Page 29 - Msmes

IFC to invest $200 mn in Mahindra Finance to fund MSMEs in poor states

At least $100 million will be earmarked for women-owned micro, small and medium enterprises

Govt aims to generate additional 50 mn job opportunities in MSMEs sector

The target is also increase the share of MSMEs in the country's export and growth to 50 per cent, Gadkari said

Day after GDP data, PM defends govt's record and hints at more measures

Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months

$5 trillion economy: MSME sector has crucial role to play, says Assam CM

Sonowal also appealed to the entrepreneurs to take benefits of the National SC/ST hub to add capacity building.

Defence Ministry allocates Rs 400 cr to set up testing facilities for MSME

75 per cent of equipment at each unit to be financed by govt, rest to come from private investors; 6-8 facilities planned in south and north defence corridors

Trillion-dollar economy target: UP govt framing new export policy

State partners with Federation of Indian Export Organisations for draft paper, may place it before cabinet for approval next month

MSME ministry likely to streamline existing schemes for better results

Central schemes may be significantly modified to maximise returns on fund allocation and speed up industrial output

Govt working on policies to push MSME exports, local production: Gadkari

He further said that secondly, the government is working on policy to increase indigenous production of products that are being imported

MSME plays key role in becoming $5 trillion economy, says Union minister

He said earlier Indian companies used to export material and import finished goods due to lack of technology availability

Dedicated govt fund for MSMEs will spur sector's growth: PHDCCI chief

While a lot of announcements have been made by the government in the last few months, public sector undertakings continue to pay late, says PHDCCI chief D K Aggarwal

HDFC Bank's wholesale book has grown at 27% CAGR in three years

The bank has an optimistic outlook on the credit demand from the corporate and SME sector

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.

Rajnath invites pvt sector for 'active participation' in defence industry

Singh also said the Centre is committed in exploiting the entrepreneurship spirit of private defence sector and ready to interact and resolve their problems

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Banks slippages to continue due to stress from various sectors: ICRA

The private banks, due to their higher credit cost in FY20, will see muted RoE at 9-10 per cent

Cost of refinancing loans against property is on the rise for shadow banks

Both non-banking financial companies (NBFCs) and housing finance companies (HFCs) are shying away on such loans to micro, small and medium enterprises (MSMEs)

FM Nirmala Sitharaman announced loan 'mela' despite banks' reluctance

PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

Govt proposes to significantly reduce fees for IPRs for MSMEs, startups

For design applications filing, fees for MSMEs and startups will be reduced to Rs 1,000 from Rs 2,000, the ministry said

Govt's big plan to push EVs: Rs 40,000-crore subsidies in the works

The proposed move is expected to benefit micro, small and medium enterprises