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  • Coronavirus impact | Over one-third MSMEs to shut up shop: Report Jun 02, 2020 03:53 PM IST

    Coronavirus impact | Over one-third MSMEs to shut up shop: Report

    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.

  • Want to apply for an MSME loan? Here are the steps to follow Jun 02, 2020 01:12 PM IST

    Want to apply for an MSME loan? Here are the steps to follow

    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.

  • Union Cabinet clears new definition of MSMEs, limit raised to Rs 250 crore Jun 01, 2020 04:50 PM IST

    Union Cabinet clears new definition of MSMEs, limit raised to Rs 250 crore

    Businesses with an investment of less than Rs 10 crore and turnover less than Rs. 50 crore will now be classified as small enterprises

  • MSP hike, equity scheme for MSMEs and more: Key takeaways from Cabinet briefing Jun 01, 2020 04:39 PM IST

    MSP hike, equity scheme for MSMEs and more: Key takeaways from Cabinet briefing

    Among the key decisions, the Centre approved revision in the definition of MSMEs and cleared a credit scheme for street vendors.

  • Credit guarantees of 1970s make a comeback May 30, 2020 06:06 AM IST

    Credit guarantees of 1970s make a comeback

    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

  • Modi Govt 2.0 | Bold steps with a focus on long-term reforms May 29, 2020 10:35 AM IST

    Modi Govt 2.0 | Bold steps with a focus on long-term reforms

    The Narendra Modi-led government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy

  • Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief package May 28, 2020 02:55 PM IST

    Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief package

    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.

  • Wield the magic wand to trigger demand May 28, 2020 10:11 AM IST

    Wield the magic wand to trigger demand

    Central government needs to tap all available resources and do more to salvage the economy as quickly as possible

  • Congress to launch 'SpeakUp' campaign to raise voice of poor, migrants, small businesses May 27, 2020 01:38 PM IST

    Congress to launch 'SpeakUp' campaign to raise voice of poor, migrants, small businesses

    Congress spokesperson Ajay Maken said the party leaders, workers and sympathisers will run the online campaign from 11 am to 2 pm on Thursday.

  • More liquidity needed; states can come up with Rs 20 lakh crore: Nitin Gadkari May 27, 2020 07:25 AM IST

    More liquidity needed; states can come up with Rs 20 lakh crore: Nitin Gadkari

    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.

  • Govt notifies Rs 3 lakh crore MSME credit guarantee scheme: Here's all you need to know May 26, 2020 05:54 PM IST

    Govt notifies Rs 3 lakh crore MSME credit guarantee scheme: Here's all you need to know

    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).

  • Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari May 25, 2020 07:20 PM IST

    Major industries, govt agencies owe about Rs 5 lakh crore in outstanding dues to MSMEs: Nitin Gadkari

    "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.

  • CBIC clears Rs 11,052 crore GST refund claims since April 8 May 25, 2020 04:05 PM IST

    CBIC clears Rs 11,052 crore GST refund claims since April 8

    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.

  • Bank of Baroda to offer up to Rs 12,000 crore loans to MSMEs under credit guarantee scheme May 23, 2020 07:25 PM IST

    Bank of Baroda to offer up to Rs 12,000 crore loans to MSMEs under credit guarantee scheme

    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

  • MSMEs seek nine-month extension in moratorium on loan repayments: Report May 20, 2020 01:50 PM IST

    MSMEs seek nine-month extension in moratorium on loan repayments: Report

    The ongoing three-month moratorium period ends on May 31

  • MSME prop — Act local but think global May 20, 2020 09:26 AM IST

    MSME prop — Act local but think global

    Self-reliance is praiseworthy as long as it helps in churning out products that compete with the best in the world

  • COVID-19 | Stimulus package falls short of meeting immediate concerns May 20, 2020 09:20 AM IST

    COVID-19 | Stimulus package falls short of meeting immediate concerns

    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

  • Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari May 20, 2020 08:41 AM IST

    Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari

    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).

  • Need for speedy implementation of recent measures for NBFCs: India Ratings and Research May 19, 2020 08:25 PM IST

    Need for speedy implementation of recent measures for NBFCs: India Ratings and Research

    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.

  • Suspension of IBC: It’s a half-baked solution to ease financial stress May 19, 2020 09:41 AM IST

    Suspension of IBC: It’s a half-baked solution to ease financial stress

    Even in developed jurisdictions, none have suspended ability of debtor companies to submit themselves to the insolvency process

  • 75 percent of stimulus package is liquidity boosts and guarantees for banks. Will lenders play ball? May 18, 2020 09:14 AM IST

    75 percent of stimulus package is liquidity boosts and guarantees for banks. Will lenders play ball?

    Banks’ reluctance to lend to sectors perceived as risky is unlikely to see a big change following the FM’s announcements

  • Explained | Revised definition of MSMEs May 16, 2020 10:20 AM IST

    Explained | Revised definition of MSMEs

    Moneycontrol's Shraddha Sharma explains the modified definition of MSMEs in contrast to the existing classification.

  • COVID-19 | Liquidity package will ease stress, but hangover is too intense May 15, 2020 10:18 AM IST

    COVID-19 | Liquidity package will ease stress, but hangover is too intense

    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

  • MSMEs want global tenders to be compulsorily replaced May 14, 2020 08:22 PM IST

    MSMEs want global tenders to be compulsorily replaced

    The move is aimed at protecting MSMEs adversely affected due to the lockdown and to ensure assured demand for their products and services

  • Stimulus effect: Industry lobby writes to Sitharaman, wants startups included in MSMEs May 14, 2020 05:07 PM IST

    Stimulus effect: Industry lobby writes to Sitharaman, wants startups included in MSMEs

    The sector wants to be included in the financial package announced by the government.

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