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Latest Articles in msme sector

HDFC Bank Signs Pact With NSIC To Provide Credit Support To MSMEs

"HDFC Bank has signed a memorandum of understanding with National Small Industries Corporation to offer credit support to MSMEs across the country,"

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HDFC Bank To Hire 500 More To Expand MSME Coverage

The bank's MSME vertical covers 545 districts now with dedicated relationship managers and supervisors, which will be expanded to 575 districts or more by the end of this fiscal.

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Indian Bank Signs MOU With Society For Innovation And Entrepreneurship, An Initiative Of IIT Bombay, For Funding Start-Ups And MSMEs

Indian Bank has also recently launched “MSME Prerana” programme to empower MSME entrepreneurs through skill development and capacity building workshops in local languages.

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SIDBI Net Profit Rises 3.6 % To Rs 2,398.28 Cr In FY21

Gross NPAs decreased from Rs 1,040.84 crore as of March 31, 2020 to Rs 282.31 crore as of March 31, 2021, while Net NPA decreased from Rs 658.64 crore to Rs 185.25 crore during the same period.

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Covid Second Wave Impacted 58% Of Indian Business Activities: Ficci

The MSME sector has faced the maximum brunt and there is an immediate need for relief to this sector. This view was expressed by nearly 65% of the surveyed companies.

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Bank Of Baroda To Sell 46 NPA Accounts To Recover Rs 597 Cr

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a government owned trust which offers credit guarantee to financial institutions which give loans to the MSME sector.

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Even During Second Wave, Gujarat Received Highest Ever GST And Proposals For Large FDI, Says Manoj Das, ACS Gujarat

Additional Chief Secretary of Gujarat, Manoj Kumar Das speaks with BW Businessworld on the steps taken to address the current Covid19 crisis. In charge of industrial growth of the Gujarat, he talks about the measures that government has already taken-- the Rs 5000 cr land allocation to MSEMs. While the economy seems to be retracting due to the national crisis, Das says Gujarat is still on growth trajectory and robust FDI continues last month as per the latest data.

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How E-Com Platforms/ Apps Help Create A Big Impact On Small Businesses Revenue

The government acknowledged that the e-commerce platforms had helped the small retailers not only to grapple with the challenging time but also kept the economic engine running by reaching out to the consumers in the last mile supply chain.

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MSMEs Participating In The Post COVID Recovery

MSMEs faced the challenge of keeping their financial wheels turning during the lockdown period due to less or almost no business activities, weak demand and low consumer confidence.

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Our New Policy Aims To Make Gujarat India's Defence Factory: CM Vijay Rupani

With 18% of India’s industrial output and 53% of the total FDI in 2020, Gujarat certainly stands tall among other federal States of India and its major economic indicators on right track. Debate is often on historic linkages but it is more about right policy, leadership, thrust on industry and governance. CM Dashboard is set up to monitor each projects underway across the States which is the first of its kind to check accountability--real time and digital. Gujarat's Chief Minister Vijay Rupani speaks with BW Businessworld's Manish Kumar Jha on such initiatives that make global investors flock to Gujarat. Beside industry and investment, he tells me more on Education, NEP and his plan for Green energy.

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HDFC Bank's MSME Book Grows 30% To Cross Rs 2 Tn-Mark

The government launched the third version of the Rs 3-lakh crore emergency credit line guarantee scheme (ECLGS) last November for MSMEs

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Gadkari For Digitalising SFURTI Scheme

The ministry is implementing the scheme to organise traditional industries and artisans into clusters to make them competitive and increase their income.

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Infra Projs To Boost Tourism, Create Opportunities For MSMEs: Gadkari

'Industry players such as FICCI, OYO Hotels and Homes and IATO should take advantage of the government schemes to come together and support MSMEs,'

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Kinara Capital secures USD 10 million from IndusInd Bank with 100 percent guaranty from U.S. International Development Finance Corporation (DFC)

Kinara Capital secures USD 10 million from IndusInd Bank with 100 percent guaranty from U.S. International Development Finance Corporation (DFC)

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MSMEs Symbolize Gujarat’s Inherent Entrepreneurial Nature

Gujarat is not only about the destination for the large capital investment from the global investors. Gujarat is as attractive for MSMEs. In the recent data, State has received the bulk of investment in the this sector. Author talks about the policies for the industries, localize supply chains and local ecosystem that set ground for such investment.

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