Page 5 - Msme Credit

Govt to set up Rs 1-trn fund to clear pending MSME payments: Gadkari

He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead

Covid-19: UP plans special package to woo MNCs disenchanted with China

Adityanath govt has been planning a Global Investors Summit in Lucknow by 2021-end to position the state as an ideal international investment destination across sectors

Force majeure does not extend expiry dates in letters of credit: Expert

A bank will not, upon resumption of its business, honour or negotiate under a credit that expired during such interruption of its business

New scheme to provide subordinate debt to MSME entrepreneurs to be launched

The government has also asked the Reserve Bank to extend the Debt Restructuring window for micro, small and medium enterprises by a year to March 31, 2021

Govt approves changes in Interest Subvention Scheme to boost MSME output

Union Minister Nitin Gadkari on Monday approved changes in the Interest Subvention Scheme guidelines for micro, small and medium enterprises, and said the modifications are expected to boost their productivity through access to credit at reduced cost. The Minister for Road Transport & Highways and MSME reviewed the functioning of the scheme. "It is expected that the modifications in the scheme guidelines will lead to fulfilment of objectives of the scheme, i.e. to increase productivity in MSMEs through access to credit at reduced cost," Gadkari said. The minister highlighted that the government is committed to enhancing credit to the MSME sector and the implementation of the scheme is being closely monitored to help micro, small and medium enterprises (MSMEs) get incremental credit of up to Rs 1 crore with an interest subvention of 2 per cent. The modifications to the scheme include settlement of claims based on internal or concurrent auditor certificate and submission of ...

Miles to go as financial inclusion has only scratched surface: TRIBE CEO

Tech is helping extend credit to the MSME sector

MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch

Speaking on the occasion, Union Bank managing director Rajkiran Rai G said, through the hundred years journey, the bank has been serving national priorities.

Top 10 biz headlines: Faster GST refunds, million auto jobs at risk & more

From a single-authority mechanism for processing GST refunds to exporters coming soon to NCLT approving JSW Steel's Rs 19,700-cr bid for Bhushan Power & Steel, here are today's top business news

West Bengal govt to look for ways to boost credit to MSMEs: Mamata Banerjee

Commercial banks and SCBs provide loans to Kisan Credit Card holders and options resembling such an initiative can be explored