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  • 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.

  • CAIT demands restoration of MSME status for 8 crore traders Mar 14, 2021 10:42 AM IST

    CAIT demands restoration of MSME status for 8 crore traders

    The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal told PTI.

  • Commerce Ministry to launch 'Atmanirbhar Niveshak Mitra' portal for domestic investors; here are the details Mar 12, 2021 07:06 PM IST

    Commerce Ministry to launch 'Atmanirbhar Niveshak Mitra' portal for domestic investors; here are the details

    The portal is in the testing phase and the final version will be ready for launch by May 15, 2021.

  • Nitin Gadkari sets a target of 5,000 artisan clusters under SFURTI Mar 09, 2021 02:58 PM IST

    Nitin Gadkari sets a target of 5,000 artisan clusters under SFURTI

    As on date, 394 clusters have been approved under SFURTI, out of which 93 are functional clusters, assisting 2.34 lakh beneficiaries.

  • Registrations on MSME portal Udyam cross 25-lakh mark, says government Mar 08, 2021 08:30 PM IST

    Registrations on MSME portal Udyam cross 25-lakh mark, says government

    The online portal, meant to ease registration of MSMEs, saw registration of 25,20,341 enterprises as of March 5.

  • Public procurement from women-owned MSEs in FY21 surpasses FY20 level Mar 05, 2021 07:27 PM IST

    Public procurement from women-owned MSEs in FY21 surpasses FY20 level

    So far this fiscal, CPSEs have purchased goods worth Rs 558.85 crore, benefitting 3596 MSEs.

  • NSE, SIDBI sign MoU to explore feasibility of debt capital platform for MSMEs Mar 02, 2021 07:55 PM IST

    NSE, SIDBI sign MoU to explore feasibility of debt capital platform for MSMEs

    After exploring the feasibility of a debt capital platform, both the institutions will plan the next steps ahead "based on the market feedback" , NSE MD and CEO Vikram Limaye said.

  • About 13 lakh MSMEs in Uttar Pradesh get Rs 42,700 crore loan in FY21 Feb 27, 2021 06:49 PM IST

    About 13 lakh MSMEs in Uttar Pradesh get Rs 42,700 crore loan in FY21

    About 41.16 per cent of bank accounts have been covered under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) against the total Jan Dhan accounts in UP.

  • Indian Bank signs MoU with SID of IISc, for funding Start-ups and MSMEs Feb 19, 2021 02:54 PM IST

    Indian Bank signs MoU with SID of IISc, for funding Start-ups and MSMEs

    This initiative is a part of the Banks scheme Ind Spring Board for financing Start-ups and will empower Start-ups and MSMEs to realise their research efforts powered by financial support from the Bank and backed by incubation facilities offered by SID, it said in a release.

  • Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO Feb 18, 2021 12:47 PM IST

    Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO

    The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.

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