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Sunday, August 09, 2020

MSME

MSME 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.

Banks sanction 36.7% of govt’s MSME package, lag in disbursals

July 05, 2020 1:40 pm

After a slow start, private banks are slowly catching up by sanctioning Rs 47,108 crore to 4.19 lakh borrowers under the package.

RBI asks banks to reclassify MSMEs as per revised criteria

July 02, 2020 8:45 pm

Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery.

Pune: MSME sector wants special transport for out-of-district labourers

July 02, 2020 12:55 am

With more than 4 lakh workers, MSME sector is a major employment generator for Pune district. At the beginning of the lockdown in March, large number of labourers – from other districts of the state and other states – went back to their native places.

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.

Banks sanction over Rs 1 lakh cr loans to 30 lakh MSMEs under credit guarantee scheme

June 30, 2020 10:20 pm

The latest number on ECLGS, as released by the Finance Ministry, comprises all 12 public sector banks (PSBs), 20 private sector banks and 8 NBFCs.

Of UP govt’s 1.25 crore jobs, over 1 crore went to MGNREGA and MSME sectors

June 27, 2020 1:35 am

Nearly 5 lakh workers have been given employment under self-help groups (SHGs), which includes a large number of women workers.

Punjab forms panel to sanction 100% loans to MSMEs by July 15, disbursal by July 31

June 25, 2020 10:34 pm

As per official data till June 19, out of total 1.65 lakh eligible MSMEs in Punjab, loans were sanctioned to more than 51000, accounting for 32 percent of the total eligible units.

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.

Pune: Labour trickles back but MSME sector hampered by liquidity problems

June 11, 2020 1:19 am

In Pune district alone, at least two lakh labourers had left for their home states and districts during the lockdown. While some have started returning, industries lack the funds to restart operations or pay labourers because orders remain sluggish