Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-to-be-nebulous-owing-forbearance-dispensations-restructuring-schemes-care/article33827877.ece?homepage=true Non-performing assets (NPAs) of Banks this year would tend to be a bit nebulous due to the various forbearance dispensations that have been
Category: MSME-Startup
Loan recovery: Ministry gives more power in the hands of NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-recovery-ministry-gives-more-power-in-the-hands-of-nbfcs/article33831409.ece?homepage=true NBFCs allowed to use SARFAESI law for minimum loan size of Rs 20 lakh The Finance Ministry has operationalised a budget announcement that
A key step for inclusive growth – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-key-step-for-inclusive-growth/2193776/ Benefits extended to the affordable rental housing segment in the Budget will prove key to dignified living for migrant workers in cities The
‘Only 20% small businesses offer online services, leaving market for last-mile logistics largely untapped’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-logi-only-20-small-businesses-offer-online-services-leaving-market-for-last-mile-logistics-largely-untapped/2192975/ Logistics for MSMEs: Intra-city logistics providers, which usually deal with instant and on-demand delivery requirements, have a high degree of commitment to ensuring
Skills development ministry launches Mahatma Gandhi National Fellowship in partnership with IIMs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/skills-development-ministry-launches-mahatma-gandhi-national-fellowship-in-partnership-with-iims/articleshow/80896582.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The two-year academic programme will have in-built component of on-ground practical experience with the district administration. The nine IIMs include the IIM Bangalore,
‘Bad bank’ idea: Govt guarantee for ARC paper likely | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/npas-bad-bank-arc-paper-bad-loan-budget-7186433/ The ARC, according to government officials, is likely to take over Rs 2-2.5 lakh crore of stressed assets that remain unresolved in around
To cater to SMEs and MSMEs, Razorpay creates 650 new jobs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/to-cater-to-smes-and-msmes-razorpay-creates-650-new-jobs/article33819144.ece?homepage=true Newly-minted fintech unicorn Razorpay has created 650 new job opportunities to meet the constantly growing payment and banking needs of SMEs, MSMEs and
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms Synopsis–Costs for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms SynopsisCosts for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
Banking disclosure: Playing Jekyll and Hyde: Some banks are not disclosing their overdue-loans data, and that is a worry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/playing-jekyll-and-hyde-some-banks-are-not-disclosing-their-overdue-loans-data-and-that-is-a-worry/primearticleshow/80796450.cms SynopsisThough the business between a customer and a bank is transactional, many customer-first banks like to treat it as a relationship. What happens
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy66-is-india-facing-credit-deprivation-to-warrant-corporation-banks/story/430868.html RBI’s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses
Bad bank to deepen IBC use; special insolvency framework for MSMEs in the works: IBBI chairman Sahoo – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bad-bank-to-deepen-ibc-use-special-insolvency-framework-for-msmes-in-the-works-ibbi-chairman-sahoo/2191058/ MS Sahoo, the chief of the insolvency regulator IBBI, explains why the Budget proposals for a special insolvency framework for MSMEs as well
NeoGrowth Credit launches Vendor Finance Express for SMEs — SME–The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/neogrowth-credit-launches-vendor-finance-express-for-smes/articleshow/80781609.cmsSynopsis The product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for the
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
MSME registration crosses 20-lakh mark on Modi govt’s Udyam portal; nearly doubles in three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msme-registration-crosses-20-lakh-mark-on-modi-govts-udyam-portal-nearly-doubles-in-three-months/2191291/ Technology for MSMEs: Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal
Discretionary consumption coming back: Amnish Aggarwal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/discretionary-consumption-coming-back-amnish-aggarwal/articleshow/80768959.cmsSECTIONSDiscretionary consumption coming back: Amnish AggarwalLast Updated: Feb 09, 2021, 05:17 PM ISTSynopsis ‘Small and medium scale enterprises have been under pressure.’ Shift towards
‘In Q4, we are looking at growing the business, but methodically’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/in-q4-we-are-looking-at-growing-the-business-but-methodically/article33781759.ece?homepage=true ‘Credit demand has started returning as people get back to their livelihoods. Disbursement is even stronger in January. Demand is coming from across
Fewer board meetings, exemption from preparing cash flow statement, more for small companies come April 1 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-fewer-board-meetings-exemption-from-audtor-rotation-preparing-cash-flow-statement-more-for-small-companies-come-april-1/2187304/ Ease of Doing Business for MSMEs: Commerce Minister Nirmala Sitharaman in her budget speech on Monday had proposed to revise the definition of
