and entered the first phase of unlocking.
 "Covid-19 crisis: PM Modi says growth will return, more reforms in the works")
MoD discusses proposed defence procurement guidelines with industry
On the question of making procurement faster and simpler, Chandra said that DPP 2020 aimed at reducing the burden of bank guarantees
 "MoD discusses proposed defence procurement guidelines with industry")
Over a third of MSMEs may end up shutting down operations, says AIMO survey
The results are based on 46,525 responses AIMO received from across industry segments including self-employed, MSME owners, corporate CEOs, employees and experts
 "Over a third of MSMEs may end up shutting down operations, says AIMO survey")
Key decisions announced in the Cabinet briefing today
Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for the MSME sector
 "Key decisions announced in the Cabinet briefing today")
Atmanirbhar Bharat: Union Cabinet approves changes in definition of MSMEs
The government also approved an equity scheme for MSMEs worth Rs 50,000 crore
 "Atmanirbhar Bharat: Union Cabinet approves changes in definition of MSMEs")
'Govt, firms should take note of ICC's suggestions'
The ICC wants the governments to provide direct and immediate support to small businesses to ensure their continued operation
When will Krishna get her old life back?
Her son and daughter who both have jobs in small businesses, had found themselves home without pay during the lockdown
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
 "Urban co-operative banks seek guarantee cover for their MSME borrowers")
