Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/facebook-india-launches-small-business-loans-initiative-for-smbs-across-200-cities/articleshow/85483138.cmsSynopsis In the last one year, Facebook has taken numerous steps to support the economic recovery of small businesses. Social media giant Facebook India on Friday
Category: MSME-Startup
FM Nirmala Sitharaman launches new fund for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-nirmala-sitharaman-launches-new-fund-for-msmes/articleshow/85521867.cmsSynopsis The fund, co-sponsored by Exim Bank and Sidbi, was formed as per a 2020 union budget announcement but its launch was delayed due
Public sector banks report sharp slippages in MSME loans in Q1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/public-sector-banks-report-sharp-slippages-in-msme-loans-in-q1/article35879696.ece?homepage=true Covid-19 appears to have impacted small businesses, curtailing their repayment ability In a visible sign of stress in the MSME portfolio, public sector
MSME financing will reach consumer financing level in the next 5 years: U GRO’S Shachindra Nath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/how-msme-financing-can-reach-consumer-financing-level-in-the-next-five-years/articleshow/85267124.cmsSynopsis The MSME sector contributes almost 35% of the GDP, employs roughly around 8% of the population and has a credit gap of more
Advantage MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/advantage-msmes/article35841860.ece Pharma PLI rule tweak favours incumbents To promote industrial growth, the government, supporting ‘Atmanirbhar Bharat’ and ‘Make in India’, has come up with
Nearly half the loans under ECLGS went to services sector, traders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nearly-half-the-loans-under-eclgs-went-to-services-sector-traders-121081001705_1.html Together, the two sectors account for over Rs 91,000 crore worth of govt-guaranteed loans out of a total of Rs 1.98 trillion Illustration:
High stress: PSBs set aside over 60% of operating profit as provisions – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/high-stress-psbs-set-aside-over-60-of-operating-profit-as-provisions/2308300/ Bankers say the first quarter saw stress mounting in the retail and small business segments as a result of the second Covid wave.
The foreign stimulus | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-foreign-stimulus-121080901997_1.html With foreign money pouring into the start-up universe, the economy may finally get the stimulus that the government was unable to provide The
Will revised factoring rules really help the MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-will-revised-factoring-rules-really-help-the-msmes/articleshow/85190605.cmsSynopsis If bankers are reluctant to provide working capital loans to cash-strapped MSMEs, what is in it for them to fund MSMEs through factoring?
Traders’ body to all Chief Ministers: ‘Considerable avoidance’ of GST by e-commerce firms, need probe – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-body-to-all-chief-ministers-considerable-avoidance-of-gst-by-e-commerce-firms-need-probe/2306839/ Ease of Doing Business for MSMEs: The association had levelled allegations against Amazon and Flipkart for undertaking unethical business practices such as deep
Revision of MSME definition in midst of Covid pandemic: Investment and employment implications – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-revision-of-msme-definition-in-midst-of-covid-pandemic-investment-and-employment-implications/2306697/ Ease of Doing Business for MSMEs: In general, periodic definition revision of MSMEs is justified on the following three grounds: to take account
Monetary policy: Steady as she goes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/monetary-policy-steady-as-she-goes/articleshow/85110268.cmsSynopsis If RBI wants to really push credit in the economy, instead of throwing more money at risk-averse, loan-shy banks, it should lend directly
Rise in retail stress levels not alarming : RBI Deputy Governor Jain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rise-in-retail-stress-levels-not-alarming-rbi-deputy-governor-jain/articleshow/85121300.cmsSynopsis “With regard to any kind of movement of stress in the retail and MSME sector we are very closely monitoring, yes there is
Sidbi: SIDBI launches Swavalamban Challenge Fund to promote entrepreneurship – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/sidbi-launches-swavalamban-challenge-fund-to-promote-entrepreneurship/articleshow/85093495.cmsSynopsis A challenge fund is a fund support mechanism to allocate funds for specific purposes using competition among organisations. Small Industries Development Bank of
Start-ups based on new definition can now bid for consultancy, other services of govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/start-ups-based-on-new-definition-can-now-bid-for-consultancy-other-services-of-govt/article35758436.ece Entity up to 10 years of existence, turnover up to ₹100 crore can be called a ‘start-up’ The Finance Ministry has incorporated a
Reserve Bank of India gives corporate borrowers 6 more months to meet debt recast guidelines – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/reserve-bank-of-india-gives-corporate-borrowers-6-more-months-to-meet-debt-recast-guidelines/2306130/ Vivek Iyer, partner and national leader-financial services risk advisory, Grant Thornton Bharat, said, “We need to be patient and study how the coming
These new platforms re-juvenate women-run enterprises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/variety/these-new-platforms-re-juvenate-women-run-enterprises/article35774066.ece?homepage=true The longer-term plan is to organise mentoring sessions and help upskill entrepreneurs in areas of technology and finance A new term — “Shecession”
Why govt’s Rs 20,000 cr Subordinate Debt scheme for MSMEs failed to find many takers? IBA chief explains – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-why-govts-rs-20000-cr-subordinate-debt-scheme-for-msmes-failed-to-find-many-takers-iba-chief-explains/2305145/ Credit and Finance for MSMEs: Under CGSSD, the promoter was required to bring in 10 per cent of the subordinate debt amount as
SBI sees rising stress in home loan and MSME book in June quarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-sees-rising-stress-in-home-loan-and-msme-book-in-june-quarter/articleshow/85037804.cmsSynopsis The lender has already pulled back Rs 4700 crore from its fresh slippages in July. The stress list for the loans due between
Small businesses hit as banks freeze current a/cs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/small-businesses-face-temporary-setback-as-banks-freeze-current-accounts-to-meet-rbi-norms/article35683965.ece Firms in a spot as banks rush to comply with RBI directive to prevent diversion of funds Operations of thousands of small businesses
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