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RBI tells banks to assign 'zero' risk for emergency loans to MSME
The government in May introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providin…
PTI
ICC demands higher interest subvention on loans for MSMEs to boost employment generation
Since a key agenda of the interest subvention scheme for these enterprises is to get them on-b…
PTI
A banker's checklist for MSMEs who want a loan
Micro, small and medium enterprises are at the heart of India’s economy. According to the Confedera…
Bajaj Finance shares surge as Nirmala Sitharaman’s cash injection for both NBFCs and small businesses will benefit Sanjiv Bajaj’s company
The Bajaj Finance share price soared in early trading on Thursday, May 14, after the Indian governm…
Gujarat govt partners with SBI to facilitate MSME loans
As per the MoU, the top public sector lender willprovide working capital to entrepreneurs seeking t…
PTI
Government committed to supporting MSME sector: Survey
New Delhi, Jan 31 () The government on Friday said it is committed to supporting the micro, small a…
PTI
India’s banks still shy away from lending to small businesses -- Business Insider’s MSME Exchange panelists debate the reasons
With this, he highlighted some of the structural challenges within the Indian system to supp…
Double moratorium period to 6 mths, provide credit guarantee for MSME loans: IBA to RBI
Based on the representation made by various industry associations, a detailed and comprehensive li…
PTI
SC directs govt to implement its decision to forego interest on eight categories of loans
The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housi…
PTI
Finance Ministry extends Emergency Credit Line Guarantee Scheme till March 2022
The government has been receiving demands from various industry bodies and other stakeholders to…
PTI
India’s central bank just gave the country’s small businesses a one-time breather from some of their bad loans — but with a few conditions
The scheme will only be applied to accounts with an outstanding value of ₹250 million or less. I…
Kerala Finance Minister believes in just one economic stimulus — vaccines
A lot of states have been releasing their own stimulus packages to compensate for the strict lockdo…
Indian MSMEs can now get a loan approved in just 59 minutes
Micro, small and medium enterprises (MSMEs) in India have been under pressure since demonetisation …
Finance Minister Nirmala Sitharaman announces six measures for the MSME sector
The six measures for the Micro, Small and Medium Enterprises (MSME) include collateral-free loan…
MSME Export Promotion Council hails govt resolve to support crisis-hit MSME sector
Lucknow, Jan 31 () The MSME Export Promotion Council (MSME-EPC) on Friday hailed the Centre's commi…
PTI
SBI Chairman Rajnish Kumar hints ₹10,000 crore MSME Fund of Funds will be operational soon
The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at…
PTI
Here’s why India's biggest hotel chain operator, a large car maker and airline would like to lose 'elite' tag
Having said that, Finance Minister Nirmala Sitharaman had announced initiatives for the aviati…
MSME sector will tide over coronavirus crisis: Gadkari
Gadkari said the committees constituted by the Prime Minister's Office are continuously monitoring …
PTI
EXCLUSIVE: Bankers may be working all 31 days of March with the government looking to double the loans doled out under the PM SVANidhi scheme
Indian government is asking bankers to work on holidays to double the loan disbursement under the …
SBI received restructuring requests for over ₹6,000 crore in October — expects that to more than double over the next three months
India’s largest lender is the first to reveal its restructuring numbers. At the end of October, it …