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.
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
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.
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.
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.
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
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.
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.
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.
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
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
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.