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  • Why not a dedicated PLI scheme for MSMEs, experts ask govt Jul 30, 2021 06:44 PM IST

    Why not a dedicated PLI scheme for MSMEs, experts ask govt

    The MSME sector is the second-largest employment creator, providing employment to an estimated 11 crore people. It contributes to 30 percent of the GDP and accounts for 48 percent exports. Still, the existing PLI schemes are meant only for the corporates, they say. If govt wants self-reliance in manufacturing, it is a must, they argue.

  • SMEs, startups should start raising funds through capital market, say experts Jul 29, 2021 08:06 PM IST

    SMEs, startups should start raising funds through capital market, say experts

    Listed SMEs and startups will become globally competitive and offer a significant contribution to India's economic development and job creation, say experts.

  • Explained: All you need to know about the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 Jul 29, 2021 07:00 PM IST

    Explained: All you need to know about the Insolvency and Bankruptcy Code (Amendment) Bill, 2021

    The bill proposes a separate resolution process for insolvent small businesses, allowing them to initiate the proceedings and quicker settlement process.

  • Stimulus measures inadequate, larger economic package needed for recovery: Parliamentary panel Jul 28, 2021 01:20 PM IST

    Stimulus measures inadequate, larger economic package needed for recovery: Parliamentary panel

    Measures to bolster demand, investments, exports and employment generation are needed to help the economy, including micro, small and medium enterprises, to recover from the pandemic fallout, the committee said.

  • Dues of Rs 22,316 crore owed to MSMEs to be cleared in 45 days Jul 27, 2021 02:30 PM IST

    Dues of Rs 22,316 crore owed to MSMEs to be cleared in 45 days

    FM Nirmala Sitharaman told parliament she is personally monitoring the clearance of delayed payments to MSMEs for purchases by the Central government, public sector undertakings and central departments

  • Job creation, loan disbursement at all-time high under PMEGP; experts point to enhanced allocation Jul 23, 2021 07:41 PM IST

    Job creation, loan disbursement at all-time high under PMEGP; experts point to enhanced allocation

    The scheme primarily focuses on generating self-employment opportunities through micro-enterprise establishments in the non-farm sector thereby helping the unemployed youth.

  • Govt has included retail & wholesale trades under MSME category: Narayan Rane to Lok Sabha Jul 22, 2021 08:12 PM IST

    Govt has included retail & wholesale trades under MSME category: Narayan Rane to Lok Sabha

    As per the revised guidelines, retail and wholesale trade, earlier left out of the ambit of MSME will now get the benefit of priority sector lending (PSL) under RBI guidelines.

  • Over 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane Jul 22, 2021 02:57 PM IST

    Over 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane

    MSME minister Narayan Rane also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme.

  • MSMEs to get more access to cash with proposed change in factoring law, experts say Jul 21, 2021 06:05 PM IST

    MSMEs to get more access to cash with proposed change in factoring law, experts say

    The proposed Factoring Regulation (Amendment) Bill, 2020, is expected to increase competition in the business of factoring, in which companies can get immediate cash by selling their receivables at a discount.

  • U GRO Capital, Bank of Baroda launch Rs 1,000-crore MSME co-lending programme 'Pratham' Jul 21, 2021 04:07 PM IST

    U GRO Capital, Bank of Baroda launch Rs 1,000-crore MSME co-lending programme 'Pratham'

    The loan amount can range between Rs 50 lakh and Rs 2.5 crore, which will be offered at an interest rate starting from 8 percent with a maximum tenure of 120 months.

  • Insurance-averse MSME sector hit harder by Covid; experts call for higher coverage Jul 16, 2021 05:30 PM IST

    Insurance-averse MSME sector hit harder by Covid; experts call for higher coverage

    Barely 5 percent of small businesses take insurance cover because most of them opt for it only when a lender demands it. This makes MSMEs more vulnerable to uncertainties.

  • Explained | India’s latest move to secure more international trade finance and why it’s crucial for exports Jul 13, 2021 03:14 PM IST

    Explained | India’s latest move to secure more international trade finance and why it’s crucial for exports

    Without much publicity, the government has made a major move to break out of the chronic cycle of low working capital that plagues Indian exporters. The proposed International Trade Finance Services platforms will be a major boost to exporters.

  • Interview | Our response will, to some extent, depend on exactly what trajectory the economy will take: Sanjeev Sanyal Jul 13, 2021 10:17 AM IST

    Interview | Our response will, to some extent, depend on exactly what trajectory the economy will take: Sanjeev Sanyal

    In an exclusive interview with Moneycontrol, Principal Economic Advisor Sanjeev Sanyal said that the government is closely monitoring high-frequency data, and will have greater clarity on the trajectory of the economy, post the second wave of COVID-19, within weeks. It is then that a decision to provide further support could be taken.

  • Narayan Rane, the new MSME minister, has lot of cobwebs to clear Jul 08, 2021 03:07 PM IST

    Narayan Rane, the new MSME minister, has lot of cobwebs to clear

    Though the MSME sector is said to be the second-largest employment creator after agriculture, unskilled workforce and lack of technology have been the bane of the sector. Also, banks are unwilling to lend to the sector fearing that loans will turn NPAs

  • RBI asks banks to reclassify retail and wholesale trade as MSMEs as per revised criteria Jul 07, 2021 09:15 PM IST

    RBI asks banks to reclassify retail and wholesale trade as MSMEs as per revised criteria

    As per the existing definition of MSMEs, enterprises in the manufacturing and service categories are considered to be MSMEs.

  • Explained : Govt reinstates retailers, wholesalers as MSMEs, what benefits will they get, what are the concerns Jul 03, 2021 03:31 PM IST

    Explained : Govt reinstates retailers, wholesalers as MSMEs, what benefits will they get, what are the concerns

    Moneycontrol explains what is the present definition of MSMEs, when was wholesale and retail trade removed as MSMEs, what benefits will the trades get now and what are some of the concerns raised by the industry associations.

  • Government includes retail and wholesale trades as MSMEs Jul 02, 2021 02:18 PM IST

    Government includes retail and wholesale trades as MSMEs

    The government in June 2017 removed retail and wholesale traders from the MSME category

  • RBI extends interest subsidy scheme for exporters until September Jul 01, 2021 08:43 PM IST

    RBI extends interest subsidy scheme for exporters until September

    The extension takes effect from July 1, 2021, and ends on September 30, 2021, covering three months.

  • MSMEs hail government's initiative of putting in place ratings system Jun 30, 2021 03:48 PM IST

    MSMEs hail government's initiative of putting in place ratings system

    The move would provide credibility to small industries and facilitate loans for them from banks and abroad, making them attractive in the export market, say associations and sector experts.

  • FM Sitharaman asks ministries to surpass capex target set for FY22 Jun 29, 2021 09:18 PM IST

    FM Sitharaman asks ministries to surpass capex target set for FY22

    Sitharaman further urged the ministries to explore Public Private Partnership (PPP) mode for viable projects, the finance ministry said in a statement.

  • Walmart helps MSMEs get medical support to navigate COVID-19 Jun 29, 2021 02:18 PM IST

    Walmart helps MSMEs get medical support to navigate COVID-19

    MSMEs have been receiving capacity-building support through Walmart Vriddhi since the start of the pandemic, helping them grow to new markets through Flipkart and Walmart channels and the open marketplace, Nidhi Munjal, Vice President of International Partnership Services at Walmart, said, in a release here Tuesday.

  • MSME, tourism, healthcare among top 9 sectors to benefit most from Sitharaman balm: Experts Jun 29, 2021 02:08 PM IST

    MSME, tourism, healthcare among top 9 sectors to benefit most from Sitharaman balm: Experts

    Four of the eight announcements by the Finance Minister were new and the other four were extension of existing schemes. According to analysts, the stock market is likely to react positively as the steps will help economic recovery, with limited fiscal cost.

  • MSME credit scheme: Industry experts welcome fresh stimulus package, calls for more direct support over bank loans Jun 28, 2021 06:58 PM IST

    MSME credit scheme: Industry experts welcome fresh stimulus package, calls for more direct support over bank loans

    Microfinance lenders and sector analysts welcomed the move to increase the outlay for credit guarantee schemes and facilitate lending to bottom-of-the-pyramid borrowers. However, there still remains room to do more, they said.

  • Government plans to develop a system for financial ratings of MSMEs, says Union Minister Nitin Gadkari Jun 28, 2021 04:06 PM IST

    Government plans to develop a system for financial ratings of MSMEs, says Union Minister Nitin Gadkari

    There is potential for growth in sectors like shipping and biofuel industries, and banks should design products for such businesses, Gadkari said.

  • Some states concerned about proposed e-commerce rules, fear negative impact on jobs, MSMEs Jun 27, 2021 10:09 AM IST

    Some states concerned about proposed e-commerce rules, fear negative impact on jobs, MSMEs

    These state governments plan to suggest strong safeguard measures in the proposed rules to ensure that any changes in the Consumer Protection (E-Commerce) Rules, 2020 do not hamper their economic growth engines and revenue collections, officials from those states said.

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