Page 13 - Msme

Small business activity fast reaching near-normal levels: Report

Business activity of MSMEs - which are regarded as the backbone of economy - is fast reaching near-normal levels, and rapidly adopting digital tools to drive efficiency and growth, says a report

Indian Bank Q2 net at Rs 412 crore versus Rs 1,755 cr loss a year ago

Lender expect credit growth to be 8-10 % this fiscal

Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI

Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial paper and non-convertible debentures issued by the entities in specific sectors

Post lockdown, UP infused Rs 26,000 cr working capital to one million MSMEs

State seeks to benefit 2 million MSMEs, create eight million jobs in current fiscal

Kerala govt launches portal to support pandemic-hit MSME sector

Kerala government on Friday launched an online portal for speedy and transparent delivery of concessions, including interest subsidy for the revival of MSMEs, hit badly by the pandemic

Clearing dues from the government

The release of pending dues from statal entities can itself be a fiscal stimulus

100,000 Amazon-enabled local shops, kiranas gear up for festive season

Over 20,000 offline retailers and kiranas from 'Local Shops on Amazon' programme will participate in their first 'Great Indian Festival' sale event, to be hosted by the e-commerce giant this month

BEML implements 'catch-up' plan to make up for output backlog due to Covid

The Bengaluru-headquartered company under the Ministry of Defence has set a revenue target of over Rs.4,000 crore for 2020-21, up from Rs 3,029 crore in the previous fiscal

Adityanath govt targets MSME exports worth Rs 3 trn in next three years

UP to woo companies exiting China after the Covid-19 outbreak

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

MSME units from Maharashtra availed maximum loans under ECLGS: Minister

The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

UP govt to organise 5-day global virtual MSME exhibition in October

Buyers from 50 countries will be connected to the virtual platform, which will also promote the One District-One Product (ODOP) scheme

FIDC seeks relaxation in provisioning conditions for restructured accounts

The FIDC has also asked the ministry to allow debt restructuring of all standard MSME accounts in the 0-90 day bucket

Subordinate debt: A way for govt to hand out cash to needy MSMEs

The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment

Uttar Pradesh MSMEs to get up to Rs 5 lakh aid under new start-up policy

MSMEs in Uttar Pradesh will get marketing assistance of up to Rs five lakh under a new start-up policy, a senior official said here Tuesday. New start-up policy 2020, aimed at extending support and encouragement to start-ups and incubation centres in Uttar Pradesh has been notified, said Additional Chief Secretary (Electronics and Information Technology) Alok Kumar. Under the new policy, there is a window of up to Rs 5 lakh as marketing assistance to MSMEs," he added. Kumar gave this information while addressing a virtual conference on "Role of Information Technology in transforming MSMEs' future during COVID-19", a PHDCCI release said. The conference had been organized by the Uttar Pradesh Chapter of PHD Chamber of Commerce and Industry. Kumar also said the Department of IT & Electronics is working hand in hand with SIDBI to facilitate venture capital funding for new start-ups and MSMEs. Focusing on the important role that IT is playing these days, Additional Chief Secretary, ..

Gadkari calls for increased global investment in highways, MSME sectors

The minister for Road Transport, Highways and MSMEs said automobile and micro, small and medium enterprises are the two growth engines of the country's economy

UP aims at doubling MSME exports to Rs 2.4 trillion in three years

Export promotion policy on anvil, seeks to substitute Chinese exports

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'

Planning to create micro lending body for women, small businesses: Gadkari

Gadkari said the government is mulling over the idea where the finance of up to Rs 10 lakh can be availed by women entrepreneurs within three days