Page 21 - Msme

UP arranges for 1,000 special trains as migrants arrive in droves

Some 150,000-200,000 migrants are returning to the state daily

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

Govt accounts for nearly 94% of Rs 1,819 cr dues payable to MSMEs: CII poll

A study of 450 MSME members revealed that govt departments including state depts owe them Rs 1,709 Cr, while private sector also owes about RS 110 crore

Fiscal stimulus package fails to provide succour to the poorest: Opposition

Senior Congress leader P Chidambaram said the need of the hour was to put money into the pockets of the people, particularly the poorest 130 million people

Govt likely to pledge Rs 3-trn in loans to MSMEs amid Covid-19 outbreak

Small firms will be eligible to borrow an additional 20 per cent of their credit limit. The extra debt will be fully backed by the government

IBA demands recast of loan accounts of small firms amid Covid-19 crisis

The RBI had permitted a one-time restructuring of existing loans to GST-registered MSME units

Covid-19: MSMEs cautiously welcome RBI measures, exporters want more

Calls for economic package for distressed sectors continue

Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers

Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).

Coronavirus outbreak: Govt mulls suspending IBC process for 6 months

The finance minister also announced a slew of measures to provide cushion to companies on compliances.

Covid-19 impact: MSMEs require support to survive, says industry expert

Over 22% of the over 75 Million MSME's units in India will be shut if the lockdown in cities extends beyond 4 weeks and a staggering 43% will shut shop if the panic extends beyond 8 weeks

Coronavirus: UP warns against hoarding and black marketing of food items

Asks MSMEs to ramp up production of masks and hand sanitisers

Firms owe Rs 6 trn to MSMEs; govt to address issue soon: Gadkari

The minister announced that the government will revamp the Khadi and Village Industries Commission (KVIC) within three months and make it more export-oriented.

Online lender Vivriti Capital raises Rs 350 cr in series B funding

The latest round takes total equity raised by the start-up to $100 million

Covid-19 pandemic can deal MSMEs a serious blow: CRISIL SME Tracker

The World Health Organisation has declared Covid-19 a pandemic, as more than 114 countries have reported cases of the affliction. This has material implications for the global economy

From electricity tariff to arbitration clause, here're the key court orders

A firm with a grievance should not rush to the high court when there is an efficacious remedy under the Micro, Small and Medium Enterprises Development Act.

RBI manna for MSME sector can spur demand, says CRISIL SME Tracker

The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019

Nearly half the economy is not running: P Chidambaram

"How long can you blame the previous managers?" asked Chidambaram in his speech

Monetary policy review: RBI extends helping hand to MSMEs, realtors

Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors

Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival

Markets to open for regular trading on February 1

Essel Group's NBFC arm sells Rs 145-crore MSME loan book to Adani Capital

The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said