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As per the report, the default rate may increase going forward as the pandemic-induced relief measures are withdrawn and volatile input prices create cost pressure for the industry in general, and for entities rated in the sub-investment-grade category, in particular,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