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  • Crisil says half of its rated mid-sized firms eligible for loan recast under new guidelines May 06, 2021 08:41 PM IST

    Crisil says half of its rated mid-sized firms eligible for loan recast under new guidelines

    Crisil said it rates 6,800 mid-sized entities and more than half of them are small and medium enterprises (SMEs) having a bank loan exposure of up to Rs 25 crore.

  • Crisil says half of the mid-sized companies it rates eligible for second round of restructuring May 06, 2021 04:18 PM IST

    Crisil says half of the mid-sized companies it rates eligible for second round of restructuring

    The RBI on May 5, announced a slew of measures to mitigate impact of the pandemic on the businesses and individuals, including restructuring window for small businesses.

  • RBI Governor announces key measures to tide over COVID impact May 05, 2021 04:54 PM IST

    RBI Governor announces key measures to tide over COVID impact

    A quick wrap of the key announcements made by the RBI Governor, in an unscheduled address today, to tide over Covid second wave.

  • SIDBI launches loan products for MSMEs to bolster supply for COVID-19 fight Apr 30, 2021 05:54 PM IST

    SIDBI launches loan products for MSMEs to bolster supply for COVID-19 fight

    The schemes are devised under the guidance from Government of India which facilitates funding for production and services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs, it said.

  • Bringing MSMEs back on the growth trajectory Apr 29, 2021 04:35 PM IST

    Bringing MSMEs back on the growth trajectory

    This is a special feature as part of India on the Move Series (Season 4), an initiative by Standard Chartered Bank and CNBC-TV18

  • FISME writes to FinMin, demands action against raw material providers and revision in NPA norms Apr 29, 2021 02:43 PM IST

    FISME writes to FinMin, demands action against raw material providers and revision in NPA norms

    The woes of the MSME sector, facing a liquidity and supply crunch, shortage of labour and non-payment of dues forced by the pandemic-induced lockdown in 2020, continues

  • Bank of Maharashtra aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process Apr 24, 2021 05:37 PM IST

    Bank of Maharashtra aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process

    Rudra said under the pre-packaged insolvency resolution system, the government has given an opportunity for MSMEs to resolve their stress at an early stage while holding control over their business.

  • NBFCs seek extension of MSME restructuring scheme until March 2022 Apr 18, 2021 04:23 PM IST

    NBFCs seek extension of MSME restructuring scheme until March 2022

    The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.

  • MSME associations in Maharashtra oppose lockdown, seek clarity on units that can operate Apr 15, 2021 03:42 PM IST

    MSME associations in Maharashtra oppose lockdown, seek clarity on units that can operate

    According to the MSME Ministry’s FY21 annual report there are about 47.78 lakh MSMEs in Maharashtra as per the National Sample Survey 73rd Round (2015-2016) of which 47.60 micro and 17,000 medium enterprises respectively.

  • Badli Industrial Estate Association writes to MSME Ministry, requests extension of migration to Udyam Apr 13, 2021 10:04 PM IST

    Badli Industrial Estate Association writes to MSME Ministry, requests extension of migration to Udyam

    MSMEs which self certify their existence by registering on the government portal are eligible for a wide variety of benefits ranging from interest rate subsidy on bank loans, to exemption under direct tax laws, concession in electricity bills among others.

  • Why most MSMEs are not eligible for the pre-packed insolvency resolution process Apr 12, 2021 05:22 PM IST

    Why most MSMEs are not eligible for the pre-packed insolvency resolution process

    As per the Ordinance which has introduced Chapter III A calls for a prior registration under the Micro, Small and Medium Enterprises Development Act for a corporate debtor to be eligible for pre-packaged insolvency resolution process.

  • IBBI notifies regulations for pre-packaged insolvency resolution process Apr 09, 2021 11:04 PM IST

    IBBI notifies regulations for pre-packaged insolvency resolution process

    The regulations detail the forms that stakeholders are required to use, and the manner of carrying out various tasks by them as part of the pre-pack resolution process.

  • Helped 2.5 million MSMEs in India go online, enabled cumulative exports worth $3 billion: Amazon Apr 08, 2021 02:51 PM IST

    Helped 2.5 million MSMEs in India go online, enabled cumulative exports worth $3 billion: Amazon

    Last year, Amazon had announced an investment of USD 1 billion to digitally enable 10 million micro, small and medium enterprises (MSMEs), enable e-commerce exports worth USD 10 billion and create one million additional jobs in India by 2025.

  • RBI repo announcement: Exporters say banks not passing on benefits of low interest rate to businesses Apr 07, 2021 03:13 PM IST

    RBI repo announcement: Exporters say banks not passing on benefits of low interest rate to businesses

    The RBI has now kept the repo rate unchanged for the fifth consecutive meeting of its monetary policy committee. But exporters complain that they still cannot access loans at cheap rates. Moreover, industry insiders say the second wave of the Covid-19 pandemic has in effect dried up all chances of getting financial help from banks at a time when their working capital is dangerously low

  • Experts, industry bodies welcome pre-packed insolvency resolution process for MSMEs Apr 06, 2021 02:36 PM IST

    Experts, industry bodies welcome pre-packed insolvency resolution process for MSMEs

    The government had on April 4 amended the insolvency law by bringing in an ordinance that provides for a pre-packaged resolution process for micro, small and medium enterprises

  • Explained: Why pre-packaged insolvency resolution is great for MSME borrowers Apr 05, 2021 11:23 AM IST

    Explained: Why pre-packaged insolvency resolution is great for MSME borrowers

    Under the pre-packed framework, which will take effect through a government ordinance, MSME borrowers can retain control of the firm and negotiate a settlement with lenders without going through the entire IBC process. That saves time and money.

  • Govt brings ordinance for pre-packaged insolvency resolution of MSMEs under IBC Apr 05, 2021 09:10 AM IST

    Govt brings ordinance for pre-packaged insolvency resolution of MSMEs under IBC

    The ordinance aims to make insolvency resolution easier, faster and cost-effective for MSMEs using the ‘pre-pack’ process. It will act as an efficient alternative insolvency resolution process for MSMES under the IBC.

  • Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme Apr 01, 2021 03:45 PM IST

    Explained | Everything you wanted to know about Emergency Credit Line Guarantee Scheme

    The ECLGS aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.

  • About 76.31 lakh MSMEs face uncertainty as existing registration system ends Mar 30, 2021 04:22 PM IST

    About 76.31 lakh MSMEs face uncertainty as existing registration system ends

    Salunkhe clarified that the MSMEs which have not registered under Udyam will not lose the status of being an MSME if they fit under the new definition as given by the government, but will not be able to avail the benefits.

  • State of the economy: Cloudy with a chance of Covid-induced haemorrhaging Mar 24, 2021 06:31 PM IST

    State of the economy: Cloudy with a chance of Covid-induced haemorrhaging

    Moneycontrol’s reporters fanned out across three cities in different parts of the country to get a sense of the state of the economy. We looked at different layers of the economy, talking to wholesalers, retailers and MSMEs. And we found that things are far from hunky dory. While there are pockets of recovery, those in the business of business are still struggling

  • Credit guarantee fund trust approves 6.19 lakh loan applications from small businesses in FY21 Mar 22, 2021 07:01 PM IST

    Credit guarantee fund trust approves 6.19 lakh loan applications from small businesses in FY21

    CGTMSE is a trust which provides collateral-free loans to MSMEs. It provides a guarantee to the lending institutions up to a certain limit for all lending done by them to the enterprises in the MSME sector.

  • COVID-19 Update | 6 crore COVID-19 vaccine doses sent to 76 nations, 4.5 crore doses administered in India: Harsh Vardhan Mar 21, 2021 05:31 PM IST

    COVID-19 Update | 6 crore COVID-19 vaccine doses sent to 76 nations, 4.5 crore doses administered in India: Harsh Vardhan

    In a major boost to entrepreneurship in life sciences, Vardhan, the Minister for Science and Technology and Earth Sciences, inaugurated IMTECH Bio-Innovation Centre which is an extension of the Atal Incubation Centre (AIC)-CCMB, Hyderabad.

  • Yogi Adityanath’s ODOP scheme is preserving, promoting local art and crafts of Uttar Pradesh : Navneet Sehgal Mar 19, 2021 01:39 PM IST

    Yogi Adityanath’s ODOP scheme is preserving, promoting local art and crafts of Uttar Pradesh : Navneet Sehgal

    In three years since its inception, the One District One Product, a flagship initiative of Yogi Adityanath-led Uttar Pradesh government, has enrolled 80,000 artisans from across the state with 11,000 products available on Amazon.

  • Over Rs 2.46 lakh crore sanctioned under Emergency Credit Line Guarantee scheme: Govt Mar 18, 2021 08:35 PM IST

    Over Rs 2.46 lakh crore sanctioned under Emergency Credit Line Guarantee scheme: Govt

    Gadkari also said the ministry has been running various schemes to provide credit facilities to the MSME sectors such as an interest subvention scheme for incremental credit which offers a 2 per cent interest subsidy, Credit Guarantee Scheme for micro and small enterprises (MSEs) for collateral-free / third-party guarantee-free loans.

  • YES BANK’s holistic ecosystem for MSMEs is a one-stop platform for businesses Mar 17, 2021 07:24 PM IST

    YES BANK’s holistic ecosystem for MSMEs is a one-stop platform for businesses

    In the banking sector, YES BANK has been meeting customer expectations by rolling out solutions that offer hassle-free and convenient banking.

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