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Thursday, August 13, 2020

MSME sector

MSME SECTOR NEWS

With $2 billion in exports, MSMEs get international reach via Amazon’s GSP

July 21, 2020 5:01 am

Amazon aims for its Global Selling Programme to reach $10 billion in exports by Indian sellers by 2025.

Govt’s new MSME push: Providing credit to individual entrepreneurs

July 04, 2020 12:27 am

Under the ECLGS scheme, banks are offering up to Rs 3 lakh crore of government-guaranteed loans — an extra 20 per cent of outstanding loans to their MSME borrowers that are non-NPA.

Assam announces ordinance allowing land conversion for MSMEs without clearances

July 02, 2020 4:50 am

The ordinance is yet to be notified or receive the Governor’s assent but the announcement has triggered criticism by the Opposition as well as on social media.

World Bank to give $750 million funding support to MSMEs

July 02, 2020 12:58 am

The programme will help in improving funding capacity of small finance banks (SFBs) and non-banking financial companies (NBFCs) for the MSME sector.

Those in need

June 29, 2020 12:03 am

Government should consider widening scope of collateral-free loans to MSMEs.

Emergency credit: PSU banks sanction Rs 40,416 crore to MSME sector, highest in Gujarat and Tamil Nadu

June 22, 2020 5:09 am

Gujarat and Tamil Nadu received the highest sanctions of `4,156 crore and `4,012 crore, respectively, till June 18, according to government data.

PSBs press accelerator to sanction loans under govt’s MSME package

June 18, 2020 12:30 am

Sanction average of Rs 3.75L per borrower to over 8.54L accounts in last fortnight.

SBI disburses Rs 8,700 crore to MSMEs under emergency credit guarantee scheme

June 16, 2020 5:35 pm

As per the directions of the finance ministry, SBI and other banks rolled out the Guaranteed Emergency Credit Line (GECL) loan product to support MSMEs and business enterprises as per the guidelines of NCGTC.

Despite high share of MSME a/cs, coop banks not covered under credit guarantee scheme

June 16, 2020 4:28 am

The measures announced to help the MSME sector included collateral-free loan, automatic loans backed by government guarantee and updated definitions of MSMEs.

‘47% MSMEs feel alternative finance options needed for those not qualifying for govt loan scheme’

June 09, 2020 12:58 am

78 per cent of the MSMEs are of the view that the government package could have been better, though in terms of financial adequacy, 71 per cent of them said that the quantum was adequate, as per the survey.