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Google to help SMEs avail loans via Google Pay

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Google India on Thursday said it will work with financial institutions to help merchants get loans via its Google Pay for Business offering.

Gadkari launches credit guarantee scheme worth Rs 20,000 cr for MSMEs

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The scheme seeks to extend support to the promoters of the operational MSMEs that are stressed and have become NPAs as on April 30, 2020

MSMEs may see another round of restructuring as RBI moratorium eases

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Small businesses remain under stress as India ends lockdown to contain coronavirus outbreak

PSBs disburse Rs 16,031 cr loan to MSMEs under emergency credit scheme

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On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME ...

PSBs lead in disbursing loans to MSMEs under credit guarantee scheme

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The bulk of the disbursed amount -about two-third- was contributed by public sector banks.

Firms rush to register as MSMEs, but most may not get loans: Officials

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The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since ...

Covid-19 disruption side effect: Rise in cybersecurity jobs in India

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The report further said that software development job postings on the other hand increased by 13 per cent from February-May

Worrying trend: In last few years, hacking in India sees alarming growth

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India saw second highest phishing hosting attacks in Q1 2019

Key decisions announced in the Cabinet briefing today

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Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for ...

Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman

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Govt likely to issue clarification to add more borrowers under ECLGS

Did You Know?

  • The MSME sector contributes 29% to the country’s GDP

  • MSMEs are major job providers in India and catalysts for growth

  • MSMEs account for 48 per cent of the country's exports, and generate 110 million jobs

  • Business can be filed/registered online free of cost on the Udyog Aadhaar portal

  • 1,39,10,422 MSME Enterprises are registered in India

  • The MSME Sector has around 8 million women-led enterprises.

  • The percentage of rural enterprises is more than urban enterprises in the MSME Sector

  • The MSME sector is the backbone of the Indian Economy

  • To facilitate the enterprises to take benefit of various schemes by the Office of Development Commissioner (MSME), there is a mobile app launched MyMSME.

  • To address delayed payments to this sector the Ministry of MSME launched a portal named as MSME SAMADHAAN.

  • To monitor Public Procurement Policy users can refer MSME SAMBANDH Portal, which share factsheets about public procurement by Central Public Sector Enterprises (CPSEs), and to facilitating officer login to publish such factsheets


What’s new

  • PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs

  • New criteria for classification of micro, small and medium enterprises – Gazette Notification – 1st june,2020

  • Distressed Assets Fund – Subordinate Debt scheme for MSMEs

  • No Global tenders for procurement upto Rs.200 Cr