The Tamil Nadu government is creating land banks for MSMEs in Tiruvallur and Kancheepuram districts, said P Benjamin, Minister for Rural Indusries, here on Wednesday.
Category: MSME-Startup
MSME: ‘MSME loans: Private banks, NBFCs eat into PSU banks’ market share’ – The Economic Times
State-run banks’ market share in loans to the micro, small and medium enterprises (MSMEs), a major thrust area for the government, has dipped on aggressive
Increasing credit reach: Data powering lending to MSMEs – The Financial Express
We are at a rare moment in history. Lending to micro, small and medium enterprises (MSME) is at the cusp of witnessing the same transformation
GST: TDS/TCS provisions to come into effect from October 1 – The Financial Express
The GST portal has not yet rolled out the functionality to furnish these two forms. The government on Thursday notified the form for audit report
Now TDS/TCS for GST also, provisions to come into effect from October 1 – The Financial Express
The government has notified October 1 as the date for implementing the tax deducted at source (TDS) and tax collected at source (TCS) provisions under
Doubling limit for filing DRT cases will expedite bad loan recovery, says Finance Ministry – The Financial Express
The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993. (File
Bad Loan: Raghuram Rajan has a word of caution on MSME lending
Rajan said credit targets were sometimes achieved by abandoning appropriate due diligence, creating the environment for future NPAs. The next build-up of non-performing assets (NPAs)
Furnish GST returns, get an OD of ₹1 crore – The Hindu BusinessLine
Micro, small and medium enterprises will now be able to get quick overdraft of up to Rs 1 crore for working capital requirements, based on
ECGC should provide liberal insurance cover to promote exports: FIEO – The Financial Express
Federation of Indian Export Organisations (FIEO) President Ganesh Gupta said the claims made by exporters should be settled on time and not rejected outrightly. The
Ease GST costs for small businesses–Economic Times
Ease GST costs for small businesses The goods and services tax (GST) rate has been lowered on many products from 28%, but the operating costs
Bad Loan | Loan against property (LAP): Lenders sitting in the LAP of disaster?
Latest data show that loans to MSMEs by banks and NBFCs increased to Rs 12.60 lakh crore in March 2018, from Rs 7.06 lakh crore
Are MSMEs hampered by insolvency and Bankruptcy code? – The Financial Express
One of the issues that has not yet caught the attention of the government or the IBBI is the treatment of MSMEs under the resolution
Ease GST costs for small businesses–Economic Times
The goods and services tax (GST) rate has been lowered on many products from 28%, but the operating costs for small businesses are still onerous.
RBI data: Loan defaults by MSMEs doubled in last fiscal – The Financial Express
Micro, small and medium enterprises (MSMEs) seem yet to recover from the twin shocks of demonetisation in 2016 and a chaotic introduction of goods and
Technical glitches continue to haunt the Goods and Services Tax Network | Business Standard News
Even after completion of one year of the new indirect tax regime, technical glitches continue to haunt the Goods and Services Tax Network (GSTN), as small and medium
Pay app: Google, banks team up for digital loans – The Financial Express
In what appears to be a symbiotic relationship, Google’s India arm said on Tuesday it was teaming up with HDFC Bank, ICICI Bank, Federal Bank and
Formalising MSMEs: New private banks lead MSME lending – The Financial Express
Advances to small enterprises are currently witnessing the highest growth among sub-segments. With the introduction of the GST, micro, small & medium enterprises (MSMEs) are
Govt’s amendments must to boost credit bureaus, says NS Vishwanathan | Business Standard News
The Reserve Bank of India (RBI) wants to strengthen the credit bureaus, but to do that the government has to make some legislative amendments, RBI Deputy Governor
Small biz exports hit by GST refund delay – The Economic Times
Exports by small businesses were adversely affected by a delay in refund of upfront goods and services tax (GST) and input credit, which put pressure on their
MSMEs finance: Look who’s eating away banks’ share – The Financial Express
The share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016, even as the share of loans
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