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  • Credit availability a big problem for MSMEs; Centre, banks must resolve it: Experts Jun 24, 2021 02:55 PM IST

    Credit availability a big problem for MSMEs; Centre, banks must resolve it: Experts

    The Micro, Small and Medium Enterprises sector in India is said to be the second-largest employment creator after agriculture, providing employment to an estimated 11 crore people.

  • MSME body AICA writes to PM, seeks intervention as price of raw material rises Jun 23, 2021 05:46 PM IST

    MSME body AICA writes to PM, seeks intervention as price of raw material rises

    As a result of the consecutive lockdowns in 2020 and 2021, the MSME sector has been facing a massive liquidity and supply crunch, shortage of labour and non-payment of dues.

  • HDFC Bank CEO Sashidhar Jagdishan bets big on five key businesses, says digital prime focus Jun 23, 2021 05:23 PM IST

    HDFC Bank CEO Sashidhar Jagdishan bets big on five key businesses, says digital prime focus

    The growth engines will be powered by HDFC Bank’s technology and digital platforms, Jagdishan said in the bank’s integrated annual report for FY21.

  • Less than 34 lakh MSMEs register on Udyam in 11 months; experts say compliance burden reason for low enrollment Jun 23, 2021 05:20 PM IST

    Less than 34 lakh MSMEs register on Udyam in 11 months; experts say compliance burden reason for low enrollment

    Most small enterprises do not register and declare their existence because they find it more suitable to stay away from the compliance structure. Add to it the hazards of facing income tax scrutiny

  • MSME Ministry extends validity of Udyog Aadhaar from March 31 to December 31, 2021 Jun 17, 2021 08:26 PM IST

    MSME Ministry extends validity of Udyog Aadhaar from March 31 to December 31, 2021

    The extension of the validity deadline would facilitate MSMEs registered under to avail benefits of the provisions under various existing schemes and incentives including Priority Sector Lending benefits of MSME

  • Government procures goods worth Rs 1,952 crore from MSEs in first two months of FY22 Jun 17, 2021 03:16 PM IST

    Government procures goods worth Rs 1,952 crore from MSEs in first two months of FY22

    Purchases from small businesses owned by women and SC/ST entrepreneurs fall short of targets

  • Govt simplifies registration process for MSMEs Jun 16, 2021 09:22 AM IST

    Govt simplifies registration process for MSMEs

    Announcing the measure, MSME minister Nitin Gadkari said that after getting registered, the MSME unit will be getting priority and finance.

  • Exclusive | COVID-19 second wave has taken a toll on SME collections: Shriram City Union Finance MD & CEO YS Chakravarti Jun 07, 2021 03:47 PM IST

    Exclusive | COVID-19 second wave has taken a toll on SME collections: Shriram City Union Finance MD & CEO YS Chakravarti

    Collection from SME accounts dropped to 80 percent in May, but most of those borrowers catered to essential needs and should be back on their feet soon, Chakravarti said.

  • MSME engineering exporters seek PM Modi's intervention on rising steel prices Jun 06, 2021 02:14 PM IST

    MSME engineering exporters seek PM Modi's intervention on rising steel prices

    In a letter to the prime minister, Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, particularly China, provide support to manufacturing units by providing steel and other inputs at much reasonable prices to boost competitiveness of their engineering sector in the global markets.

  • Despite COVID-19, Khadi industry witnesses strong sales worth Rs 3,079 crore in FY21 Jun 04, 2021 04:41 PM IST

    Despite COVID-19, Khadi industry witnesses strong sales worth Rs 3,079 crore in FY21

    Since 2019, e- commerce giants Flipkart and Amazon have been focussing on handicrafts and artisanal products to help local artisans and small businesses to come into the e commerce fold by launching Flipkart Samarth and Amazon Karigar.

  • Government’s ECLGS push sends banks’ exposure to MSMEs soaring Jun 03, 2021 01:53 PM IST

    Government’s ECLGS push sends banks’ exposure to MSMEs soaring

    The data for April shows that banks’ outstanding loans to medium enterprises jumped 44 percent between April 2020 and April 2021, while in the micro and small segment it rose nearly four percent

  • Stimulus, quick relief for hospitality, MSME, realty and construction likely May 27, 2021 07:06 PM IST

    Stimulus, quick relief for hospitality, MSME, realty and construction likely

    The government is considering steps to revive the worst-hit sectors of the economy with direct, immediate measures, unlike last year’s strategy that had many long-term policy announcements and reforms, sources say.

  • Fintechs now offer loans in exchange for a slice of start-up revenues May 24, 2021 05:48 PM IST

    Fintechs now offer loans in exchange for a slice of start-up revenues

    Revenue-based financing is becoming popular as it does not require promoters to dilute stake or provide collateral. In the current calendar year alone, new-age companies like GetVantage, Velocity Capital, Klub and N+1 Capital have lent money to at least 300 start-ups through this model.

  • BSE, Dun & Bradstreet India sign pact to foster MSME growth May 20, 2021 08:55 PM IST

    BSE, Dun & Bradstreet India sign pact to foster MSME growth

    The new partnership will provide Indian SMEs with access to Dun & Bradstreet's suite of data and analytics solutions through BSE SME and start-up platform.

  • IDBI Bank launches digital loan processing system for MSME, agri borrowers May 20, 2021 08:29 PM IST

    IDBI Bank launches digital loan processing system for MSME, agri borrowers

    The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a statement.

  • CBIC starts special drive to clear pending GST refund claims by month-end May 16, 2021 06:04 PM IST

    CBIC starts special drive to clear pending GST refund claims by month-end

    The CBIC also asked taxmen to ensure that communication with taxpayers is done through the GST portal, or if need be, through email using the official email ID of the officer.

  • 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.

  • 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.

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