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SBI, EIB to invest up to Euro 100 mln in Indian SMEs focused on climate change, sustainability

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.

Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback

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 now more valuable than Visa, JPMorgan Chase; Bitcoin-rival among top five financial services

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.

Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps

The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to 23 per cent in FY18 and 32 per cent in FY21.

ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more

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.

Need Of The Hour: Why does your business need a mobile app in 2021?

E-commerce mobile apps lend a helping hand and also enable startup and small-scale companies to change the way in which they connect with their customers

SMEs: Why do they numerically dominate an economy despite heavy odds for their operations

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.

Fino Payments Bank goes live with enhanced deposit limit of Rs 2 lakh for MSMEs, small traders, others

RBI had last month announced an increase in the maximum balance limit at the end of the day for payments banks to Rs 2 lakh from Rs 1 lakh earlier in order to boost financial inclusion.

MSMEs hail RBI’s Rs 50,000 crore liquidity support to strengthen Covid infrastructure, supplies in time

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.

RBI’s relief measures for MSMEs: 4 key takeaways from Shaktikanta Das speech; experts opine mixed bag

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.

PLI scheme guidelines for food processing don’t have measures to benefit MSMEs, says industry body AIFPA

Ease of Doing Business for MSMEs: The Ministry of Food Processing Industries on Monday had issued the PLI guidelines for the food processing sector along with a dedicated online knowledge portal.

Digital transactions for MSME Min, attached offices decline for third straight year; KVIC tops in volume

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.

MSME Tool Rooms: Revenue, number of trainees trained, units assisted fall to lowest for FY21 in six years

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.

Covid 2.0-induced migrant workers’ exodus unlikely to mirror last year’s move for MSMEs, others: Experts

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.

Express Stores: How this startup is disrupting the hyperlocal kirana space

Express Stores provides a 360-degree solution to retailers which helps them deliver greater value to consumers

Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features

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.

NI-MSME: 150% jump in trainees trained amid Covid at govt’s premier MSME development institute in FY21

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.

Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts

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.

Small, medium, other hotels again reach out to FM Sitharaman; say ECLGS doesn’t help them to survive

Ease of Doing Business for MSMEs: The government had announced the launch of ECLGS 3.0 in March to cover enterprises in hospitality, travel & tourism, leisure & sporting sectors.

Amazon India announces measures to help SMBs amid COVID-19

It is temporarily relaxing the claim windows for various types of reimbursements that the sellers file for 30 days, the e-commerce firm said.