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Sunday, Sep 25, 2022

MSME

MSME NEWS

Tamil Nadu CM MK Stalin rolls out schemes for MSMEs, plan to back entrepreneurship development

September 16, 2022 2:37 pm

Presiding over the southern regional MSME meet, MK Stalin inaugurated Micro Clusters in southern Tamil Nadu, as part of efforts to ensure sustainable employment opportunities in semi-urban and rural regions.

Covid distress: One in 6 MSME loan accounts under Govt pandemic relief package turns NPA

September 08, 2022 4:30 pm

The government announced the ECLG Scheme for the MSME sector in May 2020, two months after the national lockdown announced in March. Loans under the ECLG scheme’s first component (ECLGS 1.0) allowed a two-year moratorium.

Construction, food MSMEs fuel post-Covid credit rise

August 17, 2022 7:05 am

Lenders to MSMEs say e-commerce was strong even during the pandemic, and retail and food services picked up about a year back.

Payment delays are crippling MSMEs. Public and private sectors must pay up what is due

July 26, 2022 8:20 am

Considering that MSMEs employ a sizable part of India's labour force, and are also suppliers to the larger economy, their financial distress has far reaching consequences. Appropriate steps should be taken to ease their woes.

Corporate defaults may rise again on cost pressures: Report

July 06, 2022 12:37 pm

As per the report, the default rate may increase going forward as the pandemic-induced relief measures are withdrawn and volatile input prices create cost pressure for the industry in general, and for entities rated in the sub-investment-grade category, in particular, dominated by MSMEs.

Small businesses can avail up to 60% discount on stay in OYO hotels from June 27-July 3

June 24, 2022 6:47 pm

The scheme, available for small and medium scale businesses, is being offered on the occasion of World MSME Day, the OYO said in a statement.

Govt wants to keep internet open, safe & accountable: Union minister Rajeev Chandrasekhar

May 21, 2022 5:44 pm

During the MSME event organised by NASSCOM, the Union minister inaugurated the “world’s first Smart Manufacturing Competency Centre” in Ahmedabad to help accelerate the adoption of smart manufacturing by India’s best innovators.

ICICI Bank launches digital ecosystem for MSMEs

April 28, 2022 7:14 pm

ICICI Bank said that anyone can avail of the benefits of its digital solutions by simply downloading the new version of the InstaBIZ app, or at the lender’s corporate internet banking platform.

Retail, MSMEs push credit growth rate to near double-digits

April 12, 2022 8:07 am

In absolute numbers, credit offtake almost doubled by Rs 10.43 lakh crore as of March 2022 as against Rs 5.78 lakh crore last year. Total credit outstanding was Rs 118.90 lakh crore as on March 25, 2022, the RBI data shows.

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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