The charges for erection and training will not be included in the assessable value of the imported goods
While the issue of providing liquidity to existing borrowers who are sapped of revenues has been addressed, banks will have to undertake due diligence on the solvency of units, said bankers.
With the MSME segment contributing to output and providing widespread employment, successfully supporting it is money well spent.
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.
Banks have built internal capacities for assisting companies, including micro, small & medium enterprises (MSMEs).
He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead
Adityanath govt has been planning a Global Investors Summit in Lucknow by 2021-end to position the state as an ideal international investment destination across sectors
A bank will not, upon resumption of its business, honour or negotiate under a credit that expired during such interruption of its business
The government has also asked the Reserve Bank to extend the Debt Restructuring window for micro, small and medium enterprises by a year to March 31, 2021
Union Minister Nitin Gadkari on Monday approved changes in the Interest Subvention Scheme guidelines for micro, small and medium enterprises, and said the modifications are expected to boost their productivity through access to credit at reduced cost. The Minister for Road Transport & Highways and MSME reviewed the functioning of the scheme. "It is expected that the modifications in the scheme guidelines will lead to fulfilment of objectives of the scheme, i.e. to increase productivity in MSMEs through access to credit at reduced cost," Gadkari said. The minister highlighted that the government is committed to enhancing credit to the MSME sector and the implementation of the scheme is being closely monitored to help micro, small and medium enterprises (MSMEs) get incremental credit of up to Rs 1 crore with an interest subvention of 2 per cent. The modifications to the scheme include settlement of claims based on internal or concurrent auditor certificate and submission of ...
Tech is helping extend credit to the MSME sector
Speaking on the occasion, Union Bank managing director Rajkiran Rai G said, through the hundred years journey, the bank has been serving national priorities.
From a single-authority mechanism for processing GST refunds to exporters coming soon to NCLT approving JSW Steel's Rs 19,700-cr bid for Bhushan Power & Steel, here are today's top business news
Commercial banks and SCBs provide loans to Kisan Credit Card holders and options resembling such an initiative can be explored