Page 50 - Msmes

Budget 2019 promises new pension scheme, highway revamp & more

She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20

Flipkart plans to tap 50,000 MSMEs for expanding in small towns

Flipkart claims to have almost 100,000 MSMEs on the platform

Govt working on new credit scheme for MSMEs to encourage job creation

He said small and medium enterprises contribute 29 per cent of India's GDP and provide employment to 110 million people

RBI's panel on MSMEs bats for Rs 5,000-crore stressed asset fund

Committee also suggests doubling collateral-free loans to Rs 20 lakh

Relief for MSMEs

Plan to double collateral-free loans can, however, be a spoiler

UP government to mandate 25% procurement from local small businesses

UP is home to about 4 million MSMEs and the sector is the second largest employer after agriculture

MSMEs urge Naveen Patnaik to change status of allotted lands to freehold

The associations also requested chief minister to come out with a conversion policy for MSME of the state

MSEs are becoming more optimistic about their business prospects: Survey

Firms also appear to be optimistic about their prospects in Q4FY19

Scheme's intention stymied on ground

Well-intended schemes are not being fully implemented in letter and spirit at operating levels

MSME units provided jobs to 10 crore people in past 4 years: Govt

2 lakh entrepreneurs benefited from the Prime Minister's Employment Guarantee Programme between 2014-18 taking the overall number to 20 lakh

One-Indian-One-Price among a slew of demands made by AIMO to boost MSMEs

Uniformity in stamp duties for property mortgages across states, GST exemption, interest on refunds from governments, early settlement of NPA are among other demands made by the trade body

Loan restructuring for small businesses welcome, but solve this malaise

Banks may have to tweak the way they appraise loans to the sector

Govt plans insurance scheme up to Rs 10 lakh for GST-registered MSMEs

The scheme, if approved by the government, is likely to be announced by the end of this month before the commencement of the Budget session

Trade body lauds RBI's new guidelines on loans to MSMEs

The MSMEs in the exporting sectors which were affected due to demonetisation and implementation of GST would be benefited by the move

Govt to set up 20 additional tech centres to help MSMEs: Giriraj Singh

Currently, 10 such centres are operational in different states of the country

Yogi govt to tie up with micro lenders for small business funding

UP govt plans to integrate MFI channel with its flagship One District One Product scheme

CRISIL SME tracker: TReDS will materially change MSME credit access

Bank credit to micro and small enterprises (MSEs), especially in manufacturing, has shown no signs of growth in the past two fiscal years, and actually declined for medium enterprises

MSME outreach drive starts today: Loan approvals for Rs 1-10 mn in 59 mins

Industry leaders said the government's outreach programme is needed to boost trade and industry's confidence

FM Arun Jaitley launches portal to grant MSME loans within an hour

The web portal, www.psbloansin59minutes.com, will enable in-principle nod for loans up to Rs 10 million within 59 minutes for MSMEs, Rajiv Kumar said

Satya MicroCapital raises Rs 400 mn in NCDs to widen MSME loan base

Satya MicroCapital, the fastest growing Indian micro-finance institutions, has issued Non-Convertible Debentures (NCDs) worth Rs. 40 crore from Microfinance Enhancement Facility S.A. (MEF)."The funds raised will help us scale up our operational base, capital base and reach more entrepreneurs by developing innovative credit offerings for micro, small, and medium enterprises across the country," said MD & CEO, Satya MicroCapital, Vivek Tiwari.Satya MicroCapital Limited is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralized approval system.The company has adopted a unique Limited Liability Group (LLG) Model for extending loans and ensuring repayment. The company's LLG model distributes the liability among each group member which exists only up to 10 installments in bi-weekly collections.Through the model, the company aims to add a social touch to lending by integrating modern technology into the Micro Finance .