Page 18 - Msme Sector

Develop clusters in backward, tribal areas: Gadkari to leather industry

On the capital issue, he said cost of capital is high in the country and it is difficult to get finance from the banking system

Credit growth picked up rapid pace from September 2019: SBI report

As per the report, in September, the jump in retail credit at Rs 51,900 crore was nearly double that of August, of which housing loans jumped by 2.6 times.

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.

A slew of measures to ease the pain of payment delays faced by MSMEs

In 2015-16, India had 63.4 million MSMEs employing 111 million persons, according to National Sample Survey data cited in the MSME Annual Report 2018-19

Tamil Nadu govt attracted Rs 5,541-crore investments from MSME sector

Chairman of CII Tamil Nadu council S Chandramohan said the trade body has been taking initiatives to support MSMEs' growth

Govt to soon bring changes to make one single definition of MSMEs: Gadkari

The new definition is likely to be effected through an amendment to the MSME Act and may lead to further improvement in India's ease of doing business scenario

Centre to develop labour index of skilled manpower: Union Minister

UP and Bihar accounted for the largest number of migrant workforce in India

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

Govt to launch enterprise development centres for MSMEs in all districts

Aimed at developing a cadre of indigenous entrepreneurs in the MSMEs, the EDCs will be similar to incubators for start-ups, according to a official documents reviewed by Business Standard

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

Stressed MSME assets will not be labelled NPAs till March 31, 2020

Fintech committee recommends new legal framework for consumer protection

The Steering Committee on fintech-related issues has also suggested cash flow-based financing for micro, small and medium enterprises

UP govt to tap World Bank arm IFC for easy capital flow to MSME sector

IFC country head likely to visit Lucknow soon to hold further talks

Ministries planning to allow small businesses to enter manufacturing sector

The MSME sector accounts for 30 per cent of the country's gross domestic product, anchoring 45 per cent of total industrial production

Stimulus package is a well-designed boost for economy: Chandrajit Banerjee

This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground

Industry backs govt's move to have a single definition for small businesses

However, they are opposing the decision to base definition only on annual turnover

Bandhan Bank to focus on affordable housing post takeover of Gruh Finance

Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart

Government to launch an e-commerce portal to help SMEs: Nitin Gadkari

The minister said MSME sector is likely to contribute 50 per cent to the total GDP in the next five years

Finance Ministry tells state-run banks to shore up credit to MSMEs

Earlier this year, the RBI allowed a one-time restructuring scheme for MSMEs with a maximum exposure of Rs 25 crore

RBI panel report suggests big role for NBFCs in developing MSME sector

However, if more NBFCs are allowed in the factoring platform, MSMEs will immediately witness ready buyers, and their debtor delay and working capital cycle will improve vastly