Page 27 - Harsh Kumar

Around 8 million jobs created under the PMEGP, says MSME ministry

Scheme has helped over 9.65 lakh micro enterprises since its inception in FY09

Better utilisation of land will bring fixed cost of production: Survey

MSMEs are the backbone of the Indian economy, contributing approximately 30 per cent of the country's gross domestic product (GDP)

Banking's dominance in credit diminishing in country: Economic Survey FY24

Capital markets' rise in role a 'welcome development' but comes with its challenges, says survey

From T V Somanathan to Vivek Joshi, meet FM Sitharaman's Budget team

The July 23 Budget, coming after the general elections, would be watched for coalition compulsions, electoral lessons

PNB, UCO Bank submit Rs 1,527 crore dividend cheques to Finance Ministry

Earlier, four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24

IOB, UCO Bank likely to raise funds through QIP route next month

Another public sector bank, Punjab & Sind Bank, is planning to raise Rs 2,000 crore this year. The government holds 98.25 per cent in the state-owned bank

Companies now have to report dealings with MSEs on half-yearly basis

This will ensure greater transparency and discourage delayed payments to small enterprises

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

Cite examples of other countries' regulatory frameworks for crowdfunding

Proposed to raise affordable housing limit in metros in Budget: Rishi Anand

Rishi Anand tells that the housing finance company aims to disburse Rs 8,500 crore in the financial year 2024-25

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