Page 24 - Harsh Kumar

MSMEs urge RBI to allow P2P lending, crowdfunding to overcome credit gaps

Cite examples of other countries' regulatory frameworks for crowdfunding

Crypto industry body requests reduction in TDS to 0.01% in Budget

The crypto body has further asked for an increase in the threshold limit for TDS deduction under Section 194S of the Income Tax Act from Rs 10,000 to Rs 5,00,000

Union Budget 2024-25: MSMEs bat for Rs 5,000 crore export booster

India SME Forum suggested setting up an export promotion and development organisation to support MSMEs in market intelligence, trade opportunities, B2B outreach and connections

Budget Watch: Sitharaman likely to address banking, insurance reforms

Government's equity dilution in state-owned lenders will be one issue financial market observers will monitor

Sidbi to tap humble postmen to support micro-entrepreneurs across country

Due to our lending obligations, we cannot directly lend, we are utilising Sidbi to provide the loans. Approval from the Reserve Bank of India is still pending, Senior official from IPPB said

Increase participation in financial inclusion schemes: FinMin to pvt banks

On June 25, the DFS asked public sector banks (PSBs) to revive inoperative accounts under the Pradhan Mantri Jan Dhan Yojana

In the making: Govt plans to launch new portal for all MSMEs queries

MSMEs can access details of all schemes related to the sector on Udyami Bharat

Final call soon for states and UTs to avail of MSME scheme benefits

The scheme aims to foster a favourable environment for MSMEs to flourish, thus playing a crucial role in strengthening India's economy and generating employment opportunities

FSIB invites applications for deputy managing director in IIFCL

According to an official notification, the last date for submitting the completed online application is July 31

Budget 2024 wish list: RBI to hear demands of MSMEs on Monday

Central bank wants to understand initiatives that may be viable for the sector

45-day SME payment rule aims to ease working capital issues, faces hiccups

For SMEs, which play a significant role in job creation and exports, this is a welcome move. However, the going has not been smooth

Budget FY25: MSMEs may get 180 days to repay loans before NPA tag

Current bad loan classification period is 90 days

FSIB recommends Challa Sreenivasulu Setty as next chairman of SBI

Dinesh Khara, the current chairman of SBI, is set to retire on August 28

New portal to expedite agri infra fund interest subsidy claims of farmers

The portal will be used by banks, the Central Project Management Unit of DA&FW, and Nabard

Govt extends interest equalization scheme by two months for MSME exporters

Ashwani Kumar, president of the Federation of Indian Export Organisations (FIEO), expressed disappointment for exporters who are exporting products under 410 tariff lines

Employee associations demand merger of RRBs with respective sponsor banks

There are now 43 RRBs sponsored by 12 scheduled commercial banks with around 22,000 branches, operating approximately 30 crore deposit accounts and 3 crore loan accounts across 702 districts

MSME ministry targets onboarding 500,000 micro, small enterprises on ONDC

Addressing an event on International MSME Day, Manjhi said MSMEs will be a key force in the movement towards Atmanirbhar and Viksit Bharat

State-owned IIFCL plans to enter affordable housing segment soon

A wholly owned Union government company established in 2006, IIFCL provides long-term financial assistance to viable infrastructure projects

'Govt-run Khadi commission sold yoga mats, dresses worth Rs 8 crore'

Kumar further highlighted that yoga dresses and mats made of Khadi offer significant health and environmental benefits since they are chemical-free and require minimal water during production

Finance ministry asks PSBs to revive inoperative Jan Dhan accounts

The Finance Ministry convened a meeting of PSB heads to assess the progress of various financial inclusion schemes, including PM Vishwakarma, Jan Suraksha, and Mudra Yojana