Page 13 - Msmes

Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model

The group has recommended coverage for 40-50 million MSME workers initially

IIT Kanpur to support Covid-hit small and medium businesses, start-ups

Technopark@iitk is keen to scale up the model to reach out to more MSMEs and start-ups

Gujarat, Sibdi sign MoU to help 3.5 mn MSMEs amid Covid-19 outbreak

The aim is to "accelerate technology transfer and innovation in state MSMEs through training and capacity building programmes," it said

$100 mn fund for small business: Facebook invites applications for grant

The small business grants programme worth $100 million was announced by the tech giant as part of its commitment to businesses

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Rajasthan government signs pact with Sidbi to develop MSME ecosystem

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state

UP's first 'flatted factory complex' to come up in Agra for Rs 125 cr

The Rs 125 crore project will comprise 68 industrial units

Govt launches new Aatmanirbhar Bharat schemes to support MSMEs, start-ups

The Centre on Wednesday launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme to support MSMEs and start-ups for making India innovative, resilient, tech-driven, and research and development (R&D)-oriented. The Niti Aayog's Atal Innovation Mission (AIM), in collaboration with ISRO and four ministries, will focus on challenges in 15 sectors through the programme. "This support for MSMEs (micro, small and medium enterprises) and start-ups in product development would make India innovative, resilient, tech-driven and R&D-oriented," Niti Aayog CEO Amitabh Kant said at the launch of the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme. He added that the programme provides a great opportunity for the government to become the first buyer of indigenous Made in India technology solutions. Kant also expressed hope that the Atal Innovation Mission, through the ARISE-Atal New India Challenges, will help in breaking new ground and this will be a ...

UP plans exclusive retail chain to market ethnic, indigenous products

While, a majority of these outlets would be set up in UP, stores will also be launched in other states

Banks sanction loans of Rs 1.61 trn to MSMEs under credit guarantee scheme

The Finance Ministry on Monday said banks have sanctioned loans of about Rs 161,017 crore under the Rs 3-trn ECLGS for the MSME sector reeling under the slowdown caused by the coronavirus pandemic

Rebooting industry: 88% industrial units now operational in Uttar Pradesh

More than 70% or 583,000 units have plant load factor of 80-100%

Firecracker industry suffers as Covid lockdown restricts movement, orders

Sivakasi accounts for nearly 90 per cent of the country's firecracker production. Around 1,070 firecracker units, mostly medium and small scale, are located in the district

Doubling priority lending for renewables to help only small installations

Industry players say cap is inadequate to meet funding requirements of planned mega projects

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15

FM tells banks to frame loan recast scheme for all viable units by Sept 15

Lenders told to put in place FAQs on recast on their websites in multiple languages

98% of exporters, especially MSMEs will benefit under MEIS: Piyush Goyal

Ninety-eight per cent of exporters, especially MSMEs will benefit under MEIS with reward cap of Rs. 2 crore/ Importer Exporter Code from September 1 to December 2020

Indian Bank cuts 1-year MCLR by 5 bps to 7.3%; effective from September 3

Most of the consumer loans such as personal, auto and home were priced on the basis of the one-year MCLR prior to the introduction of repo-linked lending rate

Retail credit up by Rs 40,853 cr in July over June, MSME loans up slightly

RBI said on YoY basis, non-food bank credit grew 6.7 per cent in July 2020, the same as June 2020, but lower than the growth of 11.4 per cent in July 2019

No pressure from govt to participate in MSME scheme, says SBI chief

Leading bankers welcome term loan installment moratorium announced as economic relief