Page 39 - Msmes

Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)

MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker

Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.

Amazon Global Selling programme hits $2 bn in overall exports from India

The programme helps over 60,000 Indian exporters sell 'Made in India' products, pledges to take cumulative shipment values to $10 bn by 2025

CBDT to share depreciation, turnover info of small firms with MSME ministry

The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium Enterprises

Top headlines: Debt to hit 87.6% in FY21, Amazon boosts MSME exports & more

Here are the top headlines of the day

Indian MSMEs on Amazon global selling programme cross $2 billion in exports

Indian SMEs and brands using Amazon global selling export worldwide has now crossed $2 billion in cumulative exports

Save MSMEs from closure to protect country's industrial capital: economists

If small units shut down, it will lead to more imports and eventually inflation for years to come, they said at a webinar on Tuesday

If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

India saw nearly Rs 25,000-cr wilful defaulter cases even before lockdown

Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts

Many MSMEs are approaching banks for collateral-free loans: Survey

The rating agency said the survey was conducted over 2 weeks - between June 23 July 7 - and saw the participation of 345 respondents from a cross-section of sectors

Banks sanction Rs 1.14 trn loans to MSMEs under credit guarantee scheme

Under the ECLGS, the loan amounts sanctioned by PSBs increased to Rs 65,863.63 crore, of which Rs 35,575.48 crore has been disbursed as of July 4

Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker

Short-term disruptions include high input costs and various operational challenges.

Banks disburse over Rs 52,255 crore to MSMEs under credit scheme

However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.

RBI asks banks, NBFCs to reclassify MSMEs as per revised criteria

Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery

India to ban Chinese firms from highway projects, including JVs: Gadkari

Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like MSMEs

India's electricity output signals recovery in June, shows govt data

June power generation fell 9.9%, a Reuters analysis of daily load despatch data from federal grid operator POSOCO showed, compared with a 14.3% decline in May.

Banks sanction over Rs 1 trn in loans to 300,000 MSMEs under credit scheme

The scheme is the biggest fiscal component of the Rs 20-trillion 'Aatmanirbhar Bharat Abhiyan' package

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

Flipkart says 90% sellers back on platform, 125% rise in new MSMEs

Uttar Pradesh, Maharashtra, West Bengal, Delhi and Tamil Nadu are the top states where local MSMEs have shown maximum interest in taking their businesses online

SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme

SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019