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Page 8 - Msmes

Over 50,000 MSMEs in Coimbatore to down shutters on December 20

Over 50,000 MSMEs in the district would participate in the one-day closure of industries on December 20 to draw the attention of the Centre on issues, including skyrocketing price of raw materials.

Over 50,000 MSMEs in Coimbatore to down shutters on December 20
Updated On : 11 Dec 2021 | 7:39 PM IST

ECLGS helped many small businesses sail through financial woes: Survey

The survey conducted by credit information company Transunion Cibil on 756 companies also said that 68 per cent were confident about a future positive outlook

ECLGS helped many small businesses sail through financial woes: Survey
Updated On : 09 Dec 2021 | 9:05 PM IST

PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt

While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured

PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt
Updated On : 07 Dec 2021 | 12:52 AM IST

Kinara Capital appoints cricketer Ravindra Jadeja as brand ambassador

Kinara Capital, an innovative fast-growing fintech serving India's MSMEs, today announced that it has signed the Indian cricket team's shining star, Ravindra Jadeja, as its official brand ambassador

Kinara Capital appoints cricketer Ravindra Jadeja as brand ambassador
Updated On : 03 Dec 2021 | 6:13 PM IST

Govt to help restart MSMEs which shut down during pandemic: Rane

The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level meeting has been held in this regard

Govt to help restart MSMEs which shut down during pandemic: Rane
Updated On : 27 Nov 2021 | 2:14 AM IST

After big-ticket recoveries, SBI turns to MSME and retail borrowers

According to SBI, at least 30-40 per cent of people pay following a call

After big-ticket recoveries, SBI turns to MSME and retail borrowers
Updated On : 23 Nov 2021 | 6:04 AM IST

Industry may move court against Haryana's 'restrictive' job reservation law

Law mandating 75 per cent reservation of jobs in the private sector for locals will hit small businesses hard.

Industry may move court against Haryana's 'restrictive' job reservation law
Updated On : 12 Nov 2021 | 12:14 AM IST

B2B player Solv crosses Rs 1,200 cr transaction run rate with 100,000 MSMEs

The pureplay marketplace plans to triple transaction volumes on its platform in 12 months, on the back of a robust KYC-verified MSME customer base

B2B player Solv crosses Rs 1,200 cr transaction run rate with 100,000 MSMEs
Updated On : 11 Nov 2021 | 4:03 PM IST

FinMin reforms public procurement to fast-track projects, help MSMEs

Finance secretary on Friday released revised guidelines, which outline innovative rules for this

FinMin reforms public procurement to fast-track projects, help MSMEs
Updated On : 30 Oct 2021 | 1:02 AM IST

Flipkart Wholesale, Rupifi partner to offer 'Buy Now, Pay Later'

Rupifi said it is powering MSMEs with a purchase credit line with flexible repayment options, usage-based interest and zero fees

Flipkart Wholesale, Rupifi partner to offer 'Buy Now, Pay Later'
Updated On : 20 Oct 2021 | 6:38 PM IST

MSME stressed assets likely to touch 18% by March 2022, says CRISIL

For the retail credit, rise in stressed assets is pegged at 4-5 per cent in March 2022 from 3 per cent estimated in March 2021

MSME stressed assets likely to touch 18% by March 2022, says CRISIL
Updated On : 19 Oct 2021 | 10:34 PM IST

SME Chatroom: 'IGST refund rules for exports by EOUs need to be reviewed'

Business Standard brings you the fortnightly Q&A on SMEs

SME Chatroom: 'IGST refund rules for exports by EOUs need to be reviewed'
Updated On : 19 Oct 2021 | 12:43 AM IST

Atleast 50% of retail, MSME loans to move to digital lending: Union Bank MD

Close to 50 per cent of retail and MSME loans offered by banks will shift to digital lending platforms over next two to three years, Rajkiran Rai G said on Thursday.

Atleast 50% of retail, MSME loans to move to digital lending: Union Bank MD
Updated On : 14 Oct 2021 | 7:36 PM IST
Updated On : 11 Oct 2021 | 1:00 AM IST

Retail and MSMEs likely to see rise in slippages, say bankers

The current level of NPAs masks the actual pain due to restructuring done under regulatory packages, both in 2020 and this year

Retail and MSMEs likely to see rise in slippages, say bankers
Updated On : 04 Oct 2021 | 12:41 AM IST

Expanding scope of ECLGS to help MSMEs, address funds shortage: Industry

The government's decision to expand the scope of the Rs 4.5 trillion ECLGS to support MSMEs would help deal with funds shortage and promote exports, industry bodies said on Wednesday

Expanding scope of ECLGS to help MSMEs, address funds shortage: Industry
Updated On : 29 Sep 2021 | 9:03 PM IST

Festive rate cut not a mispricing of risks: Union Bank of India MD & CEO

In a Q&A, Rajkiran Rai G says retail credit can't make up for tepid corporate demand

Festive rate cut not a mispricing of risks: Union Bank of India MD & CEO
Updated On : 28 Sep 2021 | 1:50 AM IST

Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team

Biz2Credit is the company behind Biz2X, a global SaaS platform that enables financial institutions to provide customised online lending experience for MSMEs

Biz2Credit to hire 150 new staff by 2021-end as it strengthens tech team
Updated On : 23 Sep 2021 | 8:29 PM IST

Walmart, Flipkart sign MoU with Tamil Nadu govt, to support MSMEs

Walmart and Flipkart on Wednesday announced the signing of memorandum of understanding with Department of MSME in Tamil Nadu to establish long-term cooperation for providing capacity building support

Walmart, Flipkart sign MoU with Tamil Nadu govt, to support MSMEs
Updated On : 22 Sep 2021 | 10:26 PM IST

Walmart and Flipkart sign an MoU to hand-hold MSMEs in Tamil Nadu

Through the Walmart Vriddhi programme, delivered by knowledge partner Swasti, entrepreneurs and small businesses receive training free of cost, through a blended learning approach

Walmart and Flipkart sign an MoU to hand-hold MSMEs in Tamil Nadu
Updated On : 22 Sep 2021 | 5:47 PM IST