Page 2 - Msme Financing

Covid second wave: MSMEs need help again but not the way govt did last time

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide

Second wave of coronavirus pandemic: What RBI can do to help

Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter

Sequoia-backed Drip Capital finances over $1 bn cross-border trade

As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters

Udaan raises $280 mn from existing, new investors, valuation crosses $3 bn

The additional financing exercise takes the overall funding raised by Udaan to date to $ 1.15 billion

Equitas SFB IPO subscribed two times even as HNIs give offer a miss

Institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times

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.

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

PSBs sanctioned loans worth Rs 6.45 trn in lockdown between Mar 1-May 15

State-owned banks launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March

Stock exchanges turn to Centre, state govts to fund SME share sales

The plea comes at a time when coronavirus pandemic has crippled business activity, with SMEs being the worst-hit

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

MSME ministry likely to streamline existing schemes for better results

Central schemes may be significantly modified to maximise returns on fund allocation and speed up industrial output

Kogta Financial raises Rs 300 cr in round led by Malaysia's Creador

The retail non-banking financial company specialises in secured retail used and new vehicles and MSME financing.

Stress in agriculture, MSME sector may impact banks' retail loan portfolios

Over the last few quarters, due to stress in the corporate loan sector, banks have been trying to focus on retail loans

Tribals need to be made self-reliant and self-sufficient: Nitin Gadkari

Gadkari assured that all possible help would be extended to the tribal community through his MSME Ministry

Govt may seek up to $14.5-bn credit from foreign lenders for MSMEs: Report

India's 63 mn firms in the MSME sector are responsible for more than a quarter of the country's manufacturing and services output, and must be re-energised for PM Modi's govt to kick-start the economy

RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt

The scheme announced by RBI is a one-time scheme wherein a loan tenor and interest rate can be revised without classifying the asset as an NPA

59-minute loans: Leapfrogging MSME lending through technology

The criticality of credit flow to the MSMEs is borne out of its contribution to employment and inclusive growth

Credit to small businesses up five-fold to Rs 1.23 trn post GST: SBI report

Concerns on credit supply to small businesses a 'myth', says SBI report

Govt in talks with RBI to explore ways to improve credit flow to MSMEs

the ministry is holding discussions with the Reserve Bank of India (RBI) about promoting fintech companies which can reach out much better than the scheduled commercial banks to the MSMEs all across

Amendment to Companies Act to ease fund flow to MSMEs: FM Arun Jaitley

Minister of State for MSME Giriraj Singh said that the GST would go a long way in strengthening the MSME sector