Page 25 - Msmes

MSME plays key role in becoming $5 trillion economy, says Union minister

He said earlier Indian companies used to export material and import finished goods due to lack of technology availability

Dedicated govt fund for MSMEs will spur sector's growth: PHDCCI chief

While a lot of announcements have been made by the government in the last few months, public sector undertakings continue to pay late, says PHDCCI chief D K Aggarwal

HDFC Bank's wholesale book has grown at 27% CAGR in three years

The bank has an optimistic outlook on the credit demand from the corporate and SME sector

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.

Rajnath invites pvt sector for 'active participation' in defence industry

Singh also said the Centre is committed in exploiting the entrepreneurship spirit of private defence sector and ready to interact and resolve their problems

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Banks slippages to continue due to stress from various sectors: ICRA

The private banks, due to their higher credit cost in FY20, will see muted RoE at 9-10 per cent

Cost of refinancing loans against property is on the rise for shadow banks

Both non-banking financial companies (NBFCs) and housing finance companies (HFCs) are shying away on such loans to micro, small and medium enterprises (MSMEs)

FM Nirmala Sitharaman announced loan 'mela' despite banks' reluctance

PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

Govt proposes to significantly reduce fees for IPRs for MSMEs, startups

For design applications filing, fees for MSMEs and startups will be reduced to Rs 1,000 from Rs 2,000, the ministry said

Govt's big plan to push EVs: Rs 40,000-crore subsidies in the works

The proposed move is expected to benefit micro, small and medium enterprises

Govt launches updated Credit linked Capital Subsidy Scheme for MSMEs

Centre to prepare report on U K Sinha panel's recommendations within 8 days

Fintech committee recommends new legal framework for consumer protection

The Steering Committee on fintech-related issues has also suggested cash flow-based financing for micro, small and medium enterprises

Cotton spinners bleed on falling realisation, several MSMEs shut shop

Pressure exacerbated by increasing labour costs, interest on working capital, land, plant and machinery

UP govt to tap World Bank arm IFC for easy capital flow to MSME sector

IFC country head likely to visit Lucknow soon to hold further talks

Gadkari's mega plan for small biz: Record 100,000 new MSMEs this fiscal

Ministry also targets 66% rise in credit, setting up of 400 clusters and Rs 50,000 cr in procurement from sector

Industry backs govt's move to have a single definition for small businesses

However, they are opposing the decision to base definition only on annual turnover

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

All pending GST refunds to MSMEs will be made in 30 days: FM Sitharaman

Also, in future, all GST refunds of micro, small and medium enterprises (MSMEs) will be paid within 60 days from the date of application, the FM announced