The MSME minister noted that from FY20, some 6,159 cases have been disposed by MSEFCs, involving an amount of Rs 2,905.15 crore
Purchases from small businesses owned by women and SC/ST entrepreneurs fall short of targets
The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 percent and with a maximum loan repayment tenure of five years.
"Over the last ten years, we have established a huge amount of capability to manage business at microfinance, used commercial vehicle (CV) finance or micro and small enterprise (MSE) finance segment. It is almost 70-80 percent of our clients. We are the only lender to them", PN Vasudevan, MD of Equitas Holdings told CNBC-TV18.
Haryana government has formulated a State Mini Cluster Development Scheme for promotion of micro and small enterprises in the state.
CRISIL believes the new guidelines will increase the usage and acceptance of credit ratings across micro and small enterprises (MSEs).
These additions are a result of the company’s recent acquisitions of Coyote Point Systems and XDN.
Angel Broking has come out with its report on Credit Analysis and Research (CARE) IPO. According to the research firm, CARE is expected to register at least similar kind of growth in its volume of debt rated. One can subscribe to the issue, says Angel.
Commerce and industry minister Anand Sharma will meet his Micro, Small and Medium Enterprises (MSME) counterpart Vayalar Ravi later this week to discuss sourcing norms related to FDI in single brand retail.
State Bank of India (SBI) has decided to buy credit guarantee cover for its loans below Rs 1 crore to micro and small enterprises (MSE), which are more prone to defaults in an environment of economic gloom and doom.
India's largest lender the State Bank of India (SBI) has decided to buy credit guarantee cover for its loans below Rs 1 crore to micro and small enterprises (MSE), which are more prone to defaults in an environment of economic gloom and doom. This will help the bank to recover loan amount in case any borrower stops repaying.
The proposed policy for compulsory government procurement from micro and small enterprises (MSEs) is under process for approval of the Cabinet, the government said today.
The MSME ministry is planning to set up a task force to help micro and small enterprises take advantage of the new procurement policy being framed by the government.
The market has been into a number of swinging sessions and taking a guess on the next movement is now a gamble, says CNBC-TV18’s Udayan Mukherjee. He believes there are murmurs of buying into 4,800. Investors may try and play for a bounce and the market may do what it did to the 5,200 levels.