Page 28 - Msmes

RBI monitoring revival of sick units in UP, flags financial literacy week

Since MSMEs contribute 60% of UP's industrial output, state has stressed on boosting sector with easy working capital loans for realising its trillion-dollar economy target

Bringing MSMEs into e-commerce

Only a minuscule percentage of SMEs participate in e-commerce platforms, leaving the sector's large potential untapped. A mechanism to change this scenario is needed

RBI does what Budget could not

It's not a monetary policy; it's a credit policy of a governor who is not shy of experimentation when the space for monetary easing is limited

Budget's much-needed leg-up for small units: CRISIL SME Tracker

An evaluation of 13,000 MSMEs using the CRISIL Quantix database shows that working capital comprises over half of their need for debt

Budget: A few positive prescriptions for a slow cure, says JM Financial MD

It is reassuring to see that the deficit target was kept within expected lines and 10 per cent growth in nominal gross domestic product is projected

Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy

The Centre's commitment to reduce harassment of a sound taxpayer reaffirmed

Budget proposal allowing NBFC invoice financing will help MSMEs: Trade body

MSME Export Promotion Council Chairman D S Rawat said government should make it applicable to all units operating from conforming as well as non-conforming areas

Banks looking to restructure major chunk of Rs 2-trn MSME loans by March

The MSME sector has been reeling from stress for quite some time

BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget

According to party, meeting fiscal deficit not the real economic issue for the government

Credit Saison, Capital Float to provide digital financing to Indian SMEs

The two companies have jointly developed a unique co-origination model through which they will both contribute capital to deliver last-mile credit to MSMEs across the country

Cos from Iran, Bangladesh to participate in Odisha MSME trade fair

Chief Minister Naveen Patnaik will inaugurate the event on January 8

Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs

With no promise of additional requisite funding, MSME ministry plans to cut existing schemes

Retail loan book of banks, NBFCs will double to Rs 96 trn in 5 yrs: Report

Loans to MSMEs are also likely to double to Rs 13.2 trillion from Rs 6.6 trillion in FY19

Govt approves changes in Interest Subvention Scheme to boost MSME output

Union Minister Nitin Gadkari on Monday approved changes in the Interest Subvention Scheme guidelines for micro, small and medium enterprises, and said the modifications are expected to boost their productivity through access to credit at reduced cost. The Minister for Road Transport & Highways and MSME reviewed the functioning of the scheme. "It is expected that the modifications in the scheme guidelines will lead to fulfilment of objectives of the scheme, i.e. to increase productivity in MSMEs through access to credit at reduced cost," Gadkari said. The minister highlighted that the government is committed to enhancing credit to the MSME sector and the implementation of the scheme is being closely monitored to help micro, small and medium enterprises (MSMEs) get incremental credit of up to Rs 1 crore with an interest subvention of 2 per cent. The modifications to the scheme include settlement of claims based on internal or concurrent auditor certificate and submission of ...

Must revisit policies for credit access to MSMEs, says Rajiv Kumar

Services such as access to credit, technology, market and information are readily available to the formal sector but not to the informal sector said NITI Aayog's Rajiv Kumar

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

Amazon India bets on vernacular, voice & videos to help sellers boost sales

Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.

Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

Top 10 business headlines: Airtel seeks FDI nod, Jio offers more free calls

From clinical trials for faster availability of new drugs to India's real GDP growth in FY20, here are the top business headlines of the day.

Slowdown effect? As capital goods orders dry up, Pune's MSMEs falter

The third part of the series looks at how MSMEs that cater to capital goods makers are reeling from stress