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.
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.
Credit and Finance for MSMEs: Out of the 15 relief measures announced by the Finance Minister Nirmal Sitharaman under the mega Rs 20 lakh crore stimulus package, six aimed at bringing lockdown-hit India’s vast MSME sector b
Ease of Doing Business for MSMEs: With the revised definition, combining manufacturing and service MSMEs to enjoy the same benefits, investment less than Rs 1 crore and turnover under Rs 5 crore will be defined as micro-units
Ease of Doing Business for MSMEs: MSME ministry has also integrated its recently launched portal -- ideas.msme.gov.in -- for MSMEs to share their ideas, innovation, and research in respective sectors for public reviews for ve
Credit and Finance for MSMEs: The most important support that can be offered to MSMEs is the security of their jobs and payment. Addressing this issue of payment will bring about some relief to the sector on its own.
Ease of Doing Business for MSMEs: SIDBI is set to launch an all-encompassing digital platform for MSMEs and other stakeholders of the small business ecosystem to help them grow in the post Covid world.
Credit and Finance for MSMEs: MSME Minister has often urged MSMEs to explore public markets instead of banks for their capital requirements wherein the government will buy 15 per cent of the amount raised as equity stake from
Credit and Finance for MSMEs: The RBI had last month said that it will conduct long-term repo operations (TLTRO) of Rs 50,000 crore with at least 50 per cent of the amount availed going to small and mid-sized NBFCs and MFI.
Credit and Finance for MSMEs: The government may soon provide much-needed relief to the MSME sector through a financial package -- among the key demands from MSMEs to tide over current liquidity and cash flow challenges due
Credit and Finance for MSMEs: P Chidambaram’s suggestions to PM Modi come days after the Congress president Sonia Gandhi wrote to PM Modi seeking a financial package for MSMEs while Congress leader Rahul Gandhi had also inv
Skilling, Labour, Talent for MSMEs: The minister interacting with Indian students invited them to take advantage of new opportunities in multiple fields of research, innovation, management, medicine, higher education etc.
Credit and Finance for MSMEs: The loans to be disbursed would be out of the Rs 15,000 ‘special liquidity facility’ that SIDBI received from the Reserve Bank of India recently to help MSMEs meet their credit needs.
Credit and Finance for MSMEs: Congress party in a short video tweeted by Rahul Gadhi said business owners need to protect their employees and their families but this is not possible without government help.
Ease of Doing Business for MSMEs: In order to ease the liquidity crisis for MSMEs reeling under the current lockdown and Coronavirus crisis, the minister said that he is looking into increasing the amount for credit guarantee