Page 3 - Msmes

What does the informal sector want from Budget 2022?

The pandemic proved to be devastating for the informal sector. Its representatives asked FM Nirmala Sitharaman to extend support in the upcoming Budget. Take a peek into the condition of this sector

52% of Indian MSMEs saw a positive impact post pandemic: PayPal survey

Study says 29% of MSMEs felt business environment in India became more favourable for online sales; for 31% cross-border opportunity was promising

State Bank of India to get Rs 974 cr for 'interest on interest' payment

The cabinet committee on economic affairs (CCEA) has also approved an equity infusion of Rs 1,500 crore in IREDA

Piyush Goyal appeals to industry to prepay MSMEs to boost employment

Piyush Goyal asked industry bodies to prepay Medium, Small and Micro Enterprises (MSME) to safeguard their viability and to boost employment and growth.

Piyush Goyal urges industry to make advance payments to pendemic-hit MSMEs

Says govt is striving to sign early harvest agreements with several countries; while FTA with UAE is nearing conclusion, talks with Australia for interim deal are at an advanced stage

External forces were active at protest site: Sterlite Copper COO

Sterlite Copper claimed that the production halt at its Thoothukudi unit had led to a loss of over $1.2 billion

Budget 2022-23: Worst-hit sectors may get credit guarantee breather

Budget may extend ECLGS, loan guarantee schemes for MSMEs, hospitality, tourism

Recast scheme to stay afloat, says RBI Trend & Progress report

The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit.

Amount recovered through various channels dropped in 2020-21: RBI report

The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act

Central Bank of India, U GRO tie up for co-lending to MSMEs

The disbursement will be to U GRO Capital's varied MSME segments under its programs - Pratham, Sanjeevani, Saathi, GRO MSME and machinery financing

Rahul Gandhi attacks govt over closing down of MSMEs during pandemic

The government, he said, has admitted in Parliament that nine percent Micro Small and Medium Enterprises (MSMEs) have shut down during the pandemic

9% MSMEs closed down due to Covid as of August 2020, says govt

An online survey of 5,774 MSMEs was carried out

Over 50,000 MSMEs in Coimbatore to down shutters on December 20

Over 50,000 MSMEs in the district would participate in the one-day closure of industries on December 20 to draw the attention of the Centre on issues, including skyrocketing price of raw materials.

ECLGS helped many small businesses sail through financial woes: Survey

The survey conducted by credit information company Transunion Cibil on 756 companies also said that 68 per cent were confident about a future positive outlook

PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt

While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured

Kinara Capital appoints cricketer Ravindra Jadeja as brand ambassador

Kinara Capital, an innovative fast-growing fintech serving India's MSMEs, today announced that it has signed the Indian cricket team's shining star, Ravindra Jadeja, as its official brand ambassador

Govt to help restart MSMEs which shut down during pandemic: Rane

The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level meeting has been held in this regard

After big-ticket recoveries, SBI turns to MSME and retail borrowers

According to SBI, at least 30-40 per cent of people pay following a call

Industry may move court against Haryana's 'restrictive' job reservation law

Law mandating 75 per cent reservation of jobs in the private sector for locals will hit small businesses hard.

B2B player Solv crosses Rs 1,200 cr transaction run rate with 100,000 MSMEs

The pureplay marketplace plans to triple transaction volumes on its platform in 12 months, on the back of a robust KYC-verified MSME customer base