Say Covid-19 is ‘last straw’ amid plunging sales About 12,000 MSMEs in Maharashtra’s auto hub have demanded the government’s intervention to tackle the financial crisis
Category: MSME-Startup
Not enough to douse corona fire, govt also needs a roadmap for recovery–Times of India
It would probably not be entirely misleading to suggest that until Prime Minister Narendra Modi’s broadcast last Thursday, or at least a day or two
India Inc seeks fiscal stimulus, moratorium on debt repayment to mitigate coronavirus impact – The Financial Express
To mitigate the impact of coronavirus outbreak on the economy, India Inc has sought a host of measures, including a year-long moratorium by banks on
Coronavirus crisis: Lower demand hits small businesses, startups hard; cost-cutting likely ahead – The Financial Express
The Coronavirus is having a detrimental effect on the health of startups and small businesses in India as many of them are staring at crippling
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion | Business Standard News
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion Suggests setting aside 1% of GDP for cash transfer scheme for poor
Banks to provide relief to borrowers whose operations are impacted by Covid-19 outbreak – The Hindu BusinessLine
The bank will give 10 per cent of a borrower’s existing Fund Based Working Capital Limits as loan Banks are likely to follow State Bank
MSMEs on verge of collapse due to non-payment of dues by govt, privatet bodies: Nitin Gadkari in Rajya Sabha – The Financial Express
MSME Minister Nitin Gadkari on Thursday expressed serious concern over non-payment of nearly Rs six lakh crore dues to micro and small industries by government
Government bid to ease MSME pain, 50% wage relief for workers – Times of India
NEW DELHI: The government’s immediate focus is now centred on providing relief to sectors hit hard by the Covid-19 outbreak, with suggestions for a 3%
Coronavirus outbreak: Engineering exporters seek relief measures – The Financial Express
Among the engineering export sectors, the most badly hit due to the spread of the virus are iron and steel, aluminium, automobile and industrial machinery,
covid: Covid-19: Why India needs a stimulus package quickly – The Economic Times
Recently, a group of professional associations appealed to the finance ministry for an extension to the March 31 deadline for paying disputed tax, under the
MSMEs: Govt mulls late repayment of loans for MSMEs to tide over coronavirus impact – The Economic Times
New Delhi: The government is mulling measures like allowing late repayment of loans by the micro, small and medium enterprises to support the sector amid
coronavirus impact: Indian banks seek easier loan repayment, NPA classification due to Covid-19 – The Economic Times
MUMBAI: Indian bankers want the regulator to ease rules on loan recovery timelines to give borrowers the breathing space and monetary health they need to
We are in economic emergency: To fight Covid-19 impact, India must push through fiscal stimulus and Universal Basic Income–Times of India
“I’ve sent all my staff off on leave for 15 days,” a resort owner in Bharatpur told me. “I don’t know when they will be
MSME layoffs: MSMEs prepare for layoffs, closures, if impact is felt beyond April–Economic Times
MUMBAI: Medium and small businesses are bracing themselves for extended pain, layoffs, and even closure if the Covid-19 pandemic continues beyond April as they lack
SBI announces emergency credit line in light of COVID-19 – The Economic Times
Mumbai: India’s largest lender State Bank of India became the first bank to open an emergency credit facility for borrowers affected by the Coronavirus outbreak.
MSME lending: How data-driven access to online loans will empower small businesses – The Financial Express
By Alok Mittal Credit and Finance for MSMEs: Narayan was in dire need of working capital funds to manage booming demand at his restaurant. However,
Egg, broiler prices slump as virus fears take heavy toll on sector – The Hindu
Ex-farm broiler price at all-time low of ₹10-15 per kg; maize, which goes into poultryfeed, also sees fortunes plummet Chicken prices have crashed from ₹90
Coronavirus crisis: Give MSMEs concessional loans, grace period for filing taxes, Assocham tells government – The Financial Express
Particularly MSMEs, which are exporting goods globally, are facing the heat as their buyers are likely to cancel orders eventually. Credit and Finance for MSMEs:
impact of coronavirus on smes: When is the Government going to respond? Businesses look for assistance as coronavirus starts hurting – The Economic Times
For millions of small businesses struggling with a slowing domestic demand over the last few quarters, the collapse of economic activities due to Covid 19
MSME: Proposal for relief to MSME sector on account of coronavirus – The Economic Times
NEW DELHI: A proposal has been sent to the Finance Ministry suggesting measures for providing relief to micro, small and medium industries to mitigate the
