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Latest Articles in msme
Govt Need To Ease Licensing And Compliance Regulations To Reshape MSMEs: Sandip Chhettri
He also said that training in sector-relevant digital skills, potentially through less-expensive online training courses that are used as conditions to unlock further aid, and/or paired with specialist support but focused on sectors with the greatest need.
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Digital World Perfect Choice To Reshape MSME Sector, Amid COVID-19 Pandemic
The coronavirus impacted the cash cycles of MSMEs, who act as the backbone of India’s inclusive growth. However, the plight of the MSMEs sector is a matter of deep concern.
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Central Govt Changed The Definition Of MSME's To Benefits People: Nirmala Sitharaman
Set up by the Exim Bank along with the Small Industries Development Bank of India (Sidbi), the ‘Ubharte Sitaare Fund’ is a combination of advisory and financial services structured support via investments in equity or equity-like instruments, debt (funded and non-funded) and technical assistance (advisory services, grants and soft loans) to the Indian companies.
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Govt Sets Up Dairy Investment Accelerator To Help Investors
Eligible entities can avail the benefits of the scheme to set up new units or expand existing units in areas of dairy processing and related value addition infrastructure, meat processing and animal feed plant.
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Amazon Launches IP Accelerator Programme In India To Help Businesses Secure Trademark
The IP Accelerator Program helps them navigate this process by connecting businesses with trusted IP law firms that are subject matter experts in this field with experience in drafting trademark and other IP registration applications
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New Pandemic Package To Raise Fiscal Deficit By 60 Bps, Opens Rs 70,000-Cr New Loan Window: Report
Assuming equal distribution of the new announcement of Rs 1.10 lakh crore, with 50 per cent and 75 per cent guarantee cover and a risk weight of 100 per cent, banks may have a capital relief of around Rs 7,500 crore that can further generate credit of around Rs 70,000 crore
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MSME Need To Integrate With Global Value Chains: Union Minister
MSMEs face many challenges, therefore efforts must be made to strengthen the sector locally to enable their penetration and reach globally, he said at the Assoham webinar.
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RBI Decisions: Experts Hail Support to MSME, Other Measures
Economists, bankers and realty experts have welcomed the steps taken by the Reserve Bank of India (RBI) in its bi-monthly monetary policy review.
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RBI Imposes Penalty On City Union Bank, 3 Other Lenders
The Reserve Bank of India also imposed a penalty of Rs 90 lakh on Nutan Nagarik Sahakari Bank, Ahmedabad for non-compliance with directions Interest Rate on Deposits, Know Your Customer (KYC) and Circular on Frauds Monitoring and Reporting Mechanism.
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BSE, Dun & Bradstreet India Sign Pact To Foster MSME Growth
BSE launched its SME platform and so far 337 companies listed on the platform have raised Rs 3,498 crore from the market. These firms have a collective market capitalisation of over Rs 25,000 crore.
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IDBI Bank Launches Digital Loan Processing System For MSME, Agri Borrowers
LPS would carry a total of more than 50 product lines and would offer a seamless credit lifecycle with over 35 interface touch points to many satellite systems
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Kotak Mahindra Bank Q4 Profit Rises 36 % To Rs 2,589 Cr
The Supreme Court vacated the stay on NPA recognition and granted relief for interest on interest. The bank has created a liability of Rs 110 crore towards estimated interest relief and has reduced the same from interest earned.
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HDFC Bank Announces Reorganisation; Outlines Three Focus Areas
The lender has made a slew of changes in the senior leadership roles as well, with current group head for corporate banking Rahul Shukla being entrusted with the commercial banking (MSME) and rural vertical.
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NBFCs Seek Extension Of MSME Restructuring Scheme Till March 2022
The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.
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Prest Loans Engages Mr. Rajeev Kishore Dubey (Ex CMD-Canara Bank) As Strategic Advisor On Its Advisory Board
Prest Loans is a tech enabled digital NBFC focusing on small businesses and MSME lending. The company has witnessed robust growth in last 4 years building a mixed portfolio of secured and unsecured MSME loans.
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