Page 7 - Msmes

Banks sanction loans worth Rs 3.1 trillion to MSMEs under ECLGS: Sitharaman

As much as Rs 2.36 lakh crore have been disbursed to MSMEs, she said

MSMEs entering defence sector to help country become self-reliant: PM Modi

"MSMEs was one of the foremost sectors that benefited from the Aatmanirbhar Bharat package that has shown great results," said PM Modi.

Sunil Bharti Mittal to Rashesh Shah, BS Jury lauds growth-oriented Budget

In terms of sector focus, the Budget has primarily focused on agri and MSME

Govt extends ECLGS scheme for MSMEs till Mar 2023; thrust on hospitality

Presenting the Budget 2022-23 in Parliament, the Finance Minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds

Rs 6,000-cr programme to rate MSMEs to be rolled out in 5 yrs: Sitharaman

As part of initiatives to promote digital infrastructure, a desh stack e-portal will be launched, she noted in her presentation of the Union Budget for 2022-23

PwC's Ranen Banerjee on Budget expectations for MSMEs and more

Ranen Banerjee of PwC India shares his views with Business Standard's Krishna Veera Vanamali on what he expects from the upcoming Budget for the MSMEs and what the govt can do to boost demand

Budget wishlist: Here are the key challenges in manufacturing sector

Measures need to be taken for MSMEs like enhancing the credit limit and access to finance

182 factoring companies for MSMEs now, up from seven earlier

The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on with factoring business

What does the informal sector want from Budget 2022?

The pandemic proved to be devastating for the informal sector. Its representatives asked FM Nirmala Sitharaman to extend support in the upcoming Budget. Take a peek into the condition of this sector

52% of Indian MSMEs saw a positive impact post pandemic: PayPal survey

Study says 29% of MSMEs felt business environment in India became more favourable for online sales; for 31% cross-border opportunity was promising

State Bank of India to get Rs 974 cr for 'interest on interest' payment

The cabinet committee on economic affairs (CCEA) has also approved an equity infusion of Rs 1,500 crore in IREDA

Piyush Goyal appeals to industry to prepay MSMEs to boost employment

Piyush Goyal asked industry bodies to prepay Medium, Small and Micro Enterprises (MSME) to safeguard their viability and to boost employment and growth.

Piyush Goyal urges industry to make advance payments to pendemic-hit MSMEs

Says govt is striving to sign early harvest agreements with several countries; while FTA with UAE is nearing conclusion, talks with Australia for interim deal are at an advanced stage

External forces were active at protest site: Sterlite Copper COO

Sterlite Copper claimed that the production halt at its Thoothukudi unit had led to a loss of over $1.2 billion

Budget 2022-23: Worst-hit sectors may get credit guarantee breather

Budget may extend ECLGS, loan guarantee schemes for MSMEs, hospitality, tourism

Recast scheme to stay afloat, says RBI Trend & Progress report

The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit.

Amount recovered through various channels dropped in 2020-21: RBI report

The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act

Central Bank of India, U GRO tie up for co-lending to MSMEs

The disbursement will be to U GRO Capital's varied MSME segments under its programs - Pratham, Sanjeevani, Saathi, GRO MSME and machinery financing

Rahul Gandhi attacks govt over closing down of MSMEs during pandemic

The government, he said, has admitted in Parliament that nine percent Micro Small and Medium Enterprises (MSMEs) have shut down during the pandemic

9% MSMEs closed down due to Covid as of August 2020, says govt

An online survey of 5,774 MSMEs was carried out