Page 7 - Msme Sector

Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil

More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday.

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

How are power outages affecting small industries in India?

The ongoing power outages are proving critical for small industries, which are already reeling under high input costs and tepid demand. Find out how industries are bearing the brunt of power cuts.

Frequent power disruption over coal shortage in TN now affecting MSMEs

With Tamil Nadu facing unprecedented power disruptions, primarily due to the shortage of coal and other distribution issues, the functioning of small and medium companies in the state are affected.

Seeds Fincap plans to disburse Rs 250 crore in next financial year

The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth loans on Wednesday

SIDBI ties up with Bihar government to promote MSME sector in state

The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to develop the MSME ecosystem in the state. Under the first MoU with Bihar's industry department, project management units (PMUs) will be deployed by SIDBI with the state government, SIDBI said in a statement on Wednesday. The PMU will support the state government in making necessary interventions for focused engagement of SIDBI with Bihar, with the objective of facilitating development of the MSME ecosystem. It will support the state government in making necessary interventions for focused engagement of SIDBI to facilitate development of the MSME ecosystem in the state. According to the second MoU, SIDBI will work i

Indifi Tech says its online loans for small businesses grew 200% YoY

Indifi said it registered a 100 per cent growth in the number of loans disbursed from December 2020 to December 2021

Union Bank of India, Capri Global Capital tie up for co-lending to MSMEs

The co-lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs

BSE joins hand with All India MSME Association to promote listing of MSMEs

Leading stock exchange BSE on Thursday said it has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and startups. Through this pact, AIMA MSME will assist BSE in evaluating MSMEs and startups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs, the exchange said in a statement. Further, the two entities will host joint roadshows and events across the country to raise awareness among micro, small & medium enterprises (MSMEs) for listing on the exchange's SME segment. "We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups," Ajay Thakur, Head BSE SME and Startup, said. Avinash Dalal, .

Sundaram Finance, MSME Development Institute to handhold MSMEs on marketing

Support for entrepreneurial and managerial development of MSMEs through incubators scheme focusses on providing opportunity to the innovators in developing and nurturing their new innovative ideas

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low

Sidbi launches various MSME cluster development focussed initiatives

Small Industries Development Bank of India (SIDBI) on Monday said it has launched various micro, small and medium enterprises (MSMEs) cluster development focussed initiatives

Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

BoB, U GRO Capital come together to launch co-lending platform 'Pratham'

Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.

Wholesalers, retailers to be included under MSME sector: Nitin Gadkari

Union Minister Nitin Gadkari on Friday has issued an order to revise the definition for Micro, Small and Medium Enterprises by including retailers and wholesale traders under the MSMEs

More firms to come under ambit of small and medium sized companies

In a notification, the ministry defined a small and medium sized company as an entity whose equity or debt securities are not listed or are not in the process of listing on any stock exchange

Khadi sales decline 16% to Rs 3,527.71 cr in 2020-21: MSME Ministry

The production activities remained suspended for more than three months during the nationwide lockdown announced on March 25 last year.

Could government-run GeM be a candidate for listing on Indian bourses?

If the listing does happen, the scale could be comparable to what the LIC public issue will be in the insurance sector

World Bank approves $500 mn program to help boost India's MSME sector

The loan has a maturity of 18.5 years including a 5.5-year grace period.