If a fresh assessment of working capital requirement is to be done in view of the Covid crisis, that will have to be by the
Category: MSME-Startup
Banks to seek extension of moratorium on loan repayments beyond June | Business Standard News
The Reserve Bank of India had on March 27 allowed banks and finance companies to offer a moratorium of three months on payment of instalments
Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore | Business Standard News
Public sector banks (PSBs) on Thursday flagged concerns to the Union government over loans worth over Rs 50,000 crore turning into non-performing assets (NPAs) for March, as
If States say yes, e-commerce players can sell all goods – The Hindu BusinessLine
From next week, e-commerce companies are free to deliver all goods, including those not marked essential, provided they get the necessary permits from State government
Workers face income loss of Rs 4.05 lakh crore due to lockdown, SBI report – The Hindu BusinessLine
State Bank of India’s economic research department has cut its GDP growth estimates for FY21 from 2.6 per cent to 1.1 per cent, with the
Start-ups standing tall during tough times for job seekers – The Hindu BusinessLine
Just about a month back, 33-year-old IT professional Siddhi Arora decided to restart her career after a one-and-half year maternity break. But, the global pandemic
Hotels, restaurants support lockdown extension but expect whopping 70% job loss without govt relief – The Financial Express
Ease of Doing Business for MSMEs: The national body for hotels and restaurants associations – The Federation of Hotel & Restaurant Associations of India (FHRAI) said
Coronavirus outbreak: Rs 1,000 crore of Gujarat’s cotton yarn exporters stuck – The Financial Express
Nearly Rs 1,000 crore of Gujarat’s cotton yarn exporters have been stuck due to closure of domestic and international courier services in wake of the
Bring in the MSME relief package–Economic Times
The national Covid-19 lockdown and consequent loss of production call for a package of proactive measures to boost credit availability for India’s micro, small and
Mohan Guruswamy: Where’s the money? Just shake the tree and pick the fruits that fall–Deccan Chronicle
The economic cost of the Covid-19 pandemic is going to be huge. A shutdown for a month literally means a hole of at least 8.5
Grocery Home Delivery: Government taps logistics firms to link consumers with kirana shops | India Business News – Times of India
NEW DELHI: The government is ready with a scheme to get kirana stores to directly deliver essential goods at your doorstep using the network of
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Some private sector and foreign banks have begun offering the loan moratorium to their microfinance institution (MFI) borrowers, even as confusion prevails over whether the
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Industry executives said that each bank is following its own strategy when it comes to offering the moratorium to MFIs. Some private sector and foreign
Up from 6 lakh accounts so far, govt aims at restructuring this many additional MSME loans soon – The Financial Express
Ease of Doing Business for MSMEs: MSME minister Nitin Gadkari has urged micro, small and medium enterprises to consider the current crisis as an opportunity instead
Government to soon clear Rs 10,000 crore ‘Fund of Funds’ for MSMEs with high credit rating: Nitin Gadkari – The Economic Times
NEW DELHI: A Rs 10,000 crore “Fund of Funds” will soon be approved by the government to buy up to 15 per cent equity in MSMEs with
covid-19: Faircent launches ‘Anti Lockdown Loans’ to help ease liquidity pressure amid Covid-19 – The Economic Times
NBFC-P2P lender, Faircent.com, on Wednesday announced the launch of a new loan offering “Anti-Lockdown Loans” to help credit-worthy businesses and individuals access credit to meet their
P2P lending may solve India’s problem of financial inclusion but success depends on these key areas – The Financial Express
By Bharat Dureja Credit and Finance for MSMEs: The World Bank defines financial inclusion as making financial services and products such as banking services, insurance, investment
SBI seeks loan guarantees, extension of moratorium – The Economic Times
State Bank of India‘s Chairman Rajnish Kumar has sought government guarantees to enable banks to lend to companies to expedite a post-lockdown economic recovery in the aftermath of
Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020 | Business Standard News
Most analysts expect the government and the RBI to continue to provide stimulus to help stem the economic rout triggered by the Covid-19 pandemic Barclays has
Coronavirus impact: Confusion, despair grip MSME cluster in Okhla | Business Standard News
“I don’t know who is better off. The labourers who fled and might not find job when they come back or me? I stayed back