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Banks sanction loans worth Rs 1.77 trn to 4.4 mn MSMEs under ECLGS scheme

September 24, 2020 Last Updated at 18:52 IST

The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector ...

FM tells banks to frame loan recast scheme for all viable units by Sept 15

September 3, 2020 Last Updated at 16:14 IST

Lenders told to put in place FAQs on recast on their websites in multiple languages

Retail credit up by Rs 40,853 cr in July over June, MSME loans up slightly

August 31, 2020 Last Updated at 21:12 IST

RBI said on YoY basis, non-food bank credit grew 6.7 per cent in July 2020, the same as June 2020, but lower than the growth of 11.4 per cent in ...

Eligibility to prepare e-invoice under GST based on PAN, says expert

September 21, 2020 Last Updated at 19:34 IST

One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests

Bihar DyCM asks banks to provide loans to farmers, entrepreneurs

September 9, 2020 Last Updated at 23:12 IST

Modi on Wednesday exhorted banks to extend their cooperation in providing benefits to the people especially farmers, entrepreneurs, small ...

Adityanath govt targets MSME exports worth Rs 3 trn in next three years

September 27, 2020 Last Updated at 16:23 IST

UP to woo companies exiting China after the Covid-19 outbreak

Will take necessary measures to promote growth: RBI Guv Shaktikanta Das

September 16, 2020 Last Updated at 12:32 IST

RBI Governor Shaktikanta Das assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and ...

Did You Know?

  • The MSME sector contributes 29% to the country’s GDP

  • MSMEs are major job providers in India and catalysts for growth

  • MSMEs account for 48 per cent of the country's exports, and generate 110 million jobs

  • Business can be filed/registered online free of cost on the Udyog Aadhaar portal

  • 1,39,10,422 MSME Enterprises are registered in India

  • The MSME Sector has around 8 million women-led enterprises.

  • The percentage of rural enterprises is more than urban enterprises in the MSME Sector

  • The MSME sector is the backbone of the Indian Economy

  • To facilitate the enterprises to take benefit of various schemes by the Office of Development Commissioner (MSME), there is a mobile app launched MyMSME.

  • To address delayed payments to this sector the Ministry of MSME launched a portal named as MSME SAMADHAAN.

  • To monitor Public Procurement Policy users can refer MSME SAMBANDH Portal, which share factsheets about public procurement by Central Public Sector Enterprises (CPSEs), and to facilitating officer login to publish such factsheets

 

What’s new

  • Credit flow to Micro, Small and Medium Enterprises Sector : RBI Notification

  • New Definition of Micro, Small and Medium Enterprises : RBI Notification/clarifications

  • Updated Guidelines for Credit Guarantee Scheme for Subordinate Debt, CGSSD for Stressed/NPA MSMEs

  • All MSMEs are invited to on board TReDS with Zero Fee

  • Emergency Credit Line Guarantee Scheme, ECLGS -Modification in Operational Guidelines

  • Restructuring of Advances is been done for MSME sector

  • Prompt payment to suppliers including MSMEs: Charging of interest on delayed payments in Government e-Marketplace, GeM

  • Clarification on existing Entrepreneurs Memorandum EM Part-II/Udyog Aadhaar Memorandum UAM/New Udyam Registration-regarding

  • PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs