Page 18 - Msme

BEML implements 'catch-up' plan to make up for output backlog due to Covid

The Bengaluru-headquartered company under the Ministry of Defence has set a revenue target of over Rs.4,000 crore for 2020-21, up from Rs 3,029 crore in the previous fiscal

Adityanath govt targets MSME exports worth Rs 3 trn in next three years

UP to woo companies exiting China after the Covid-19 outbreak

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

MSME units from Maharashtra availed maximum loans under ECLGS: Minister

The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

UP govt to organise 5-day global virtual MSME exhibition in October

Buyers from 50 countries will be connected to the virtual platform, which will also promote the One District-One Product (ODOP) scheme

FIDC seeks relaxation in provisioning conditions for restructured accounts

The FIDC has also asked the ministry to allow debt restructuring of all standard MSME accounts in the 0-90 day bucket

Subordinate debt: A way for govt to hand out cash to needy MSMEs

The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment

Uttar Pradesh MSMEs to get up to Rs 5 lakh aid under new start-up policy

MSMEs in Uttar Pradesh will get marketing assistance of up to Rs five lakh under a new start-up policy, a senior official said here Tuesday. New start-up policy 2020, aimed at extending support and encouragement to start-ups and incubation centres in Uttar Pradesh has been notified, said Additional Chief Secretary (Electronics and Information Technology) Alok Kumar. Under the new policy, there is a window of up to Rs 5 lakh as marketing assistance to MSMEs," he added. Kumar gave this information while addressing a virtual conference on "Role of Information Technology in transforming MSMEs' future during COVID-19", a PHDCCI release said. The conference had been organized by the Uttar Pradesh Chapter of PHD Chamber of Commerce and Industry. Kumar also said the Department of IT & Electronics is working hand in hand with SIDBI to facilitate venture capital funding for new start-ups and MSMEs. Focusing on the important role that IT is playing these days, Additional Chief Secretary, ..

Gadkari calls for increased global investment in highways, MSME sectors

The minister for Road Transport, Highways and MSMEs said automobile and micro, small and medium enterprises are the two growth engines of the country's economy

UP aims at doubling MSME exports to Rs 2.4 trillion in three years

Export promotion policy on anvil, seeks to substitute Chinese exports

Adityanath govt transfers online loans of Rs 2,447 cr to new MSME units

Yogi Adityanath said that his government was working with full dedication to explore all possibilities to realise 'self reliant India'

Planning to create micro lending body for women, small businesses: Gadkari

Gadkari said the government is mulling over the idea where the finance of up to Rs 10 lakh can be availed by women entrepreneurs within three days

Loan restructuring may only provide short-term respite to lenders

The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans

Individuals to benefit as govt eases eligibility criteria for MSME credit

The Centre has also decided to include personal loans for business purposes under the scheme

Covid-19 updates: MSMEs stare at huge job losses, Bolsonaro tests negative

A survey on micro, small, and medium enterprises showed that estimated 25-30 million people have lost their jobs by the end of June

India best destination for foreign investment in MSMEs, NBFCs: Gadkari

The minister called India as the most favourable destination for foreign investment and urged foreign investors to reap rich dividends by investing in the country's infra, MSMEs, banks, NBFCs

Why Modi govt's plan to help small businesses has done little to save them

Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that would be normally packed with workers and vehicles

ECLGS: NBFC body seeks addition to list of individuals seeking assistance

FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme

Vendors to get interest for delayed payments on govt e-marketplace

Move taken to ensure timely payments particularly to MSMEs; buyer will have to pay interest at the rate of 1% a month