He was speaking at a virtual international conference organised by the chartered accountants' apex body ICAI
Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic
Demand for recast may also go up for loans previously restructured; RBI warns of drop in bank's asset quality but reassures that they are strong enough to withstand huge shocks
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.
SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday.
Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat Package with the objective to help MSMEs
The bank was the second largest bank in the state with a market share of over 10 per cent, it said
The company aims to grow its loan book to Rs 75 crore in the next 12 months
Credit offtake in services remains weak
Rane, the minister for MSMEs, said the sector plays a significant role in terms of job creation and expanding the manufacturing base.
Sidbi anchors programme for micro enterprises with loans up to Rs 1 cr at subsidised interest rates
RedSeer says Flipkart emerged as the leader during festive sales with an impressive 64% market share. It competes with Amazon, Reliance's JioMart and Tata CLiQ in this space
Under MSME Samadhaan, a portal for delayed payment has been created for empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments
Micro, Small and Medium Enterprises Minister Narayan Rane on Friday said that for a population of 135 crore, the nation needs more technology centres which need to be speedily constructed.
The National Environmental Engineering Research Institute has transferred the know-how of the indigenously-developed saline gargle RT-PCR technique, used for testing Covid samples, to MSME ministry
Clearing their dues has been a long-standing demand of exporters
The D2C (direct to consumer) sector in India is currently worth $44.6 billion (end of FY 2021) and is expected to be worth $100 billion by 2025.
HDFC Bank on Tuesday said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. Under this, the country's largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness. "HDFC Bank has signed a memorandum of understanding with National Small Industries Corporation to offer credit support to MSMEs across the country," the bank said in a statement. The bank branches will extend support to the MSME projects in the areas they are located and to other important industrial sectors across the country. Rahul Shukla, group head (commercial and rural banking) of HDFC Bank, said the partnership will help reboot the economy and give it a required fillip. "We believe this partnership with NSIC will help expedite the MSME sector growth, which is the backbone of the country both in terms of economic development and job creation,
Gandhi on Wednesday alleged that the Central government has "demonetised" farmers, labourers, small and medium businesses, salaried class, and honest industrialists
This was the thirteenth consecutive quarter of net outflows for the category