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 17, 2022 12:39 am
Goyal praised the plastics sector for its performance on the exports front, as the industry achieved exports of $13 billion in FY22 with a growth of 30 per cent and lauded the export target of $25 billion it has set for 2025.
April 13, 2022 5:39 am
During the meeting, Patel discussed the possibility of fintech companies from Singapore setting up their base in GIFT City where SGX has already opened an office.
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.
March 09, 2022 11:37 pm
Since the start of the Russia-Ukraine crisis, the cost of raw materials like steel and iron have increased by Rs 9 per kilogram.
March 07, 2022 11:08 pm
As the pandemic hit both formal and informal businesses, MSMEs and other small firms were hit particularly hard with the double whammy of loss in business and increase in price of raw material.
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.
September 29, 2021 10:13 am
Along with agriculture, housing and education, lending to MSMEs is a priority sector for banks for extension of credit facility.
August 22, 2021 1:02 am
Finance Minister Nirmala Sitharaman was speaking at the launch of the ‘Ubharte Sitaare’ alternative investment fund, aimed at providing debt and equity funding to export-oriented MSMEs as well as providing them with the required technological support to make their businesses more competitive.
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.
June 22, 2020 6:11 pm
Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.