Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/sbi-will-prefer-co-origination-models-of-lending-to-msmes-chairman/articleshow/79695109.cmsSynopsis SBI chairman Dinesh Kumar Khara said the country’s largest lender will be happy to deal with the intermediary players in the financing business
Category: MSME-Startup
Rs 1.58 lakh cr given to 4.05 m borrowers under ECLGS: Finance Ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-reviews-progress-of-various-schemes-under-3-packages-banks-sanction-rs-2-05-lakh-cr-to-msmes/articleshow/79714498.cmsSynopsis This information was provided during a comprehensive review of implementation of the Aatmanirbhar Bharat Abhiyan by finance minister Nirmala Sitharaman with secretaries of
DBS Bank India partners with Haqdarshak to aid MSME recovery – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/dbs-bank-india-partners-with-haqdarshak-to-aid-msme-recovery/articleshow/79675994.cmsSynopsis Haqdarshak will provide application support services to business owners for availing the right schemes that the government has announced. MUMBAI: DBS Bank India has joined
MSME: Banks sanction Rs 2.05 lakh cr to 81 lakh MSMEs under credit guarantee scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-sanction-rs-2-05-lakh-cr-to-81-lakh-msmes-under-credit-guarantee-scheme/articleshow/79679237.cmsSynopsis The loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal. NEW DELHI: The Finance Ministry on
Exim Bank, SIDBI to set up investment fund to provide loan support to SMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/exim-bank-sidbi-to-set-up-investment-fund-to-provide-loan-support-to-smes/article33289432.ece?homepage=true David Rasquinha, Managing Director, Exim Bank of India David Rasquinha, Managing Director, Exim Bank of India× Export-Import Bank of India (Exim Bank) and
Karnataka HC to hear petitions from Amazon, Flipkart, CCI in Jan against alleged marketplace malpractices – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/karnataka-hc-to-hear-petitions-from-amazon-flipkart-cci-in-jan-against-alleged-marketplace-malpractices/2146766/ CCI had earlier filed an appeal in the apex court against the interim stay order by the Karnataka HC to probe e-commerce marketplaces,
Amazon India Small Business Day 2020: Amazon India to host Small Business Day 2020 in December – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/amazon-india-to-host-small-business-day-2020-in-december/articleshow/79618594.cmsSynopsis Amazon is also launching a one-day cashback offer of 10% on digital payments for customers. BENGALURU: Amazon India recently announced that the company will host
Confident India will emerge as the top manufacturing hub for EVs: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/confident-india-will-emerge-as-the-top-manufacturing-hub-for-evs-nitin-gadkari/articleshow/79628259.cmsSynopsis The minister added that besides the electric technology for automotive, the use of fuel ethanol, methanol biodiesel and bio CNG is being proactively
RBI may allow SFBs to lend to smaller microfinance institutions with loan assets below Rs 500 cr – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-may-allow-sfbs-to-lend-to-smaller-microfinance-institutions-with-loan-assets-below-rs-500-cr/articleshow/79647334.cms SynopsisRBI, which had earlier turned down a similar proposal, is now actively considering it so that the funding requirement for the sector is
After initial hit, health-care units likely to recover: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/after-initial-hit-health-care-units-likely-to-recover-crisil-sme-tracker-120120701120_1.html With the working capital cycle stretched, financially weaker hospitals may have to resort to short-term loans to stay afloat. Logically, a pandemic should
PM Modi’s 59-minute MSME loan: 93% applications disbursed till November 2020, marginally up from August – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pm-modis-59-minute-msme-loan-93-applications-disbursed-till-november-2020-marginally-up-from-august/2145740/ Credit and Finance for MSMEs: The scheme was launched to offer in-principle approval to a term loan or working capital loan from Rs
WhatsApp launches ‘Carts’ to ease buying, selling for customers, sellers | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-whatsapp-eases-selling-for-merchants-with-new-feature-tracking-inquiries-managing-requests-get-simpler/2145868/ Technology for MSMEs: The move signals WhatsApp’s intent to become the de-facto platform for businesses and customers who wish to buy and sell
Centre aims to increase MSME sector contribution to GDP up to 50%: Gadkari – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/centre-aims-to-increase-msme-sector-contribution-to-gdp-up-to-50-gadkari/2145902/ Gadkari said currently village industries such as handlooms, handicrafts, Khadi Gram Udyog are generating Rs 80 thousand crore revenues which needs to be
MSME taxpayers may file GSTR via SMS: CBITC chief – The Financial Express
Clipped from: https://www.financialexpress.com/economy/msme-taxpayers-may-file-gstr-via-sms-cbitc-chief/2145120/ There have been demands from the taxpayers, mostly in the MSME sector, that GST be charged on receipt of payment instead of the
Will atmanirbhar call damage India’s small entrepreneurs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/will-atmanirbhar-call-damage-indias-small-entrepreneurs/2143695/ The beneficial linkages between formal and informal enterprises become stronger with trade liberalisation, not protectionism. By Ejaz Ghani the slow growth of India’s
Now MSMEs can prepare, submit restructuring proposals to banks on their own with SIDBI’s new DIY portal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-now-msmes-can-prepare-submit-restructuring-proposals-to-banks-on-their-own-with-sidbis-new-diy-portal/2142653/ Ease of Doing Business for MSMEs: The proposals can be shared with up to three banks through the portal that has been developed
Covid crisis: For beauty, personal care startups – is it all gloom, or a beginning of bloom? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/covid-crisis-for-beauty-personal-care-startups-is-it-all-gloom-or-a-beginning-of-bloom/2142674/ Startups should look at the bigger picture. Is it possible to fulfill their true potential without being omnipresent? What does it take to
Will atmanirbhar call damage India’s small entrepreneurs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/will-atmanirbhar-call-damage-indias-small-entrepreneurs/2143695/ The beneficial linkages between formal and informal enterprises become stronger with trade liberalisation, not protectionism. By Ejaz Ghani the slow growth of India’s
Create aggregation points for farm & MSME items, do minimal inspections: Piyush Goyal to states – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/create-aggregation-points-for-farm-msme-items-do-minimal-inspections-piyush-goyal-to-states/articleshow/79562088.cmsSynopsis Piyush Goyal has asked all states and Union Territories to create aggregation points for farm produce and products from micro, small and medium
MSME units engaged as vendors with the government or PSUs likely to revive first: Dun & Bradstreet report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-units-engaged-as-vendors-with-the-government-or-psus-likely-to-revive-first-dun-bradstreet-report/articleshow/79545631.cmsSynopsis MSMEs have largely borne the brunt of the disruption in the supply chain, scarcity of raw materials, unavailability of migrant labours and restrictions
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