SAP launches program for MSMEs
As part of this initiative, the company will offer MSMEs free access to its B2B marketplace Ariba Networks till the end of this year.
Bank of Maharashtra sanctions nearly Rs 2800 crore to MSMEs during pandemic
Under Covid-19 over one lakh borrowers were sanctioned Rs. 1653 c...
World Bank approves $750 million fund to support Covid-hit MSMEs
This programme will address the immediate liquidity and credit needs of some...
19% of MSMEs eligible for govt guarantee in high-risk category: CIBIL
According to TU Cibil analysis, 28% of the MSMEs have a CMR between 1 to 3 which makes them super-prime borrowers and the least likely to default.
Unbroken link: How tie-ups with MSMEs helped large players
No large player can execute a big project on its own strength. It requires the load-bearing capacity of several small and micro players who, in turn, depend on the financial prowess of the large company.
Banks sanction about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme
The scheme will be applicable to all loans sanctioned under GECL facility during the period from the date of announcement of the scheme to October 31 or till the amount of Rs 3 lakh crore is sanctioned under GECL, whichever is earlier.
SBI readies Rs 1,000 crore B2B e-market only for MSMEs
YONO is currently used by the bank to hawk its products and as an e-commerce platform. It is expecting regulatory clearances to come through as the B2B marketplace is not going to earn it revenue but help with its banking business.
View: India needs to turn Covid into an opportunity for MSMEs to flourish
Even pre-pandemic and lockdown(s), MSMEs were plagued by low competitiveness. Most small firms were stuck in a vicious cycle of informality and low productivity, resulting in most remaining stunted, with 95% units employing less than five people.
New portal to simplify, expedite loan for MSMEs: Minister
Speaking at a meeting with senior bank officials and industrialists here, Velumani said the portal would be helpful to banks and industrialists.
Instamojo launches InstaCash to solve the liquidity challenge for MSMEs
The company has also introduced mojoPlus which enables merchants to earn points on transactions and redeem it to avail discounts on Instamojo fees.
CIA comes together over the 'Distressed Assets Funds-Subordinate Debt for MSMEs.'
This is the credit guarantee scheme for sub-ordinate debts, providing relief to 2 lakh MSMEs. According to the Government, this Scheme will support promoters of the operational MSMEs which are financially stressed under banking rules.
New MSME framework may pose infrastructure problems
The framework applies on MSMEs with up to Rs 250 crore yearly turnover and Rs 50 crore investment in plant and machinery.
The pandemic has a lesson for small businesses: It pays to be financially literate
You do not need a degree in accountancy or economics to run your business, but financial literacy is the need of the hour.
Govt needs to pay GST revenue to states in advance, clear pending dues to MSMEs, say industry experts
States are in dire need of money and the Centre can help them by paying GST revenue in advance and clearing all the pending dues of states and MSMEs, Naushad Forbes, past president of CII said.
Andhra CM releases 2nd installment of Rs 512 crore to MSMEs, spinning mills to be focus next
The state government had released the first installment of Rs 450 crore in May this year during the lockdown.
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