Page 14 - Msmes

India's Q1FY21 GDP may shrink by 25%, says ICRA; flags distress in MSMEs

India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday

Over 300,000 MSMEs have registered on Udyam portal since July: Official

Over 300,000 micro, small and medium enterprises (MSMEs) have registered in nearly two months through the new registration process on the 'Udyam' portal, a top official said on Tuesday

Green shoots are mechanical rebound, don't read much into it: Ex-RBI Guv

Short-term as well as medium-term prospects (for Indian economy) continue to be grim, says D Subbarao

MSME promoters likely to stay in charge during resolution process

However, all key decisions will have to be finalised by CoC; govt is also considering amending IBC to bring in the pre-packed scheme for all stressed companies

Govt to set up National Recruitment Agency to hold common govt job exam

Three airports of Jaipur, Thiruvanthapuram and Guwahati to be leased out for development, operation and maintenance under PPP for 50 years

Courier SMEs' cup of woe spills over, shows CRISIL SME Tracker

CRISIL Research expects their revenue to decline 30-35 per cent in FY 2021

Even with Covid, our fresh slippages will be in control: SBI chairman

We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar

Stride Ventures provides debt fund of Rs 15 cr in lending platform ZipLoan

Stride Ventures on Wednesday said it has provided a debt fund of Rs 15 crore to ZipLoan, a technology-enabled lending platform that provides loans to micro, small and medium enterprises (MSMEs). "This is Stride's first foray into fintech (financial technology) lending, and the amount will be disbursed in two tranches. The investment underlines the firm's commitment to leverage traditional banking capital to cater to the start-up ecosystem," according to a statement. ZipLoan caters to the need of working capital loans for kirana stores and micro industries. Its proprietary platform ZipScore, which tests credit worthiness of a borrower, has helped maintain non-performing assets at under 3 per cent, the statement said. "We are excited to partner with ZipLoan in their pursuit to revolutionise lending to small business owners. It is our endeavour at Stride to make credit accessible and efficient, as we try to prevent equity dilution and make entrepreneurs truly 'Aatmanirbhar'," Stride ..

MSMEs will take 7-8 months to recover from Covid-19 impact: D&B economist

Traditional sectors like food, drugs, pharmaceutical, ITes (IT-enabled services), banking, retail, automotive, real estate and jewellery are witnessing moderate to high to severe impact

Centre may allow cooperative banks to lend under Emergency Credit Line

Gadkari also said that the government aims to increase MSMEs' contribution to the GDP to 50 per cent and in share of exports to 60 per cent

Working on idea of land bank to help small businesses: Nitin Gadkari

The minister also said there was a need to think how India could increase exports and reduce import dependence

Rs 10,000 crore Fund of Funds scheme to help MSMEs with growth: SBI chief

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues

MSMEs, industries must be made import-substitute for self-reliance: Gadkari

Says private sector should think more about tribals, villagers, farmers and other marginalised sections while talking about growth

Grofers announces 9-day sales scheme, Rs 50 cr support to local partners

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement

Private sector should think about marginalised section, says Gadkari

The private sector should think more about the marginalised sections while talking about growth, Union Minister of Micro, Small and Medium Enterprises (MSME), Nitin Gadkari said on Saturday.

Adityanath govt transfers online loans of Rs 2,447 cr to new MSME units

Yogi Adityanath said that his government was working with full dedication to explore all possibilities to realise 'self reliant India'

Gujarat's new industrial policy pegs average annual outlay of Rs 8000 cr

Gujarat CM Rupani said that the new policy has been formed to further consolidate the growth momentum that the state has achieved over the past few years as well as enhance the current growth rate

UP signs MoU with eBay to provide global marketing platform for MSMEs

Adityanath said his government was steadfastly working towards making the state self reliant and exploring all such possibilities

RBI gives Covid-hit MSMEs one more window for restructuring loans

Businesses that didn't slip into NPA till March 1, and were treated as 'standard' accounts will benefit from the scheme which will have to be implemented by March 1, 2021

Banks sanction Rs 1.38 trn loans to MSMEs under credit guarantee 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