Page 8 of MSMEs

Draft MSME policy: Govt further extends deadline for feedback from MSMEs, associations, others

Ease of Doing Business for MSMEs: The draft policy was released by the government in February inviting feedback on the measures…

March 23, 2022 15:14 IST

Over 95% of ECLGS beneficiaries are MSMEs: FinMin

Credit and Finance for MSMEs: The loan guarantee under ECLGS is provided by NCGTC to lenders with respect to the…

March 23, 2022 13:15 IST

Parliamentary panel to govt: Extend ECLGS loan repayment period for MSMEs up to 7-8 years

Credit and Finance for MSMEs: The committee also recommended increasing the limit for collateral-free loans including term loans or working…

March 22, 2022 14:24 IST

PhonePe acquires freelance platform for micro entrepreneurs to boost enterprise business

Ease of Doing Business for MSMEs: PhonePe works with companies such as Ola, Myntra, Domino’s Pizza, KFC, Indian Oil Corporation,…

March 21, 2022 20:07 IST

TReDS: Value of MSME invoices financed in FY22 doubles from previous year, triples from FY20

Credit and Finance for MSMEs: The government, through a notification back in 2018, had instructed public sector enterprises and all…

Updated: March 22, 2022 14:43 IST

PM SVANidhi: Beneficiary count under microcredit scheme crosses 30 lakh; over Rs 3k crore loans disbursed

Credit and Finance for MSMEs: On timely repayment of the first loan of up to Rs 10,000, the scheme has…

March 20, 2022 19:30 IST

How GAPS framework can help SMEs formalise their workforce

Skill, labour, talent for MSMEs: SMEs often struggle with labour and workforce management. The reasons largely lie in the lack…

March 20, 2022 14:10 IST

Traders, retailers clock Rs 20,000 crore in Holi sales this year: CAIT

Ease of Doing Business for MSMEs: The second wave of the pandemic and restrictions enforced by the central government and…

March 20, 2022 13:13 IST

ECLGS: Guarantees issued to MSMEs till February-end in FY22 declined sharply from FY21, shows govt data

Credit and Finance for MSMEs: ECLGS was devised for MSMEs, individual borrowers, and other business enterprises whose total fund-based credit…

Updated: March 20, 2022 20:05 IST

Govt data: Number of people employed by Udyam MSMEs doubled in FY21 from previous year despite Covid

Skill, labour and talent for MSMEs: “Covid-19 epidemic has temporarily affected various sectors including MSMEs in the country including their…

March 16, 2022 19:19 IST

UPI 123PAY: How the good old feature phone will spur digital payments among micro enterprises

Credit and Finance for MSMEs: According to the RBI, there are more than 40 crore feature phone users in the…

Updated: March 21, 2022 12:58 IST

Nearly 6,000 MSMEs got shut down during FY21 and FY22: Govt data

Ease of Doing Business for MSMEs: Among the total number of closures, 5,528 or 99.1 per cent were micro enterprises,…

March 15, 2022 15:05 IST

Govt extends Rs 20,000-cr Subordinate Debt scheme for MSMEs till March 2023

Credit and Finance for MSMEs: The scheme provides credit facility via banks to the promoters of stressed MSMEs including special…

March 14, 2022 18:27 IST

‘India’s micro-entrepreneurial spirit can flourish only through a vibrant microfinance ecosystem’

Credit and Finance for MSMEs: The fortunes of microcredit and micro-enterprises are closely interlinked. Restricted credit access and the high…

Updated: March 21, 2022 12:33 IST

SIDBI’s 59-min loan scheme: Banks cleared online MSME loans worth Rs 80,000 crore so far

Credit and Finance for MSMEs: Credit disbursed via the 59-minute loan portal so far was 4.3 per cent of the…

March 11, 2022 09:00 IST

Govt launches Innovative Scheme to provide incubation, improve design, commercialise patents for MSMEs

Ease of Doing Business for MSMEs: The government also announced equity support of up to Rs 1 crore for commercialisation…

Updated: March 10, 2022 14:26 IST

Highly verified MSME data on Udyam giving ‘exceptional indications’ of how policies should be governed: MSME Min

Ease of Doing Business for MSMEs: In order to make access to government data on registration of MSMEs, unorganised workers,…

Updated: March 9, 2022 18:19 IST

99% of MSME complaints received on Champions portal so far resolved: MSME Ministry

Ease of Doing Business for MSMEs: The portal routes complaints subject-wise to respective branch/bureau/office heads in the MSME Ministry to…

March 9, 2022 13:45 IST

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Muthoot Finance calls fraud allegations as baseless

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Muthoot Finance denies money laundering and fraud allegations against its MD, clarifying that he was called by the Enforcement Directorate for clarifications on the company’s involvement with NCDs from Srei group companies. The company firmly refutes the claims and emphasizes that there is no connection between Muthoot Finance and Srei Cos.

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