Increased govt. sourcing, 2% subvention for loans a boost for MSMEs
5 years, 11 months ago

Increased govt. sourcing, 2% subvention for loans a boost for MSMEs

The Hindu  

The micro, small and medium enterprises sector, the cornerstone of Indian economy, has got a boost in the Interim Budget, with the government offering 2% subvention for loans up to ₹1 crore and extending the Government eMarketplace platform to support domestic services and trade. Most importantly, the government has opened a new market for the home-grown entrepreneurs by allowing sourcing from MSMEs through government up to 25%, including 3% from women-run organisations.” Decision to source 25% material from SMEs is a case of leading by exampleSunil Gupta,founder, ExportersIndia.com The government has increased the share of its procurements from MSMEs through GeM to 25%. Mr. Sunil Gupta, founder and director, ExportersIndia.com, said, “In government projects, the decision to source 25% material from SMEs and 3% from only women-owned SMEs, is a case of leading by example. These measures, along with digitisation and automation, will help the SMEs and online businesses become a bigger force to reckon with.” Talking about Trade Receivables Discounting System that has enabled working capital finance to MSMEs, Kalyan Basu, MD & CEO, A.TReDS Ltd., said, “In the 2018 Budget, Arun Jaitley proposed to bring public sector banks and corporates to the platform and link it with the GSTN.

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History of this topic

Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore
6 days, 23 hours ago

Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore

The Hindu  

Financial Services Secretary M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore. "We are likely to come up with a scheme, which was announced by Finance Minister in her last Budget, that could provide loans up to ₹100 crore without guarantee, if they are …

Top 10 MSME Loan Schemes in India for Growth and Expansion
1 week, 2 days ago

Top 10 MSME Loan Schemes in India for Growth and Expansion

India TV News  

Substantial steps have been taken by the Indian government and financial institutions to provide adequate loans for micro, small, and medium enterprises to foster growth without interruption. 3. Credit Guarantee Fund Scheme for Micro and Small Enterprises Small businesses often lack collateral when applying for loans, making them considered high-risk borrowers, which can result in loan application denials. To assist, …

High interest rates big deterrent for MSME exporte​rs; working with finmin on this: DGFT
4 weeks ago

High interest rates big deterrent for MSME exporte​rs; working with finmin on this: DGFT

Live Mint  

New Delhi, Dec 18 The country's high interest rates are a big deterrent for exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance …

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal
1 month, 1 week ago

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal

Live Mint  

Commerce and industry minister Piyush Goyal on Thursday said the government is open to offering concessional rates for micro, small, and medium enterprises setting up businesses in industrial townships across the country. Speaking at an event organized by industry body Assocham, Goyal emphasized the government's efforts to simplify business processes, reduce compliance burdens, decriminalize laws, and create a supportive environment …

India: Govt Plans New Financing for MSMEs
1 month, 1 week ago

India: Govt Plans New Financing for MSMEs

Deccan Chronicle  

New Delhi: The Modi-led NDA government is open to exploring some alternate financing models for micro, small, and medium enterprises where the concerned ministry can earmark particular areas in the proposed industrial townships for the MSMEs. The statement of the government comes at a time when small business houses in the country are reportedly facing specific issues in accessing bank …

India: MSMEs Need Boost in Credit Access: Assocham
1 month, 2 weeks ago

India: MSMEs Need Boost in Credit Access: Assocham

Deccan Chronicle  

New Delhi: In order to boost credit access for small and medium businesses in the country, India Inc on Thursday called for enhancing the role of banks and other financial institutions to reach them and address their challenges. Leading industry body Assocham in collaboration with Egrow Foundation, conducted an in-depth study on 'MSMEs facing challenges with a quantitative data of …

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model
Trending News
2 months ago

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model

ABP News  

Union Finance Minister, Nirmala Sitharaman, on Saturday said that a new credit assessment model by public sector banks will be rolled out soon. This model will help the Ministry of Micro, Small and Medium Enterprises get collateral-free loans of up to Rs 100 crore. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, the FM said that the problems …

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman
2 months ago

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman

Hindustan Times  

New Delhi: The government is all set to launch a collateral-free term loans scheme for micro, small and medium enterprises to boost their manufacturing capabilities, finance minister Nirmala Sitharaman said on Saturday, adding that the scheme will be placed before the Cabinet soon. Introduction of a new credit guarantee scheme will have to go to the Cabinet “sooner” which will …

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’
4 months ago

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’

The Hindu  

Micro, small and medium enterprises have taken ₹999 crore investments till July this year from the NSIC Venture Capital Fund, which has a corpus of ₹10,000 crore as ‘mother fund’, according to the National Small Industries Corporation. P. Ravi Kumar, chief general manager of the National Small Industries Corporation, said in Coimbatore on Tuesday that as part of the Self-Reliant …

MUDRA loan limit hike, credit guarantee scheme for MSMEs
5 months, 3 weeks ago

MUDRA loan limit hike, credit guarantee scheme for MSMEs

New Indian Express  

NEW DELHI: In their efforts to revitalise the ailing MSME sector, the backbone of the Indian economy and creator of crores of jobs, the NDA government has come up with a slew of reforms. Finance Minister Nirmala Sitharaman on Tuesday informed that the government is increasing the limit for MUDRA loans for Micro, Small and Medium Enterprises from Rs 10 …

How New Mudra Loan Limit Of Rs 20 Lakh Will Support MSMEs, Who Can Avail The Scheme
5 months, 3 weeks ago

How New Mudra Loan Limit Of Rs 20 Lakh Will Support MSMEs, Who Can Avail The Scheme

News 18  

In the Budget 2024, Micro, Small, and Medium Enterprises will now be able avail loans of up to Rs 20 lakh instead of the current Rs 10 lakh under the Mudra scheme, finance minister Nirmala Sitharaman said on Tuesday. During the interim budget presentation earlier this year, the government extended 43 crore loans aggregating to Rs 22.5 lakh crore under …

The Need to Bolster Institutional Low-Cost Credit to MSMEs
11 months, 2 weeks ago

The Need to Bolster Institutional Low-Cost Credit to MSMEs

News 18  

The Micro, Small and Medium Enterprises are critical to unlocking the potential of India envisioned under the ‘Make in India’ campaign. The Parliamentary Standing Committee on Finance, in its report titled ‘Strengthening Credit Flows to the MSME Sector’, exposes the fact that less than 40 per cent of MSMEs avail credit from formal financial systems, and therefore depend on costly …

Revamped credit scheme to provide additional collateral-free credit for MSMEs
1 year, 11 months ago

Revamped credit scheme to provide additional collateral-free credit for MSMEs

Live Mint  

With her fifth budget, Finance Minister Nirmala Sitharaman proposed a special focus on the Micro, Small, and Medium Enterprises sector in the Union Budget 2023. The finance minister announced a revamped credit guarantee scheme to provide MSMEs with more collateral-free credit. According to the FM, the updated Credit Guarantee Scheme for MSMEs would go into operation on April 1, 2023, …

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs, says FM
1 year, 11 months ago

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs, says FM

Firstpost  

New Delhi: A revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will be launched from 1 April, Finance Minister Nirmala Sitharaman said on Wednesday. An integrated IT portal will be launched for reclaiming unclaimed shares and dividends, she said, adding the government would also set up a single window system for registrations and approvals in …

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs: FM
1 year, 11 months ago

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs: FM

Deccan Chronicle  

New Delhi: A revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will be launched from April 1, Finance Minister Nirmala Sitharaman said on Wednesday. An integrated IT portal will be launched for reclaiming unclaimed shares and dividends, she said, adding the government would also set up a single window system for registrations and approvals in …

Federal Bank: Redefining banking digitally and sustainably
1 year, 11 months ago

Federal Bank: Redefining banking digitally and sustainably

Live Mint  

Federal Bank is one of the leading and preferred Personal, NRI and business banking partners for customers across India. Strong momentum in credit growth SME book grew by 20% YoY Retail book up by 18% YoY Business banking book up by 18% YoY Corporate book up by 19% YoY Commercial credit book grew by 18% YoY CV/CE business grew by …

Cabinet approves Rs12,882 crore for continuation of development schemes in Northeast
2 years ago

Cabinet approves Rs12,882 crore for continuation of development schemes in Northeast

Live Mint  

The Union Cabinet has approved continuation of schemes of Ministry of Development of North Eastern Region with an outlay of ₹12,882 crore, for the balance period of the 15th Finance Commission. Based on the Expenditure Finance Committee recommendations, the outlay for the North East Special Infrastructure Scheme will be ₹8,139.5 crore including committed liabilities of ongoing projects. The MDoNER Schemes …

Credit to MSMEs gathers pace, but needs a tech push
2 years, 3 months ago

Credit to MSMEs gathers pace, but needs a tech push

Live Mint  

Bank credit to micro, small and medium enterprises has fluctuated for most of the pandemic. Traditionally, public sector banks led credit disbursement to MSMEs, with a 50% share prior to 2019. iPhone sales in India headed for another record IT companies likely to slash campus hiring in FY24 What lies next for India’s shaky exports story Marico’s Q2 update fails …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

49,608 MSMEs registered in State: Minister
2 years, 4 months ago

49,608 MSMEs registered in State: Minister

The Hindu  

As many as 49,608 micro, small, and medium enterprises have registered in the State till Wednesday, Minister for Industries P. Rajeeve has said. Replying during Question Hour in the Assembly on Wednesday, the Minister said the year 2022-23 was being observed as the ‘Year of Entrepreneurship,’ and the target was to start one lakh MSMEs this financial year. “As part …

MSME sector records credit growth of 14% in 2022-23, says SBI Research report
2 years, 5 months ago

MSME sector records credit growth of 14% in 2022-23, says SBI Research report

Firstpost  

SBI Research said in its weekly report ‘Ecowrap’ that the sector has expanded by Rs 52,800 crore against degrowth of Rs 61,000 crore during the similar period of the previous year New Delhi: Credit growth to the Ministry of Micro, Small & Medium Enterprises sector has expanded by Rs 52,800 crore in the current financial 2022-23 year against degrowth of …

Innovations can plug the growth capital gap of MSMEs
2 years, 6 months ago

Innovations can plug the growth capital gap of MSMEs

Live Mint  

India has over 7.9 million micro, small and medium enterprises, as of 27 March 2022, as reported by the MSME Ministry. The credit gap translates into a ‘growth capital gap’, especially for innovative and high-growth MSMEs seeking a radical pivot in their business models or overseas expansion. While RBI will need to make it mandatory for all MSMEs and large …

Top 5 government business loan schemes in India in 2022
3 years ago

Top 5 government business loan schemes in India in 2022

India Today  

The Government of India initiates various schemes and policies to bring a change in the economic condition of the country. Here is the list of the top 5 government business loan schemes in 2022: Top 5 government business loan schemes in 2022: MSME Loan Scheme The loan was introduced by the Government of India focusing on the working capital loan …

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India
3 years, 6 months ago

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India

News 18  

The small-scale business sector, also known as Small and Medium Enterprises sector, contributes around 40% to the total GDP of India. Here are the schemes offered by the government – MSME government business loan scheme – The Government of India launched this scheme as a working capital loan, and an MSME can get a loan sanctioned of Rs. MUDRA business …

RBI Loan Restructuring of up to Rs 50 Cr for MSMEs: Eligibility, Other Criteria
3 years, 7 months ago

RBI Loan Restructuring of up to Rs 50 Cr for MSMEs: Eligibility, Other Criteria

News 18  

In a bid to provide relief amid the second wave of COVID-19 pandemic, Reserve Bank of India announced doubling of loan restructuring limits for micro, small and medium enterprises and small borrowers to Rs 50 crore. “With a view to enabling a larger set of borrowers to avail of the benefits under Resolution Framework 2.0, it has been decided to …

RBI's Rs 16,000-Cr Gift to MSMEs; Loans of Up to Rs 50 Cr Can Be Restructured
3 years, 7 months ago

RBI's Rs 16,000-Cr Gift to MSMEs; Loans of Up to Rs 50 Cr Can Be Restructured

News 18  

In a bid to provide relief to micro, small and medium enterprises amid the second wave of coronavirus outbreak, the Reserve Bank of India on Friday extended a special liquidity facility of Rs 16,000 crore to Small Industries Development Bank of India. “To further support the funding requirements of micro, small and medium enterprises, particularly smaller MSMEs and other businesses …

Yes Bank aims to disburse ₹10,000 cr retail, MSME loans in Dec quarter
4 years, 1 month ago

Yes Bank aims to disburse ₹10,000 cr retail, MSME loans in Dec quarter

Live Mint  

Yes Bank aims to disburse retail and small business loans worth ₹10,000 crore in the current quarter of the financial year and plans to expand the portfolio to over 60% of its loan book by 2023, a top official said on Tuesday. Following the road map to become a truly digital retail bank, we are innovating constantly to meet these …

Good news for MSME, housing, education loan borrowers ahead of Diwali, govt likely to waive interest on interest
4 years, 2 months ago

Good news for MSME, housing, education loan borrowers ahead of Diwali, govt likely to waive interest on interest

India Today  

Ahead of Diwali, a category of borrowers with up to Rs 2 crore loan for MSME, housing, education and five other categories are likely to get some relief as the government is said to have decided to waive "interest on interest" on loans up to Rs 2 crore during the six-month moratorium period, announced by the Reserve Bank of India …

Govt Ready to Waive Interest on Loans Up to Rs 2 Crore, Says it’s the ‘Only Solution’ Amid Pandemic
4 years, 3 months ago

Govt Ready to Waive Interest on Loans Up to Rs 2 Crore, Says it’s the ‘Only Solution’ Amid Pandemic

News 18  

In a huge relief for individual and MSMEs borrowers, the central government on Friday told the Supreme Co urt that it will be waiving interest on the repayment of loans of up to Rs 2 crore, frozen by the RBI in a six-month moratorium granted because of the COVID-19 pandemic. “This category of borrowers, in whose case the compound interest …

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman
4 years, 5 months ago

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

India TV News  

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday. The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with …

PSU lenders are working to help MSMEs get easy loans
4 years, 6 months ago

PSU lenders are working to help MSMEs get easy loans

Live Mint  

Acknowledging that there is a disconnect between lending policies to micro, small and medium enterprises drafted by senior bank officials, and implementation at the branch level, public sector banks are now offering help to business owners to navigate through periods of stress. The MSME sector had a lot of sick units even before covid-related challenges at the operating level and …

Bank of Maharashtra sanctions Rs 2,789 cr loans to MSMEs, others
4 years, 7 months ago

Bank of Maharashtra sanctions Rs 2,789 cr loans to MSMEs, others

India TV News  

State-owned Bank of Maharashtra on Sunday said it has sanctioned loans worth Rs 2,789 crore to MSME, self-help group, agricultural and retail borrowers to help them meet their liquidity mismatches caused due to coronavirus crisis over the last three months. "We have sanctioned loans amounting to Rs 2,789 crore under agriculture, SHGs, Retail, MSMEs with almost one lakh beneficiaries between …

Bank of Baroda to offer up to Rs 12 thousand crore loans to MSMEs under credit guarantee scheme
4 years, 7 months ago

Bank of Baroda to offer up to Rs 12 thousand crore loans to MSMEs under credit guarantee scheme

India TV News  

State-run Bank of Baroda on Saturday said it can offer up to Rs 12,000 crore in loans to MSMEs under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme announced by the government. Last week, Finance Minister Nirmala Sitharaman had announced a 100 per cent credit guarantee scheme worth Rs 3 lakh crore to support the medium, small and …

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur
4 years, 7 months ago

It’s only a pause, more steps to come to deal with covid-19 crisis: Anurag Thakur

Live Mint  

The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India ‘Atmanirbhar Bharat’, Minister of State for Finance Anurag Thakur said. Only this Sunday, he said, the government on the direction of Prime Minister Narendra Modi announced a comprehensive economic …

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
4 years, 7 months ago

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

Firstpost  

The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs New Delhi: The government has notified amendments to General Financial Rules to ensure that goods and services valued less than Rs 200 crore are being procured from …

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
4 years, 8 months ago

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

Firstpost  

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said Mumbai: The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said. “The measures for MSME through …

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class
4 years, 8 months ago

Government announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a series of relief measures spanning across the micro small and medium enterprise, power, real estate sectors, besides providing a slew of temporary changes to the direct tax collection rules. In capital infusions, the government announced a Rs 3 lakh crore collateral-free automatic loan facility for businesses, for which the government would …

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs
4 years, 8 months ago

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs. Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses. This will benefit 45 lakh small businesses, she said detailing parts of the …

Payment of wages by MSMEs: Govt mulls credit guarantee scheme for loans
4 years, 8 months ago

Payment of wages by MSMEs: Govt mulls credit guarantee scheme for loans

India TV News  

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends …

SBI to disburse Rs 700 cr to Mumbai circle MSMEs by June-end
4 years, 8 months ago

SBI to disburse Rs 700 cr to Mumbai circle MSMEs by June-end

India TV News  

State Bank of India, the country's largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the COVID-19 lockdown. "SBI will boost flow of credit to MSMEs in this challenging period by reassessing their working capital limit and also …

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct
5 years, 3 months ago

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct

Firstpost  

Bank loan disbursements to the MSME sector stood at Rs 11.83 lakh crore in 2018-19, as against Rs 8.53 lakh crore done in 2017-18 New Delhi: In a bid to boost lending, the government on Thursday asked public sector banks to hold ’loan melas’ in 400 districts to lend to desirable shadow banks and retail borrowers, and said no stressed …

Instamojo disburses ₹110 crore in small loans to MSMEs within a year
5 years, 4 months ago

Instamojo disburses ₹110 crore in small loans to MSMEs within a year

Live Mint  

Bengaluru: Instamojo Technologies Pvt. Ltd, a payment platform that caters to micro, small and medium enterprises, has disbursed around ₹110 crore worth of ‘sachet loans’ worth ₹10,000-12,000 to MSMEs, within 12 months after the launch of this service, according to a top company executive. MSMEs usually depend on unorganized sources like self-help groups, friends, families, to get quick working loans, …

PNB sanctions debt worth ₹689 cr to 1,600 MSMEs via 59minute loan portal
5 years, 10 months ago

PNB sanctions debt worth ₹689 cr to 1,600 MSMEs via 59minute loan portal

Live Mint  

State-owned Punjab National Bank has sanctioned loans worth ₹689 crore to over 1,600 Micro, Small and Medium Enterprises through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under this initiative, the bank has sanctioned loans to over 1,600 accounts with total sanctioned amount of ₹689 crore," PNB managing director Sunil Mehta told PTI. With regard to …

Bad loans under Pradhan Mantri Mudra Yojana stands at Rs 7,277 cr till March 2018
5 years, 11 months ago

Bad loans under Pradhan Mantri Mudra Yojana stands at Rs 7,277 cr till March 2018

Firstpost  

Loans extended under PMMY from inception of the scheme up to March 2018 by all member lending institutions were Rs 5.71 lakh crore, New Delhi: The government on Tuesday informed Parliament that loans worth Rs 7,277.31 crore of public sector banks under Pradhan Mantri Mudra Yojana have turned bad at the end of March 2018. Loans extended under PMMY from …

NPA under Mudra Yojana stands at ₹7,277 crore
5 years, 11 months ago

NPA under Mudra Yojana stands at ₹7,277 crore

Live Mint  

The government Tuesday informed Parliament that loans worth ₹7,277.31 crore of public sector banks under Pradhan Mantri Mudra Yojana have turned bad at the end of March 2018. Loans extended under PMMY from inception of the scheme up to March 2018 by all member lending institutions were ₹5.71 lakh crore, Minister of State for Finance Shiv Pratap Shukla said in …

Central bank’s MSME loan recast to help lower lenders' credit cost; move to improve fund flow to sector: Report
6 years ago

Central bank’s MSME loan recast to help lower lenders' credit cost; move to improve fund flow to sector: Report

Firstpost  

The report, however, said the restructuring scheme may encourage some MSME borrowers, who are otherwise operating satisfactorily, to opt for the scheme and thus impair the credit discipline. Mumbai: The Reserve Bank of India’s special loan restructuring scheme for stressed but standard Micro, Small and Medium Enterprises accounts may give some relief to the lenders on their bad loan recognition …

Opinion | Going beyond the credit requirements of MSMEs
6 years, 2 months ago

Opinion | Going beyond the credit requirements of MSMEs

Live Mint  

The announcement of support to micro, small and medium enterprises by Prime Minister Narendra Modi last week had both economic and political rationales behind it. While an increase in the flow of credit will benefit the sector, banks and financial institutions would do well to not dilute their credit appraisal criteria. Coming back to credit, as mentioned above, it is …

The need for a boost to MSME sector
6 years, 2 months ago

The need for a boost to MSME sector

Live Mint  

Prime Minister Narendra Modi’s Diwali package for micro, small and medium enterprises may be late in the day, but it’s nevertheless a boon, particularly the interest subvention and the measures to see that bills are paid on time. According to the MSME Pulse report, for public sector banks, the level of non-performing assets among MSMEs went up from 13% in …

Prime Minister Narendra Modi's Diwali gift to MSMEs: Good news, but implementation will be key
6 years, 2 months ago

Prime Minister Narendra Modi's Diwali gift to MSMEs: Good news, but implementation will be key

Firstpost  

The present package given to the SME sector is noteworthy and falls well within the ambit of the ‘Make In India’ campaign wherein there is a serious attempt to strengthen the links of this sector with the rest of the economy. The Diwali gift provided to the micro small and medium enterprises by Prime Minister Narendra Modi is quite timely …

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