Page 27 - Msmes

Yogi govt to tie up with micro lenders for small business funding

UP govt plans to integrate MFI channel with its flagship One District One Product scheme

CRISIL SME tracker: TReDS will materially change MSME credit access

Bank credit to micro and small enterprises (MSEs), especially in manufacturing, has shown no signs of growth in the past two fiscal years, and actually declined for medium enterprises

MSME outreach drive starts today: Loan approvals for Rs 1-10 mn in 59 mins

Industry leaders said the government's outreach programme is needed to boost trade and industry's confidence

FM Arun Jaitley launches portal to grant MSME loans within an hour

The web portal, www.psbloansin59minutes.com, will enable in-principle nod for loans up to Rs 10 million within 59 minutes for MSMEs, Rajiv Kumar said

Satya MicroCapital raises Rs 400 mn in NCDs to widen MSME loan base

Satya MicroCapital, the fastest growing Indian micro-finance institutions, has issued Non-Convertible Debentures (NCDs) worth Rs. 40 crore from Microfinance Enhancement Facility S.A. (MEF)."The funds raised will help us scale up our operational base, capital base and reach more entrepreneurs by developing innovative credit offerings for micro, small, and medium enterprises across the country," said MD & CEO, Satya MicroCapital, Vivek Tiwari.Satya MicroCapital Limited is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralized approval system.The company has adopted a unique Limited Liability Group (LLG) Model for extending loans and ensuring repayment. The company's LLG model distributes the liability among each group member which exists only up to 10 installments in bi-weekly collections.Through the model, the company aims to add a social touch to lending by integrating modern technology into the Micro Finance .

After Malaysia, South Korea, NSIC to sign MoU with Russia to support MSMEs

Mini ratna PSU National Small Industries Corporation Ltd (NSIC) will sign a memorandum of understanding (MoU) with Russia to facilitate, assist and provide necessary support to MSMEs (micro, small & medium enterprises) of both the countries."We will sign a pact with Russia's Small and Medium Enterprises Corporation which comes under the Ministry of Economic Development. With the pact, MSMEs of India and Russia will come together. There will be joint ventures, transfer of technologies , new business opportunities, among others", said Ravindra Nath, chairman cum managing director of NSIC.In the past, NSIC had signed pact with Malaysia and South Korea to facilitate, assist and provide necessary support to MSMEs of both the countries to identify and exchange latest technologies, he added.NSIC has established incubation centres at Ethiopia, Rwanda, Egypt, Burundi, Burkina Faso and Zimbabwe. It plans to set up one more at Mozambique.Recently, the central PSU also signed a MoU with SAP ..

40 million jobs generated by MSMEs in last 4 years, says Giriraj Singh

Large number of employment opportunities were generated through initiatives like collateral free loans to 160,000 entrepreneurs between 2014-18, linking 150,000 people to the PM's Employment

MSMEs to be next growth driver for bank as corporate credit to give pain

Because the proportion of customers with two or more loans and availing a third one went up from 34% in Q2 of 2015 to an estimated 44% in Q2 of 2017

Lack of e-payment solutions a bottleneck for MSMEs

Vantage point: Insights from cutting-edge research

MSMEs worst hit as GST glitches delay input credit refunds: Report

The weak credit profile and risk weights attached to the loans extended to MSMEs in banks' books could force these companies to resort to borrowings from non-bank finance companies

Mundra makes a 'strong' case for lending to MSMEs

There are about 48 million MSME entities in the country

NSE signs pact with Andhra Pradesh to help small businesses get listed

Top stock exchange NSE today inked a pact with Andhra Pradesh government to help micro, small and medium enterprises (MSMEs) in the state to raise capital through listing on the bourse's platform. As per the memorandum of understanding (MoU), the AP government would facilitate MSMEs to get listed on NSE Emerge, the platform for small and medium enterprises, by supporting such firms financially or otherwise, in bearing the expenses related to listing. "A fund is also being created by the Andhra Pradesh government to encourage investors to invest in the fast growing SMEs in the state, on the exchange platform," NSE said in a statement. The MoU was signed between AP government's industries, commerce & export promotion Commissioner Siddhartha Jain and NSE's Chief Business Development Officer Ravi Varanasi, at Vijaywada in AP. The pact was signed on the occasion of the International Day for MSMEs being celebrated today. The NSE will be hand-holding small and medium through

Crisil SME tracker: For MSMEs in broiler farming, feast has only just begun

Feed prices are expected to remain favourable in fiscal 2018

Over 1.1 mn jobs created through MSME schemes in last 3 yrs: Kalraj Mishra

Union Minister Kalraj Mishra today said that around 1.1 million jobs have been created in the last three years under the flagship scheme of the MSME Ministry -- the Prime Minister's Employment Generation Programme, debunking claims of 'jobless growth' in the three years of the Narendra Modi-led NDA governmentHe said that those making such assertions were far removed from reality. Sharing job numbers created from various schemes under the micro, small and medium enterprises (MSME) Ministry, Mishra said efforts were being made towards employment generation.However, he admitted that there were "difficulties initially" and some job losses after demonetisation, adding that the jobs were restored after a few months.Asked about the implications of the rollout of Goods and Services Tax on the MSME sector, the Minister said if there are difficulties, the government will think over them.The excise duty exemption limit for micro, small and medium enterprises (MSME) is Rs 1.5 crore at present. ...

Rs 100-cr fund to help MSMEs decipher tech compliance

The cash will not be transferred to the companies but used to set up help desks

Govt proposes subsidy for MSMEs deploying cloud computing

The subsidy will be provided on user charges for 2 years

Cash credit limit for MSMEs raised to 30% : Meghwal

India's cash GDP ratio was at 12%, compared to 4% of developed countries, says Meghwal

SME lenders laud govt's move

NBFCs have been brought under the enhanced credit guarantee scheme for SMEs

For MSMEs, legal constitution can lead to customer stability, faster growth

Micro, small and medium enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership).CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. The analysis revealed that the companies saw a compound annual growth rate (CAGR) of 16 per cent, while the firms grew at 10 per cent. Furthermore, about 67 per cent of the companies had a stable customer base, with a vintage of more than five years, as against 50 per cent for firms. Notably, about 85 per cent of CRISIL's top-rated MSMEs have shown stability in their customer base with a vintage of more than five years, as it is one of the rating yardsticks for evaluating the performance of an entity.CRISIL believes this could be a plausible reason large why corporates prefer to deal with companies - they are perceived to be more transparent in their transactions. A legal constitution will usher

MSMEs in Odisha require 0.1 million tonne coal in FY17

Coal requirement of a small and medium units is calculated by a joint capacity assessment made by concerned District Industries Centre