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2 mins read
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
2 mins read
Union Budget 2024: More for new additions in workforce, internship in top 500 companies
In order to promote upskilling, the budget also promised loans of up to Rs 7.5 lakh, which will be …
2 mins read
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
3 mins read
MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity
The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a m…
3 mins read
MSMEs with bank loans due up to Rs.50 crore can get their loans restructured
The second iteration of RBI’s restructuring offer was originally introduced in early May but was…
3 mins read
Fintechs are helping Indian MSMEs with their biggest challenge — data and the lack of it
There are over 6.3 crore micro, small and medium enterprises (MSMEs) in India and most of them are …
3 mins read
How to apply for an MSME loan online and get approval in 59 minutes
The Indian government announced a special scheme for micro, small and medium enterprises, allowing …
2 mins read
The proposed new definition of MSME will make 90% of Indifi’s borrowers ‘micro’, says CEO
Finance Minister Nirmala Sitharaman on May 13 said that the definition of micro, small and medium e…
2 mins read
Nearly half of MSMEs witness up to 50% fall in revenues, says a new report
The findings are based on responses from 14,444 MSMEs. The survey, conducted in the second half…
PTI
4 mins read
DBS Bank’s handcrafted solutions to empower MSMEs across India
Being a major contributor to the socio-economic development of the country, this sector has been…
3 mins read
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
3 mins read
MSME sector is on a strong growth trajectory post the pandemic: SBI Research
MSMEs have shown resilience to bounce back from the pandemic-induced slowdown, with credit growth t…
4 mins read
Only 5% of the government’s MSME emergency loan package is disbursed after a month — private banks are sitting tight
Private banks are yet to play their part. As part of the coronavirus stimulus package, the In…
1 min read
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
1 min read
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
2 mins read
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…
2 mins read
RBI directs banks and NBFCs to comply with interest waiver scheme
The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of differenc…
2 mins read
Compound Interest Waiver Scheme applies to everyone but provides limited relief — Here’s everything you need to know
The Compound Interest Waiver Scheme was released by Indian’s Ministry of Finance on October 23. It …
1 min read
Scheme to provide subordinate debt to MSME entrepreneurs to be introduced:Govt
New Delhi, Feb 1 () The government on Saturday said a scheme will be introduced to provide subordin…
PTI
4 mins read
IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEO
"In the MSME segment, we are right now in the range of Rs 31,000 crore lending portfolio, we want …