MSME

MSMEs to get loan worth $750 million from World Bank; deal signed to meet immediate cash requirements

Credit and Finance for MSMEs: The World Bank will provide loans worth $750 million to nearly 1.5 lakh micro, small, and medium enterprises in India.

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Rationalisation, decriminalisation, digitsation: The three-pronged view to reduce MSME compliance burden

Ease of Doing Business for MSMEs: The burden of compliance for MSMEs is disproportionately high while their resources are limited. They need to deal with 27 licenses, registrations, permissions and consent orders.

Strong execution of stimulus package must for reviving MSMEs, says GAME task force; suggests measures

Ease of Doing Business for MSMEs: The task force, which has members including Persistent Systems Chairman Anand Deshpande, ITC chairman Sanjiv Puri, Apollo Hospitals joint MD Sangita Reddy, Teamlease chairman Manish Sabharwal

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Surviving Covid: How securing cash flows before pandemic is helping small businesses fight better

Credit and Finance for MSMEs: Last three months have proved to be a testimony to the fact that small businesses must focus on securing cashflows, more than ever, if they were to emerge stronger.

A lot done but more needs to be undertaken for MSMEs to boost their liquidity, skill development

Ease of Doing Business for MSMEs: The central government had kept a target of achieving a $5 trillion economy by 2024 out of which $2 trillion was to come from the MSME sector.

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Google’s investment fund CapitalG backs small business lender Aye Finance; leads new funding round

Credit and Finance for MSMEs: The investment was led by Google’s private equity fund CapitalG while existing investors LGT Lightstone, Falcon Edge Capital, A91 Partners and MAJ Invest also participated.

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Govt’s MSME credit scheme continues to roll with 800% jump in amount disbursed to small businesses

Credit and Finance for MSMEs: The amount sanctioned under the Rs 3 lakh crore collateral-free scheme crossed Rs 79,000-crore mark, as of June 20, 2020, while the amount disbursed stood at Rs 35,000 crore.

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Spotting Chinese products on Amazon of govt buying; GeM to track country of origin amid boycott calls

Technology for MSMEs: Sellers have been warned that for products already listed on GeM, the Country of Origin should be updated, failing which those products shall be pulled down from the marketplace.

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‘Uncertainty looming over Covid crisis bottoming out for MSMEs to assess need for more govt stimulus’

Ease of Doing Business for MSMEs: Banks will provide subordinate debt to MSME promoters to enable capital infusion. This will strengthen the net-worth of MSMEs and prevent them from becoming sick and unviable. 

The Cabinet on Monday decided to further widen the definition of micro, small and medium enterprises (MSMEs) to enable thousands of more units to take advantage of various official benefits

MSMEs helped India to have surplus PPE kits, sanitizers, says Nitin Gadkari; making this much daily

Trade, import and export for MSMEs: The price of sanitizer has been brought down from Rs 1,200 per litre during the early days of the Covid pandemic to Rs 160 per litre. according to MSME Minister Nitin Gadkari. The size of I

One of the few players in the market offering a breathable yet hydrophobic PPE kit, CREA offers medical practitioners and frontline workers relief from dehydration that occurs on using laminated PPE kits.

Bank credit to small businesses up year-on-year; this much amount deployed in April

Credit and Finance for MSMEs: Since April FY20, the growth in MSE credit by banks had remained contracted till December even as July and August witnessed the highest contraction at minus 1.8 per cent.

Banks step up to govt’s credit guarantee scheme; disburse this much across 21 MSME hubs in these states

Credit and Finance for MSMEs: The overall amount sanctioned till Monday stood at Rs 1,109 crore for 26,916 accounts across MSME hubs.

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MSME NPAs to be a double whammy for small business sentiments; these added measures may get mojo back

Ease of Doing Business for MSMEs: The viability of the accounts should be worked out and their loan commitments should be rescheduled wherever required. Liquidity mismatch issues should also be addressed.

MSMEs flock to govt’s new portal Champions for grievances; this many complaints resolved

Technology for MSMEs: The portal was formally launched by PM Modi on June 1 to resolve MSME issues around finance, raw materials, labour, regulatory permissions etc.

Handholding banks must to execute MSME loan scheme; here’s what govt can do to address on-ground issues

Credit and Finance for MSMEs: While various stakeholders have appreciated the bold move to set up a fund of funds, it will stress test the government’s preparedness and resolve to handle such a significant task.

The MSME segment contributes around 30% of India's GDP presently

SBI taps into Rs 3 lakh crore MSME credit package; gives thousands of loans worth this much amount

Credit and Finance for MSMEs: The credit guarantee by the government on loans to MSMEs makes way for a capital infusion of Rs 30,000 crore into the banking system, according to SBI Chairman Rajnish Kumar.

SBI doubles down on lending to small businesses in hinterland; launches vertical to offer micro credit

Credit and Finance for MSMEs: Around 8,000 SBI branches in the targeted areas have been selected to offer micro-ticket loans to small businesses and farmers.

Identity change: Covid-hit startups look to become MSMEs to benefit from govt’s mega relief package

Ease of Doing Business: Multiple startups are now preparing to switch as MSMEs to benefit from the economic package announced by the Finance Minister Nirmala Sitharaman last month.

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PM Modi’s Rs 3 lakh crore MSME loan scheme sanctioned this much amount in just one day

Credit and Finance for MSMEs: Rs 3 lakh crore collateral-free loan scheme for Covid-hit MSMEs was approved by the cabinet, chaired by PM Modi, last month.

MSMEs call govt’s decision for funding NPA accounts historic; hail approval to revised definition

Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari in a press briefing announced the Cabinet approval to the revision in the changed definition of medium enterprises along with a distressed assets fund for MSME acc

The Cabinet on Monday decided to further widen the definition of micro, small and medium enterprises (MSMEs) to enable thousands of more units to take advantage of various official benefits

Cabinet gives nod to fund for reviving NPA accounts in MSMEs; to provide this much credit guarantee

Credit and Finance for MSMEs: The government will provide Rs 4,000 crore support to the CGTMSE, which will give partial credit guarantee support to banks, to lend to MSMEs.

Cabinet approves revision in MSME definition, Rs 50,000 crore equity infusion scheme

Credit and Finance for MSMEs: Cabinet has also approved the Rs 50,000 crore equity scheme for MSMEs, which was announced by the Finance Minister Nirmala Sitharaman, with a corpus of Rs 10,000.

‘Unless India substantively changes way business is done, MSMEs can’t capitalise on China opportunity’

Ease of Doing Business for MSMEs: It is almost unimaginable to an average businessman in our country that in many other countries such as the US, you can start a business, run it efficiently, get into manufacturing, export yo

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PM Modi appoints committee headed by Rajnath Singh for MSME loan scheme implementation: Nitin Gadkari

Credit and Finance for MSMEs: MSME Minister Nitin Gadkari has asked small businesses to email him directly in case of problems faced by them in securing credit under the scheme.

‘Atma Nirbhar’ MSMEs: How govt measures will enable them for long-term sustainability, profitability

Ease of doing business for MSMEs: In current times, where the mere survival of the MSME sector is at stake, Atma Nirbhar Bharat Abhiyan intends to address the needs of the MSME sector.

Banks reluctant to lend despite govt guarantee under collateral-free loan scheme, MSMEs tell Nitin Gadkari

Credit and Finance for MSMEs: Finance Minister Nirmala Sitharaman had earlier this month announced Rs 3 lakh crore scheme for collateral-free loans for MSMEs to provide emergency credit from banks and NBFCs.

Small businesses welcome govt’s 2% interest subvention for Mudra loans but say repayment still tough

Credit and Finance for MSMEs: Pradhan Mantri Mudra Yojana (PMMY) was launched in April 2015 to give loans up to Rs 10 lakh under three covers -- Shishu, Kishor, and Tarun to non-corporate, non-farm small or micro-enterprises.

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