Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/rising-raw-material-prices-force-msme-secondary-steelmakers-to-shut-shop/articleshow/84915116.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “There are around 120 sponge iron, billet ingot manufacturers and rollers in West Bengal that have reduced production by 15-50 % and laid
Category: MSME-Startup
MSME – Investment limits, Registration, Benefits & role on Indian Economy–taxguru.in
Clipped from: https://taxguru.in/corporate-law/msme-investment-limits-registration-benefits-role-indian-economy.html Micro, Small & Medium Enterprises (MSME) The concept of Micro, Small and Medium Enterprises (MSME) was first introduced in India in the year
Allow MSMEs to open multiple current accounts in same bank: KCCI President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/allow-multiple-current-accounts-in-same-bank-to-msmes-kcci/article35633976.ece Outstanding loans in personal, MSME segments made up 35% Outstanding loans in personal, MSME segments made up 35%× KCCI also wants banks to
The structuring of micro loans matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-structuring-of-micro-loans-matters/article35635228.ece A revolving credit, based on credit card principles, can help scale up the incomes of the underprivileged Last month, the RBI issued a
The chirping economist | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-chirping-economist-121073001698_1.html ‘Their comments pertain to government policy. Some praise it, others criticise it’, says the author It’s hard to say exactly how many economists the world
Growth Factor: A question of credit delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
Covid-19 hit MSMEs hard; credit availability, liquidity a challenge: Niti Aayog’s Rajiv Kumar – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/covid-19-hit-msmes-hard-credit-availability-liquidity-a-challenge-niti-aayogs-rajiv-kumar-302882-2021-07-30 Rajiv Kumar says the Centre is working towards a transition to cash-flow based funding for SMEs. Switch from inventory-based credit to cash-flow based
Explained: How push for factoring could benefit the MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/explained-how-push-for-factoring-could-benefit-the-msme-sector-121072901563_1.html In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
Richer, and poorer: Inequality will continue to scar the economy long after Covid leaves us–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/richer-and-poorer-inequality-will-continue-to-scar-the-economy-long-after-covid-leaves-us/ When Covid goes away, hopefully soon enough, it will leave behind a more unequal world. This is contrary to historical experience because pandemics,
MSMEs need more support, speedy relief: Parliamentary panel to Centre – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/msmes-need-more-support-speedy-relief-parliamentary-panel-to-centre/article35568684.ece Larger package will spur demand, investment, exports and jobs, it says The Industry Standing Committee of Parliament, headed by TRS leader K Keshava
MSME: To strengthen TReDS, Factoring Amendment Bill passed by Lok Sabha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-strengthen-treds-factoring-amendment-bill-passed-by-lok-sabha/articleshow/84783038.cmsSynopsis Finance minister Nirmala Sitharaman said that the government had also accepted the recommendations by the Standing Committee which had looked into the Bill
NSIC’s credit assistance to MSMEs for raw material procurement jumps 10% to over Rs 65 crore in FY21 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nsics-credit-assistance-to-msmes-for-raw-material-procurement-jumps-10-to-over-rs-65-crore-in-fy21/2298603/ Credit and Finance for MSMEs: Karnataka led the state-wise assistance under the RMA scheme in FY21 with Rs 26.81 crore provided to SC/ST
HDFC Bank launches up to Rs 10 lakh overdraft facility for shopkeepers, merchants to ease cash crunch – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-hdfc-bank-launches-up-to-rs-10-lakh-overdraft-facility-for-shopkeepers-merchants-to-ease-cash-crunch/2298139/ Credit and Finance for MSMEs: HDFC Bank will approve an overdraft limit from a minimum of Rs 50,000 to a maximum of Rs
Covid 2nd wave to have more lasting damage on Indian economy, exports key for recovery: Moody’s Analytics – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/covid-2nd-wave-to-have-more-lasting-damage-on-indian-economy-exports-key-for-recovery-moodys-analytics/articleshow/84761874.cmsSynopsis In its report titled ‘APAC Economic Outlook: The Delta Roadblock’, it said that social distancing is weighing on the current quarter but economic
What to do if you have defaulted on a home loan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/what-to-do-if-you-have-defaulted-on-a-home-loan/articleshow/84704041.cmsSynopsis In case the bank decides to name the borrowers as defaulters, it will then send a full and final 60 days’ notice under
Revitalizing MSME financing: COVID and beyond – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/revitalizing-msme-financing-covid-and-beyond/articleshow/84700269.cmsSynopsis Although the pandemic has affected firms of all sizes, but SMEs have been more vulnerable. Access to finance is a key constraint to
The new moneylenders! Not just banks, look who is into lending money online now – The Financial Express
Clipped from: https://www.financialexpress.com/money/the-new-moneylenders-not-just-banks-look-who-is-into-lending-money-online-now/2297761/ The new moneylenders are smart. They are millennials, not banks, armed not with complex rule books but gadgets – smartphones or computers –
Top things you should know before co-applying for a home loan – The Financial Express
Clipped from: https://www.financialexpress.com/money/top-things-you-should-know-before-co-applying-for-a-home-loan/2297717/ It is important to understand whether one should apply for a home loan with a co-applicant or as the sole applicant. Co-applicants can
Mortgage Loan: Default risk and pre-payment speed – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-mortgage-loan-default-risk-and-pre-payment-speed/2296635/ The most uncertain part of a mortgage loan is the rate of pre-payment The most uncertain part of a mortgage loan is the
Banker’s Trust: Tamal Bandyopadhyay on the facts and fiction of Mudra loans | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/facts-and-fiction-of-mudra-loans-121072500861_1.html Do we need yet another refinance agency? No one will shed a tear if Mudra is given a decent burial Bharatiya Mahila Bank
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