Growth remained largely stable on a sequential basis, however. Portfolio growth continued to outpace borrower expansion, signalling a shift toward larger ticket-size loans and maturing profiles
A joint WCO-ICC-WTO report says awareness gaps, procedural complexity and uneven benefits still limit MSME participation despite recent improvements
In this regard, the credit-guarantee scheme for exporters provides additional financial support to eligible ones, including micro, small, and medium enterprises (MSMEs)
While sales sentiment softened modestly in the July-September quarter, 50 per cent of trading and 47 per cent of manufacturing MSMEs reported positive growth
The Centre is finalising a reform package to reduce costs, improve logistics efficiency, and strengthen innovation in the MSME sector, which contributes 30 per cent to India's GDP
DFS secy to meet PSBs to assess credit flow
The increase in lending to the MSME sector reflects robust credit demand from small businesses as well as improving credit access supported by the increasing digital lending initiatives
As MSME tariff woes increase, lenders have to work closely with smaller industries, even as demand for a lifeline grows, reports Raghu Mohan
The downward sentiment comes despite the Composite MSME Business Confidence Index (M-BCI) indicating a favourable business environment for MSMEs
TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crore
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Centre in the year 2000 to provide collateral-free credit to the sector
Prime Minister Narendra Modi highlights India's resilience, calls MSMEs the backbone of growth; announces expanded credit, new export missions, and policy reforms to boost manufacturing
State focus paper released in State Credit Seminar, maximum credit potential in agriculture and MSME sectors
To facilitate credit accessibility, Union Finance Minister Nirmala Sitharaman introduced a customised credit card scheme for micro enterprises registered on the Udyam portal
The deputy governor highlighted that despite their importance, MSMEs often struggle to secure timely and adequate credit
"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "
Waives of financial statement requirement for SME loans below Rs 50 lakh
In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.
Providing critical information about the terms of the loan agreement, including the all-inclusive interest cost, will significantly benefit borrowers in making informed decisions
With a 253 per cent jump in the net profit in the third quarter, the bottom line of the bank in the three-quarters of FY24 crossed Rs 5,230 crore