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MSME SECTOR NEWS

CII chief TV Narendran: ‘Industry can’t have unfair expectations on interest rate cycle’

April 26, 2022 11:38 am

Many MSMEs have also done well but there are many who have struggled. So you need to have a sector-specific approach rather than a MSME approach in general because not all of them are doing badly.

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Covid-hit MSMEs get Rs 6,062-crore booster

March 31, 2022 12:41 am

The support for the Raising and Accelerating MSME Performance (RAMP) programme, announced in Budget for FY23, will be extended over five years.

Mann Ki Baat: Rs 30 lakh cr export target met, PM credits farmers, MSMEs

March 28, 2022 1:19 am

Referring to the government e-market (GeM portal), Modi said even small entrepreneurs were playing a major partnership role in procurement through the portal.

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Covid, lockdown hit MSMEs hardest, their bad loans spiked Rs 20,000 crore in 2020-21

March 12, 2022 4:41 pm

Gross non-performing assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 crore to Rs 1,65,732 crore as of September 2021 from Rs 1,45,673 crore in September 2020, the RBI said in response to a Right to Information (RTI) application by The Indian Express.

Led by MSMEs, credit growth to industry picks up 4.1% in October

December 01, 2021 4:21 am

In absolute terms, outstanding credit to the industry rose by Rs 1.13 lakh crore on a year-on-year to Rs 28.54 lakh as of October 2021, according to the latest RBI data.

MSME liquidity line set to widen as more NBFCs start ‘factoring’

August 03, 2021 9:46 am

Factoring law amendments have been cleared in both Houses of Parliament in the current session. This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now.

‘ECLGS, unlocks help MSME credit offtake rise 6.6% in FY21’

July 29, 2021 12:12 am

Strong rebound in credit demand, accompanied by equally strong credit supply and Emergency Credit Line Guarantee Scheme (ECLGS) support, led to growth in the credit outstanding amount of MSME sector to Rs 20.21 lakh crore, with year-on-year growth of 6.6 per cent, says a report from TransUnion Cibil and SIDBI.

Stimulus ‘inadequate’, 25% of MSME loans may default: Panel

July 28, 2021 7:30 am

Expressing concern over the grim situation of small enterprises, the committee recommended the government to unveil a “larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs.”

Covid divide: MSMEs hit while large cos gain from low rates

July 08, 2021 12:51 am

Large firms made good use of low interest rates, wage costs and raw materials last year to boost operating profits. While large corporates strengthened their balance sheet, MSMEs experienced a dent in their financial performance.

Payment to MSMEs: Pending cases highest in Maharashtra

June 21, 2021 8:36 pm

Timely payment from companies that outsource their works to MSMEs is one of the fundamentals of business for the sector. In case of delayed payment, most MSMEs face problem in raising funds to service loans or pay for raw materials or employees.