Sep 29, 2020 10:28 AM IST
Sensex and Nifty50 have already rallied by over 50 percent each from the March lows, but a roaring rally post the stimulus measure, if any, is unlikely, say experts.
- Sep 24, 2020 09:21 PM IST
The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs).
- Aug 24, 2020 05:46 PM IST
As against an Amazon Web Services (AWS) or Google, companies have been turning to relatively smaller players for the service and pricing value they bring to the table
- Aug 10, 2020 08:41 PM IST
The objective is aimed at achieving a vibrant and synergised MSME (Micro, Small & Medium Enterprises) ecosystem in the state.
- Aug 01, 2020 05:57 PM IST
"We have also decided to cover individual loans given to doctors, chartered accountants for business purposes under the scheme," Financial Services Secretary Debasish Panda said.
- Jul 13, 2020 10:04 AM IST
The threshold of default under Section 4 of the IBC has been raised to Rs 1 crore from existing Rs 1 lakh.
- Jul 07, 2020 01:20 PM IST
Digital transformation is the key for MSMEs — not just to build business resilience and cope with the new reality, but also to develop a robust infrastructure to become future-ready.
- Jun 29, 2020 10:50 AM IST
A closer look at the emergency credit line guarantee scheme (ECLGS) numbers show, even though banks have been aggressive in ramping up loan sanctions, the actual disbursements are yet to pick up in a meaningful way.
- Jun 26, 2020 03:50 PM IST
The government revised the current definition of MSMEs with effect from July 1
- Jun 26, 2020 11:34 AM IST
Cut the regulatory cholesterol of complex laws and cumbersome paperwork — this will help small businesses focus their resources and energies towards efficiency and higher productivity
- Jun 26, 2020 10:17 AM IST
Solving the identity problem is necessary to enable a shift away from a survival mindset and towards a growth mindset
- Jun 23, 2020 08:53 PM IST
The report notes that despite the MSME-focussed steps announced by the Centre as part of the financial relief packages, the sector continues to experience stretched liquidity "given the long credit period extracted from MSMEs by large corporates, many of which have sufficient liquidity of their own."
- Jun 23, 2020 03:15 PM IST
Currently China’s presence in the Indian market is huge, and we cannot — at least for the moment — wish it away. What is required are structural reforms and appropriate policy interventions across sectors
- Jun 19, 2020 03:28 PM IST
Up to 19,000 people have applied for loans, five applications have been processed and Rs 20 lakh loans was released, according to the party website. Moves comes as as Rs 3 lakh crore MSME loan scheme has failed to take off.
- Jun 18, 2020 01:56 PM IST
In fact, on a cumulative basis, only half of the amount sanctioned is disbursed so far. PSB bankers are on an overdrive to make the scheme work under direction of the government
- Jun 16, 2020 03:18 PM IST
Public sector banks (PSBs) have sanctioned loans worth Rs 32,049.86 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprise (MSME) sector starting June 1. The scheme is the biggest fiscal component of the Rs 20-lakh crore Atmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
- Jun 16, 2020 02:55 PM IST
As per the directions of the finance ministry, SBI and other banks rolled out the Guaranteed Emergency Credit Line (GECL) loan product to support MSMEs and business enterprises as per the guidelines of NCGTC.
- Jun 15, 2020 03:59 PM IST
However, policy interventions by the Reserve Bank of India (RBI) and the finance ministry offer little hope because they cannot revive demand, which is crucial for the small businesses, the report said.
- Jun 11, 2020 01:45 PM IST
Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 percent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1.
- Jun 10, 2020 11:59 AM IST
FM Nirmala Sitharaman was reviewing the progress of the Rs 3 lakh crore Emergency Credit Guarantee Scheme for MSMEs
- Jun 10, 2020 10:03 AM IST
With huge reverse migration, the support structures and relevant programmes may be specifically designed so that the rural landscape generates hundreds of micro and small enterprises
- Jun 09, 2020 09:06 PM IST
The Finance Ministry on June 9 did a review of the scheme's progress so far in a meeting with senior bank officials.
- Jun 05, 2020 02:48 PM IST
For one, guidelines issued under the Emergency Credit Link Guarantee Scheme (ECLGS) are not uniform and different banks have framed their own guidelines leading to confusion and hardship in making use of the schemes at a time when industries are in dire straits, KASSIA President R Raju said in a statement.
- Jun 05, 2020 09:15 AM IST
The minister opined that strengthening of non-banking lenders or NBFCs, state cooperative banks, district cooperative banks, credit societies, etc is required to extend support to MSMEs during this challenging time.
- Jun 05, 2020 07:40 AM IST
The move is aimed at breaking the language barrier for millions of Indian entrepreneurs, micro, small and medium enterprises (MSMEs), local shops and retailers and help them benefit from e-commerce, a statement said.