Page 10 - Msme Sector

Seeds Fincap plans to disburse Rs 250 crore in next financial year

The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth loans on Wednesday

SIDBI ties up with Bihar government to promote MSME sector in state

The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to develop the MSME ecosystem in the state. Under the first MoU with Bihar's industry department, project management units (PMUs) will be deployed by SIDBI with the state government, SIDBI said in a statement on Wednesday. The PMU will support the state government in making necessary interventions for focused engagement of SIDBI with Bihar, with the objective of facilitating development of the MSME ecosystem. It will support the state government in making necessary interventions for focused engagement of SIDBI to facilitate development of the MSME ecosystem in the state. According to the second MoU, SIDBI will work i

Indifi Tech says its online loans for small businesses grew 200% YoY

Indifi said it registered a 100 per cent growth in the number of loans disbursed from December 2020 to December 2021

Union Bank of India, Capri Global Capital tie up for co-lending to MSMEs

The co-lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs

BSE joins hand with All India MSME Association to promote listing of MSMEs

Leading stock exchange BSE on Thursday said it has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and startups. Through this pact, AIMA MSME will assist BSE in evaluating MSMEs and startups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs, the exchange said in a statement. Further, the two entities will host joint roadshows and events across the country to raise awareness among micro, small & medium enterprises (MSMEs) for listing on the exchange's SME segment. "We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups," Ajay Thakur, Head BSE SME and Startup, said. Avinash Dalal, .

Sundaram Finance, MSME Development Institute to handhold MSMEs on marketing

Support for entrepreneurial and managerial development of MSMEs through incubators scheme focusses on providing opportunity to the innovators in developing and nurturing their new innovative ideas

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low

Sidbi launches various MSME cluster development focussed initiatives

Small Industries Development Bank of India (SIDBI) on Monday said it has launched various micro, small and medium enterprises (MSMEs) cluster development focussed initiatives

Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

BoB, U GRO Capital come together to launch co-lending platform 'Pratham'

Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.

Wholesalers, retailers to be included under MSME sector: Nitin Gadkari

Union Minister Nitin Gadkari on Friday has issued an order to revise the definition for Micro, Small and Medium Enterprises by including retailers and wholesale traders under the MSMEs

More firms to come under ambit of small and medium sized companies

In a notification, the ministry defined a small and medium sized company as an entity whose equity or debt securities are not listed or are not in the process of listing on any stock exchange

Khadi sales decline 16% to Rs 3,527.71 cr in 2020-21: MSME Ministry

The production activities remained suspended for more than three months during the nationwide lockdown announced on March 25 last year.

Could government-run GeM be a candidate for listing on Indian bourses?

If the listing does happen, the scale could be comparable to what the LIC public issue will be in the insurance sector

World Bank approves $500 mn program to help boost India's MSME sector

The loan has a maturity of 18.5 years including a 5.5-year grace period.

MSME needs 'concentrated, right kind' of relief package: Assocham

Industry body Assocham has demanded from the government a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic

Why MSMEs need help again and why the govt's earlier approach may not work?

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

TReDS can be a lifeline for small businesses

The government and its enterprises are the single largest agencies that procure goods from MSMEs. They need to use the Trade Receivables Discounting System to make timely payments to such businesses

Project RE-HAB will soon be replicated in all states, says Gadkari

Project RE-HAB will soon be implemented in different states including West Bengal, Jharkhand, Odisha, Chhattisgarh, and Assam, MSME Minister Nitin Gadkari said on Thursday.

Pre-pack problems

MSME Ordinance violates basic principle of IBC