MSME Sector Economic Recovery News
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February 25, 2021, Thursday
MSME emerged as growth engine of economy, showing revival: RBI Governor
The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress and focus ...
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October 14, 2020, Wednesday
Next set of asset quality woes for lenders to come from MSME segment
Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools
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August 03, 2020, Monday
Local demand to prop up crop protection SMEs: CRISIL SME Tracker
Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing ...
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July 28, 2020, Tuesday
25-30 million lost jobs in MSMEs during March-June, says survey
Another 10-15 million jobs may be lost by the end of August
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July 21, 2020, Tuesday
Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme
However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and ...
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July 20, 2020, Monday
CBDT to share depreciation, turnover info of small firms with MSME ministry
The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and ...
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July 20, 2020, Monday
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker
Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in ...
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July 18, 2020, Saturday
Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme
This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.
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July 17, 2020, Friday
PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme
The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance ...
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July 13, 2020, Monday
If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen
Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the ...
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July 10, 2020, Friday
Why Modi govt's plan to help small businesses has done little to save them
Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that ...
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July 07, 2020, Tuesday
Banks sanction Rs 1.14 trn loans to MSMEs under credit guarantee scheme
Under the ECLGS, the loan amounts sanctioned by PSBs increased to Rs 65,863.63 crore, of which Rs 35,575.48 crore has been ...
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July 06, 2020, Monday
Install washeries at all coal mines to provide affordable fuel, says JSPL
Washing coal increases the efficiency and quality of the dry fuel.
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July 06, 2020, Monday
Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker
Short-term disruptions include high input costs and various operational challenges.
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July 03, 2020, Friday
Banks disburse over Rs 52,255 crore to MSMEs under credit scheme
However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises ...
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July 01, 2020, Wednesday
Govt committed to reforms, make tax structure simple: FM on GST day
The finance minister asked taxmen to make life easier for MSMEs, particularly on GST front
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July 01, 2020, Wednesday
World Bank grants India $750 mn emergency funding to help small businesses
Some 1.5 million businesses in MSME sector will get liquidity and jobs will be saved as a result, says World Bank.
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June 27, 2020, Saturday
SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme
SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019
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June 25, 2020, Thursday
BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister
The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 ...
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June 24, 2020, Wednesday
Gadkari launches credit guarantee scheme worth Rs 20,000 cr for MSMEs
The scheme seeks to extend support to the promoters of the operational MSMEs that are stressed and have become NPAs as on April ...
