The European Investment Bank and the country's largest lender SBI on Friday entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability.
The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance of an enterprise for the last two years while seeking fresh facility or additional loans.
Ethereum has exploded in the past 12 months. The price has increased over 16 times from $206 as of May 7, 2020, to $3,465 as of May 6, 2021, while the market cap has jumped over 17x from nearly $23 billion.
Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel & tourism, and leisure & sporting sectors with total credit outstanding, as of February 29, 2021, not exceeding Rs 500 crore and overdues, if any, were for 60 days or less on the said date.
SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late, due to technological influences as well.
Credit and Finance for MSMEs: RBI said that loans under the new liquidity facility will be classified under the priority sector till repayment or maturity, whichever is earlier. Banks may deliver these loans to borrowers directly or through intermediary financial entities regulated by the RBI.
Ease of Doing Business for MSMEs: RBI said it would conduct special three-year long-term repo operations (SLTRO) of Rs 10,000 crore at repo rate for SFBs to provide further support to Covid-hit small business units, micro and small industries, and other unorganised sector entities.
Credit and Finance for MSMEs: While KVIC continued to dominate the digital transaction base in terms of volume for the three financial years, the size of the transactions was highest for NSIC during the period.
Skill, Labour, Talent for MSMEs: The tool rooms provide precision tooling along with new technologies including CAD/CAM, CNC machining for tooling, vacuum heat treatment, rapid prototyping, etc. apart from providing skilled manpower.
Skill, Labour, Talent for MSMEs: Last month, multiple state governments had informed the Centre that they are not expecting migrant workers’ exodus this time because of the partial and localised lockdowns and other restrictions.
Ease of Doing Business for MSMEs: The minimum default threshold of Rs 10 lakh, which has been prescribed for initiating the process, would provide much respite to MSMEs by enabling them to have access to an effective resolution process under the pre-pack process.
Skill, Labour, Talent for MSMEs: 154 training programmes involving 3,999 trainees were conducted in FY20 by NI-MSME. Programmes for MSMEs are scattered across marketing, cluster development, and quality management.
Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the extension for filing the monthly GSTR-3B return by 15 days for taxpayers with a turnover of more than Rs 5 crore along with a lower 9 per cent tax rate for the 15 days.