Jun 02, 2020 03:53 PM IST
Around 32 percent of a survey's participants said their business will take 6 months to recover while 12 percent said it would take three months.
- Jun 02, 2020 01:12 PM IST
Banks and NBFCs offer MSME loans to the applicant only if certain eligibility criteria meets. MSME loans are also unsecured loans. The Government of India and Reserve Bank of India (RBI) define MSME loans, as the loans for business enterprises need support in terms of finance, infrastructure and other areas.
- Jun 01, 2020 04:50 PM IST
Businesses with an investment of less than Rs 10 crore and turnover less than Rs. 50 crore will now be classified as small enterprises
- Jun 01, 2020 04:39 PM IST
Among the key decisions, the Centre approved revision in the definition of MSMEs and cleared a credit scheme for street vendors.
- May 30, 2020 06:06 AM IST
The impact of the COVID-19 crisis has been so acute that it has left the government with little choice but to consider measures often regarded as relics of the past
- May 29, 2020 10:35 AM IST
The Narendra Modi-led government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy
- May 28, 2020 02:55 PM IST
As per a set of FAQs, GECL is a loan for which 100 percent guarantee would be provided by National Credit Guarantee Trustee Company to Member Lending Institutions (MLIs) -- banks, financial institutions and NBFCs.
- May 28, 2020 10:11 AM IST
Central government needs to tap all available resources and do more to salvage the economy as quickly as possible
- May 27, 2020 01:38 PM IST
Congress spokesperson Ajay Maken said the party leaders, workers and sympathisers will run the online campaign from 11 am to 2 pm on Thursday.
- May 27, 2020 07:25 AM IST
The road transport, highways and MSME minister said these, including the Rs 20 lakh crore package announced by the Centre, would result in Rs 50 lakh crore liquidity in the market to battle the adverse impact of the novel coronavirus pandemic on the economy.
- May 26, 2020 05:54 PM IST
Under this scheme, MSMEs borrowers with up to Rs 25 crores of total borrowing can avail an additional 20 percent of the loan outstanding from banks, NBFCs, and other financial institutions (FI).
- May 25, 2020 07:20 PM IST
"State governments, their ministries and public sector undertakings, Government of India, its ministries and undertakings, and major industries combined owe an estimated Rs 5 lakh crore to MSMEs, money that is stuck and not cleared," Gadkari said.
- May 25, 2020 04:05 PM IST
The finance ministry had on April 8 said that to provide relief during COVID-19 it has been decided to issue all pending GST and custom refunds which would benefit around 1 lakh business entities, including MSME.
- May 23, 2020 07:25 PM IST
All existing MSME borrowers with outstanding credit of up to Rs 25 crore as on February 29 and with an annual turnover of up to Rs 100 crore would be eligible for funding under the scheme
- May 20, 2020 01:50 PM IST
The ongoing three-month moratorium period ends on May 31
- May 20, 2020 09:26 AM IST
Self-reliance is praiseworthy as long as it helps in churning out products that compete with the best in the world
- May 20, 2020 09:20 AM IST
The package of Rs 20 lakh-crore covers an extensive range, but it falls short of meeting the concerns of the poor. The liquidity measures taken by the government were from the supply side; it needs a concrete fiscal stimulus to revive demand
- May 20, 2020 08:41 AM IST
Unveiling the contours of the Rs 20 lakh crore stimulus package, Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of micro, small and medium enterprises (MSMEs).
- May 19, 2020 08:25 PM IST
In order to support NBFCs, the government had announced steps such as Rs 30,000 crore of special liquidity scheme for NBFCs, housing finance companies and micro finance companies, Rs 45,000 crore of partial credit guarantee scheme and Rs 50,000 crore equity infusion for MSMEs through Fund of Funds, among others.
- May 19, 2020 09:41 AM IST
Even in developed jurisdictions, none have suspended ability of debtor companies to submit themselves to the insolvency process
- May 18, 2020 09:14 AM IST
Banks’ reluctance to lend to sectors perceived as risky is unlikely to see a big change following the FM’s announcements
- May 16, 2020 10:20 AM IST
Moneycontrol's Shraddha Sharma explains the modified definition of MSMEs in contrast to the existing classification.
- May 15, 2020 10:18 AM IST
Given the weak backdrop and a dire future outlook, the severity of the long duration COVID-19 shock raises serious concerns about lasting damage to output and productivity
- May 14, 2020 08:22 PM IST
The move is aimed at protecting MSMEs adversely affected due to the lockdown and to ensure assured demand for their products and services
- May 14, 2020 05:07 PM IST
The sector wants to be included in the financial package announced by the government.