MSME

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

The realisation expected for non-NARCL sales is 35-40 per cent, a senior SBI executive said.

It is expected that the cap removal Rs 6,500 per quintal will help the farmers, mills and jute MSME sector

Here are the top Business Standard headlines on Friday

A host of incentives will be given to eligible early stage companies under the Madhya Pradesh government's Startup Policy and Implementation Plan-2022, an official said

The institute has asked the government to allow its members to do various activities, including the tax audit under the Income Tax Act, 1961

Last fiscal year, the overall turnover of KVIC stood at Rs 1,15,415.22 crore as compared to Rs 95,741.74 crore in 2020-21. KVIC has thus registered a growth of 20.54 per cent from 2020-21

The move will benefit about 4.8 million central government employees and 6.9 million pensioners and will be effective from January 1, 2022.

Small Industries Development Bank of India (Sidbi) has sanctioned a Rs 837-crore support under its cluster development fund scheme to Odisha to help develop 18 MSME infrastructure projects. The funding from the nation's principal financial institution for micro, small and medium enterprises will be to the Odisha Industrial Infrastructure Development Corporation, which is the implementing agency. The projects include development of five new MSME parks, construction of 11 workers hostels and two projects to support MSME infrastructure. Under its cluster development fund scheme, Sidbi extends moderately priced loan assistances to the states for upgrading various existing MSME clusters as also to create new industrial infrastructure. Sidbi chairman Sivasubramanian Ramann said the focus will be on clusters in sectors/sub-sectors which can directly benefit the MSMEs and to bring them to a next level wherein they emerge vibrant by moving higher on the value chain and remain sustainable.

The survey discovered that securing capital remains the biggest challenge

Few multinational e-commerce entities with heavy arsenal of funding operating in India have attempted to flout the FDI norms, said CAIT.

Under the AYE League, business ideas have been invited online till February 15 and they will be scrutinised by experts from eight IITs and two IIMs, he said.

A leading organisation representing MSMEs praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking"

Total guarantee cover expanded to Rs 5 trillion

There is tremendous potential for Indian MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, MSME Secretary B.B. Swain said

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

He was speaking at a virtual international conference organised by the chartered accountants' apex body ICAI

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

Demand for recast may also go up for loans previously restructured; RBI warns of drop in bank's asset quality but reassures that they are strong enough to withstand huge shocks

ECLGS launched by the government in 2020 to provide relief to MSMEs impacted by Covid-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs, claimed a report.