Ease of Doing Business for MSMEs: The annual procurement targets of 4 per cent from SC/ST units and 3 per cent from women entrepreneurs have never been met by the government buyers so far. In fact, the annual procurement from
Credit and Finance for MSMEs: In order to alleviate Covid stress among MSMEs, the Reserve Bank of India (RBI) in June this year had expanded the scope of restructuring facility for existing MSME loans from Rs 25 crore earlier
Ease of Doing Business for MSMEs: The general merchandise saw a 124 per cent growth in purchases, followed by a 50 per cent jump in grocery purchases and a 24 per cent increase in the fashion category on Flipkart Wholesale du
Credit and Finance for MSMEs: KredX, Vayana Network, M1xchange, and RXIL were recently issued licenses by Gujarat's Gift city-based IFSCA to offer international trade financing to exporters and importers.
Ease of Doing Business for MSMEs: Indian SMEs account for 80 per cent of the country’s enterprises, creating over 8,000 different value-added products, and productivity in the sector attracts a lot of FDIs.
Credit and Finance for MSMEs: Loans disbursed grew 11 per cent from 1,96,473 loan applications involving Rs 54,545 crores as of August 31, 2020, to 2,18,977 applications involving Rs 64,067 crores as of September 30, 2021.
Ease of Doing Business for MSMEs: In order to enhance domestic manufacturing, investments and export in the telecom and networking equipment, the Department of Telecommunications (DoT) in February this year had notified Rs 12
Credit and Finance for MSMEs: CGTMSE was jointly set up by MSME Ministry and SIDBI in 2000 to catalyse the flow of institutional credit to MSEs. 8.36 lakh guarantees were approved for an amount of Rs 36,954 crore in FY21 unde
MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August improved to 10.19 per cent from 10.07 per cent in July and 9.55 per cent in June after witnessin
Ease of Doing Business for MSMEs: Currently, India's bilateral air bubble arrangement with 28 countries, aimed at restarting commercial flight services, is underway. Under the agreement, the two countries perceive each other
Ease of Doing Business for MSME: The government had last June launched the PM SVANidhi scheme to offer working capital loan of up to Rs 10,000 for 12 months under the Atmanirbhar Bharat initiative to Covid-hit street vendors
Ease of Doing Business for MSMEs: "There are banks that are consumer-focused, or large enterprise-focused but no bank largely focuses on SMEs at this point in time," said Manish Patel, Founder, Mswipe.
Credit and Finance for MSMEs: From 12.11 per cent in December 2020, MSEs’ share in gross bank credit had contracted to 12.09 per cent in January 2021, 11.8 per cent in February, 11.3 per cent in March, 9.7 per cent in April
Credit and Finance for MSMEs: The government has targetted Rs 3 lakh crore loan sanction under the Mudra scheme for FY22, down from Rs 3.21 lakh crore sanctioned in FY21, and Rs 3.37 lakh crore sanctioned in FY20.
The partnership would help MSMEs capture global market opportunities by providing access to cost-efficient, seamless and reliable logistics solutions, said Percy Avari, General Manager of Aramex India.