Page 31 - Msmes

MSME needs 'concentrated, right kind' of relief package: Assocham

Industry body Assocham has demanded from the government a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic

Centre considers a revamp of stressed asset guarantee scheme for MSMEs

As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard

Govt ready for another cut in import duty on steel to tame prices

The government has proposed to slash import duties on steel items further bringing it to zero or near-zero levels to provide relief to MSMEs

Relief to only postpone financial stress from India's Covid surge: Fitch

There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery

Former Irdai chairman asks insurers to concentrate on prevention of risk

In the first two quarters after the onset of the Covid-19 pandemic, the insurance industry suffered negative growth. But, it bounced back as soon as the economy opened up post the lockdown

Banks want RBI to relax NPA norms for lockdown-stressed MSME sector

Bankers request extension of NPA classification norms to 180 days from 90 days currently

Flipkart to pay 100% premium towards Covid-19 insurance for all its sellers

The offer holds for policies between Rs 50,000 and Rs 3 lakh; exempted storage fees for MSME partners

RBI's relief: Hit by second Covid wave, MSMEs call for more support

According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required

IndiaMART hits over 3-month low; slips 18% in 3 days post Q4 results

The stock has corrected 27 per cent from its all-time high level of Rs 9,952 touched on February 5

Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker

Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals

NBFCs seek extension of MSME restructuring scheme till March 2022

NBFCs have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses

Scope for Indian MSMEs as countries look beyond China for supplies: Gadkari

Minister says e-commerce players such as Amazon should continue to focus on capacity-building, tech will be a key factor in defining competitiveness of Indian MSMEs at home and globally

Amazon leads $10-million investment in MSME fintech startup M1xchange

The round also saw participation from BEENEXT and Mayfield

Amazon announces $250 million fund to help MSMEs go digital in India

Amazon India Global SVP and Country Head India Amit Agarwal said the fund is targeted at empowering the best ideas, and attracting visionary entrepreneurs

Longer forbearance will help in conversion to a bank, says Y S Chakravarti

We are not going in for external funding. We have decided that SCUF will fund them, says Shriram Group MD

Payments banks can now hold max balance of Rs 2 lakh per customer

The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect

Helped 2.5 mn MSMEs in India go online, enabled exports worth $3 bn: Amazon

Amazon India on Thursday said it has digitised 2.5 million MSMEs, enabled cumulative exports worth $3 billion and helped create nearly one million jobs in the country

Insolvency law changes to give better resolution framework for MSMEs: Govt

The government on Wednesday said the latest amendments to the insolvency law by way of an ordinance are aimed at providing an efficient alternative resolution framework for MSMEs

NITI Aayog considers separate PLI scheme for MSMEs, examines biz models

Seeks different schemes for firms with higher targets, and smaller ones

Covid-19 defaulters can use MSME pre-packaged insolvency scheme

The detailed rules of the scheme specifying the minimum threshold of default will be notified soon