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Tuesday, May 24, 2022

MSMEs

MSMES NEWS

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.

Become supply hub, set Rs 10 lakh crore target: Goyal to plastics sector

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.

SGX to begin operations at GIFT City from July, says Singapore High Commissioner

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.

Covid-hit MSMEs get Rs 6,062-crore booster

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.

Pune: MSMEs reeling under escalation in raw material, fuel prices as financial year nears end

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.

Loss in business, costlier raw material spell double whammy for MSMEs amid pandemic

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.

Led by MSMEs, credit growth to industry picks up 4.1% in October

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.

Banks meet 25% of credit target as MSME activities pick up

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.

MSMEs now getting recognition: FM at launch of fund for export-oriented units

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.

MSME liquidity line set to widen as more NBFCs start ‘factoring’

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.

MSMES VIDEOS

How demonetisation and GST hit MSMEs: News in Numbers

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.

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