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Latest Articles in msmes

Indian Textiles And Apparels Industry Availed Credit Of Rs.1.62 Lakh Crore As Of December 2020: SIDBI-CRIF

The industry observed a quarterly decline in Non-Performing Assets or NPAs (proportion of credit value delinquent by 90+ days) over the last 2 years, from 29.59% in September 2018 to 15.98% in September 2020.

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MSME - As An Economic Engine

Much often, China is a compulsory paragraph in Indian conversations around economic growth and future economy. Is “Overtaking China” – a comparison, a mission, a fixation or a competitive-benchmark ?

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Look Forward To Repo Rate Cut By RBI In Future: India Inc

RBI decided to leave the benchmark interest rate unchanged at 4 per cent, but maintained an accommodative stance as the economy faces the brunt of the second COVID wave.

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Banks Begin Process Of Restructuring Of Loans Up To Rs 25 Crore

Many lending institutions have got board approval for the resolution framework and eligible borrowers are being contacted.

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COVID-19 Impact: Many Startups, MSMEs Stare At Closure, Says Survey

As per the report by Local Circles as many as 59 per cent of startups and MSMEs surveyed likely to scale down, shut down or sell themselves this year as they are facing a liquidity crunch.

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Govt Should Allow MSMEs To Do Home Delivery To Help Sustain Livelihood: FISME

This measure will help in ensuring jobs and continuity of economic activities. There shall be no restriction of intra state or inter-state movement of goods. No separate permission/e-passes is required for such movements

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Crisil Says Half Of Its Rated Mid-Sized Cos Eligible For Loan Recast Under New Guidelines

Over 3,400 of the mid-sized companies were classified as standard accounts, making them eligible to avail restructuring.

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PHD Chamber Recommends A Substantial Stimulus Package To Hon’ble Finance Minister To Support Economy, Trade And Industry

The PHD Chamber in its recommendations has suggested financial and structural support to Micro, Small & medium Enterprises (MSMEs) in the second wave of the pandemic in terms of extending the moratorium period and offering concessional rates of interest on borrowings.

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RBI's Decision Well-Timed: Industry

The RBI has 'most correctly' recognised how small businesses and financial entities at the grassroots are bearing the most considerable burden of the pandemic and has thus unveiled measures to help them

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SIDBI Launches Loan Products For MSMEs To Bolster Supply For COVID-19 Fight

The schemes are devised under the guidance from Government of India which facilitates funding for production and services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs

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How e-Commerce Is Aiding To Expansion of MSMEs

E-commerce plays a vital role in the economy of many countries, majorly for MSMEs in increasing the number in trade and business.

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Digitalisation To Play Key Role In Growth Of MSMEs: Gadkari

'Digitalisation in MSMEs is the most important subject...digitalisation is a solution by which we can make our system transparent and time bound,' he said at an event held by Microsoft.

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Good Opportunity For Tesla To Start Manufacturing In India: Gadkari

Talking about economic stress on account of COVID, Gadkari said the government will win the economic war with multiple steps it has initiated like promotion of ethanol, methanol and bio CNG, among others.

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PNB Enhances Presence In North-East Region

PNB has been assisting stressed MSMEs in line with its traditional role of supporting the Indian entrepreneurial spirit while maintaining a thrust on being the leader in supporting rural areas and the agriculture sector

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Gig Economy Can Support 90 Mn Jobs, Add 1.25 % To GDP: Report

The gig economy could create about one million net new jobs over the next two-three years by aligning near-term incentives of employers and workers

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