Page 2 - Msme Credit

Budget 2022: MSMEs may get credit guarantee, better deal in IBC cases

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

MSME credit guarantee scheme saved 1.35 mn firms, 15 mn jobs: Report

ECLGS launched by the government in 2020 to provide relief to MSMEs impacted by Covid-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs, claimed a report.

Create digital platform for MSME credit: IT Minister Ashwini Vaishnaw

Vaishnaw was speaking at 'Digital payment Utsav'

HDFC Bank, USAID, others launch $100-mn Covid-19 credit facility for MSMEs

The credit facility will extend working capital loans to small businesses that need financing to support their digitisation and recovery from the effects of the pandemic, HDFC Bank said

Agri, retail, MSME credit growth speeds up in July, shows uptick in economy

Retail loans clocked a growth of 11.2 per cent in July 2021 as compared to 9.0 per cent a year ago

Eye on retail, SME credit as public sector banks prepare for festivals

Banks to ramp up efforts during outreach programme

Facebook India launches loans programme for small businesses in 200 places

India is the first country where Facebook is rolling out this programme in partnership with online lending platform Indifi.

Retail, farm credit get traction in May amid Covid-induced slowdown

Credit to Mid, small units also see higher growth

Govt expands credit lifeline for MSMEs amid second wave of Covid-19

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

Govt considers enhancing Rs 3 trn loan-guarantee for small firms: Report

It may allow small companies to borrow an additional 30% of their credit limit, up from 20% announced last year.

A new avatar: Making a case for crypto-currencies to fill SME financing gap

Studies point out that the 40 million-odd SMEs in India, with limited access to formal credit, face a financing gap of $250-500 billion

Bank of Maharashtra ties up with LoanTap Credit for co-lending to MSMEs

State-owned Bank of Maharashtra on Monday said it has entered into a co-lending agreement with the Pune-based non-banking financial company LoanTap Credit Products, for MSME loans.

Credit to industry shrank 1.7%, personal loans slowed in October: RBI

Credit to large companies contracted 2.9%, but that to medium enterprises grew 16.7% YoY. Overall credit to industry had grown at 3.4% in October 2019

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

State Bank of India targets 3x growth in retail, MSME gold loans

Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies

Adityanath govt transfers online loans of Rs 2,447 cr to new MSME units

Yogi Adityanath said that his government was working with full dedication to explore all possibilities to realise 'self reliant India'

Govt widens ambit of Rs 3 trn MSME credit scheme, doubles upper loan limit

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore

June retail credit grows Rs 11,518 crore after shrinking for 2 months

Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May

Hosiery exporters seek extension of loan moratorium by 6 months up to March

Exporters said the financial position of the knitwear garment units in Tirupur has not improved and they were not in a position to repay the loan and interest

Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)