Union Bank sets up emergency funding line for corporates, MSMEs
Public sector banks, including State Bank of India, Bank of Baroda and Indian Bank, have already rolled out similar lines of credit for their customers to meet any liquidity mismatches.
Covid-19: Task force to map technologies to fund nearly market-ready solutions
Nodal officers of ministries and departments concerned have be...
Proposal for relief to MSME sector on account of coronavirus
Union Minister Nitin Gadkari said the MSME sector is facing a big challenge on a...
After green shoots in Q3, NBFCs’ credit demand may halve this quarter
NBFCs which have been struggling for the most part of last year were seeing some signs of a revival, after the fall in credit demand was much smaller in the December quarter.
Raising IBC threshold will significantly help MSMEs: Mythili Bhusnurmath
This will give MSMEs leverage to continue operations, says Consulting Editor of ET Now.
A quarter of MSMEs may shut shop if the lockdown persists
19% to 43% of the MSMEs may disappear if the crisis persists 4 or 8 weeks.
MSME lender Aye Finance announces expansion plans for FY 21
After covering 5,500 pin codes in India, Aye Finance plans to expand to 2,000 additional pin codes by the end of FY 2021.
Covid-19: FM Nirmala Sitharaman takes stock of situation, holds meeting with four ministries
On Thursday, Prime Minister Narendra Modi in his address to the nation had said the government is setting up a 'Covid-19 Economic Response Task Force' to decide on relief package for sectors hit by the coronavirus outbreak.
Trinamool member asked to remove locket inscribed with 'NO NRC, NO CAA' in Rajya Sabha
When TMC MP Dola Sen started speaking during a discussion on the working of the MSME Ministry, the chair asked her to remove the locket, saying she should respect the dignity of the House. Sen said that it was an ornament, but she removed it after the chair insisted.
Lakshmi Vilas Bank bets on gold biz, MSMEs for business revival
Lakshmi Vilas Bank has adopted a strategy to conserve whatever capital it has ahead of the fiscal-year end.
Not having to pay at this time is the right thing: SMEs on RBI's Covid-19 moratorium
The problem with this crisis is, no one knows when it would be over. Even the RBI hopes the pandemic will fizzle out in three months, but that time frame is up in the air. In such a scenario, is the period of three months enough?
Tata Steel branded business to grow 10% in FY20
Consumption is almost equally distributed among both retail and MSMEs. “Our branded steel business is growing at 10 per cent even though the sector is expanding by only 5 per cent,” Tata Steel chief marketing and sales (branded products) Sanjay S Sahni said.
Not easy for entrepreneurs to avail bank loans: Nitin Gadkari
Referring to the need for cutting delays in decision making or project implementation, the minister said he has started a practice of maintaining timeline so as to expedite and monitor the process. He said the government is working on launching a new website for MSME sector on the lines of Alibaba platform for marketing MSME products.
Creditors can choose to stop supplies to companies under IBC: House Panel
Out of claims of around Rs 8.4 lakh crore, the realisable amount is about Rs 3.57 lakh crore, or 43% of the total claims under the code, said the report.
Govt plans to rank states on their efforts to promote MSMEs
AK Panda said that while MSMEs contribute around 45% to the country’s exports, there are only 33,000 registered MSME exporters, and that many such enterprises route their products through larger export houses.
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