Page 23 - Msme

UP to tie-up with Bank of Baroda for MSME funding, plans venture fund

Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units

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

Loan rates will come down

Over time, banks will be forced to either offer lower tenure fixed deposits or longer tenure floating deposits

Govt to soon take a call on U K Sinha panel report on MSMEs: Gadkari

The committee was set up to review the framework for MSMEs, and suggest long-term solutions for economic and financial sustainability for the sector

Edelweiss Group, Central Bank of India join hands to co-lend to MSMEs

The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners

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

Gadkari's mega plan for small biz: Record 100,000 new MSMEs this fiscal

Ministry also targets 66% rise in credit, setting up of 400 clusters and Rs 50,000 cr in procurement from sector

MSMEs must create 50 million jobs in 5 years, says Nitin Gadkari

Currently, micro, small and medium enterprises contribute 29 per cent to the country's gross domestic product and have created 11 crore jobs in recent years

MSMEs to get pending GST refunds within 30 days, says FM Sitharaman

In future, all GST refunds of micro, small and medium enterprises will be paid within 60 days from the date of application

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

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

Reliance Jio looks to heat up cloud business, sets sight on 10 mn MSMEs

Company plans to bring 5 million retailers and kirana stores on cloud

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

India Inc sees J&K in new light after govt scraps provisions of Article 370

The region to hold its first investors' summit in October; many look at opportunities in the FMCG sector

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

MSME focus for Yes Bank; looks to reduce turnaround time to one day

The bank is looking to disburse Rs 500 crore in the next one year through its newly-launched lending program, the Smart Edge for MSMEs

Budget focuses squarely on MSMEs through dedicated payments platform

A payments platform will be created for MSMEs to enable the e-filing and payment of bills

Budget 2019: Rs 350 cr allocated for interest subvention for MSMEs

FM also says country needs to make structural reforms to achieve $5 trillion economy in the next few years

Economic Survey calls for 'sunset' clause on policy incentives to MSMEs

While large firms create permanent jobs in large numbers, according to the survey, young firms create more jobs at an increasing rate than older firms

50,000 new MSME units invest Rs 2,300 cr in Odisha: Economic Survey 2018-19

Together, these new units have created 147,000 jobs; repairing services take up lion's share, at 60% of all MSMEs in the state, generating 43.1% of overall jobs