Page 23 - Msme

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

MSMEs crucial for creating jobs, income in developing countries: Goyal

The minister said that free trade and investments will benefit developing countries when they remain development centric

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

Low bargaining power of the entities hitting MSMEs badly: Expert panel

Data shows that apart from commercial banks, NBFCs emerged as a big funding source for the sector

MSMEs forced to approach moneylenders as PSBs steer clear despite govt push

While the average cost of bank lending to MSMEs is between 12-15%, it goes up to as high as 18% from NBFCs, and 24% from moneylenders

Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report

The MSME segment, where NPAs had peaked in the previous few years, is starting to see a fall in NPA ratios

MSME minister urges banks to provide loans to youth and small entrepreneurs

The MSME minister said the government is keen to bring SC/ST entrepreneurs at par with their counterparts in the industry

The big problem of micro and small enterprises

Under pressure, many banks are in perennial search of Mudra loan seekers. In the process, the credit risks are rising

Two steps forward, one back

Overall NPA situation improves, but what of MSME lending?