Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-opposes-further-loan-moratorium/articleshow/79457246.cmsSynopsis The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan moratorium
Category: SME
small businesses: India’s economy shrinks sharply as Covid-19 slams small businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/indias-economy-shrinks-sharply-as-covid-19-slams-small-businesses/articleshow/79460232.cmsSynopsis The latest data firmly establishes India’s position among the worst-performing major economies, despite government spending meant to blunt the pandemic’s impact. NEW DELHI:
IBA asks Supreme Court to withdraw its NPA order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/lending-institutions-have-returned-rs-4300-crore-in-compound-interest-sc-on-rbi-loan-moratorium-case/article33193378.ece The court adjourned the case to December 2 The Supreme Court on Friday disposed of a petition filed by Gajendra Sharma in the
Over Rs 10 lakh crore loans under Mudra Yojana created 51 lakh entrepreneurs between 2015-18: Irani – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/over-rs-10-lakh-crore-loans-under-mudra-yojana-created-51-lakh-entrepreneurs-between-2015-18-irani/2137539/ Addressing an awards ceremony virtually, the Minister for Women and Child Development and Textiles also thanked Covid warriors, many of whom died in
gimbooks: From GST returns to applying for loans, Y Combinator-backed Gimbooks wants to help India’s 70 million SMEs go digital – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/from-gst-returns-to-applying-for-loans-y-combinator-backed-gimbooks-wants-to-help-indias-70-million-smes-go-digital/articleshow/79440238.cmsSynopsis On the road to digitization, small businesses in India are now betting on easy-to-use accounting and bookkeeping apps for their day-to-day work. COVID-19
ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-borrowers-to-repay-principal-amount-in-48-installments-post-1-year-moratorium/articleshow/79438893.cmsSynopsis The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidelines released
Atmanirbhar Bharat 3.0 package: ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-scheme-govt-extends-credit-guarantee-scheme-to-27-sectors/articleshow/79439048.cmsSynopsis The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. “Under
SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW
interest loan waiver scheme: Who is eligible for compound interest waiver during moratorium and how much will be the benefit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/who-is-eligible-for-compound-interest-waiver-during-moratorium-and-how-much-will-be-the-benefit/articleshow/78843816.cmsSynopsis The central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up
MSMEs in a fix over CBDT’s recent circular – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-in-a-fix-over-cbdts-recent-circular/article32755156.ece The guidelines have been issued with immediate effect In the name of simplifying procedures and removing certain difficulties in the system, the Government
Is it curtains for the interest-waiver issue? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-it-curtains-for-the-interest-waiver-issue-120102500916_1.html Interest is not being waived and the benefit is extended to all – including those who have not availed of the loan moratorium.
EMI moratorium latest news: Didn’t skip EMIs during lockdown? Get cashback from your bank: Government
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/didnt-skip-emis-during-lockdown-get-cashback-from-your-bank-government/articleshow/78843824.cmsSynopsis The government on Friday spelt out the details of the waiver of interest on interest on loans up to Rs 2 crore where
Centre announces interest waiver scheme for loans up to Rs 2 crore – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/business-news/centre-announces-interest-waiver-scheme-for-loans-up-to-rs-2-crore/story-jZNh2ObQ55gTSzFQm7w5nO.html MSME loans, education loans, housing loans, consumer durable loans, credit card dues, automobile loans, personal, professional loans and consumption loans are eligible for
amitabh kant: India must become a key exporting nation: Amitabh Kant, CEO, Niti Aayog – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-must-become-a-key-exporting-nation-kant/articleshow/78822632.cmsSynopsis Amitabh Kant said that while India had made big changes in the MSME, mining and agricultural sectors, a sustained growth wouldn’t be possible
SMEs: The fault in our approach: India’s self-reliant push fails to recognize cottage industry as critical constituent – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-fault-in-our-approach-indias-self-reliant-push-fails-to-recognize-cottage-industry-as-critical-constituent/articleshow/78821343.cms Synopsis—The road to self-reliance seems to have bypassed millions of tiny businesses. Warped policies hurt them even more. For many of us, Mahila
Loan revamp: Clubbing of sectors won’t help – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/loan-revamp-clubbing-of-sectors-wont-help/article32920821.ece RBI’s restructuring plan, based on the Kamath panel report, points to a one-size-fits-all approach. Many units will be left out A shrinking GDP,
Work from office vs work from home: What helps small businesses to stay productive at reduced costs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-work-from-office-vs-work-from-home-what-helps-small-businesses-to-stay-productive-at-reduced-costs/2109722/ Ease of Doing Business for MSMEs: Daily, numerous mundane things are performed to run business operations that consume lots of productive time. With
Soon, small businesses on WhatsApp to sell through ‘shopping button’; allow users to add items, check out – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-soon-small-businesses-on-whatapp-to-sell-through-shopping-button-allow-users-to-add-items-check-out/2111887/ Technology for MSMEs: The move is likely to enhance WhatsApp Business’s use case as among the default platforms for businesses particularly small firms
New Intermediaries To Reach MSMEs–Economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/new-intermediaries-to-reach-msmes/ The Reserve Bank of India (RBI) has created yet another liquidity window for banks to finance small and medium enterprises, particularly in five
MSMEs in a fix over CBDT’s recent circular – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-in-a-fix-over-cbdts-recent-circular/article32755156.ece The guidelines have been issued with immediate effect In the name of simplifying procedures and removing certain difficulties in the system, the Government
