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  • 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.

  • BHEL to procure goods worth Rs 3,000 crore from MSMEs annually Apr 16, 2021 09:16 PM IST

    BHEL to procure goods worth Rs 3,000 crore from MSMEs annually

    The company has earmarked 300 products, which are to be picked up from the small and medium enterprises, its executive director Anil Joshi said while speaking at a webinar on reigniting growth for the MSMEs.

  • Stakeholders, policy-makers have to give special focus to SMEs, says Jitendra Singh Apr 16, 2021 09:00 PM IST

    Stakeholders, policy-makers have to give special focus to SMEs, says Jitendra Singh

    Singh, the Union Minister for Development of North Eastern Region (DoNER), said that in times like this, joint initiatives and joint ventures will be imperative to put back on track all that had tended to get off the track due to COVID-19 related turbulence.

  • Punjab announces MSME sector reforms to reduce regulatory burden Apr 15, 2021 10:38 PM IST

    Punjab announces MSME sector reforms to reduce regulatory burden

    Singh underlined his government's commitment to reduce time, risk, and cost associated with compliance significantly, freeing up entrepreneurs to focus on growth.

  • 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.

  • Having a social relevance is good for business Apr 14, 2021 08:40 AM IST

    Having a social relevance is good for business

    Research also shows that companies will have negative impact when consumers find that their social cause support is purely from a short-term business interest.

  • 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.

  • Systemic risk in Indian banks remains high due to COVID-19 second wave: S&P Apr 12, 2021 10:36 PM IST

    Systemic risk in Indian banks remains high due to COVID-19 second wave: S&P

    S&P said the balance sheet weakness in smaller businesses is likely to contribute to incremental non-performing loans (NPLs) for Indian banks.

  • Gems, jewellery exports drop 25.71% to Rs 185,952.34 crore in FY21: GJEPC Apr 12, 2021 10:21 PM IST

    Gems, jewellery exports drop 25.71% to Rs 185,952.34 crore in FY21: GJEPC

    In March, the overall exports grew by 73.98 percent to Rs 24,729.57 crore, compared to Rs 14,214.24 crore in March 2020.

  • 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.

  • Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21 Apr 09, 2021 09:03 PM IST

    Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21

    The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.

  • 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.

  • How small businesses can use social media for consumer insights Apr 07, 2021 06:23 PM IST

    How small businesses can use social media for consumer insights

    While many marketers want to use social media to help capture voice of consumer, most SMEs not doing this well today.

  • 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.

  • Banks sanction Rs 25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years Apr 04, 2021 09:11 PM IST

    Banks sanction Rs 25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years

    Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks.

  • Gold loan book may see a correction in H1; expect 20-25% industrial growth: Indel Money Apr 04, 2021 06:03 PM IST

    Gold loan book may see a correction in H1; expect 20-25% industrial growth: Indel Money

    The company currently has assets under management (AUM) of Rs 650 crore and expecting a growth of 30 percent.

  • Delayed-payment applications disposed of by States’ MSEFCs rise 152% Apr 02, 2021 12:17 PM IST

    Delayed-payment applications disposed of by States’ MSEFCs rise 152%

    The number of delayed-payment applications rejected by the Micro and Small Enterprise Facilitation Councils jumped 102 percent during the same time period

  • 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.

  • Pakistan to import cotton from India till June-end, sugar up to 500,000 tonnes Mar 31, 2021 06:16 PM IST

    Pakistan to import cotton from India till June-end, sugar up to 500,000 tonnes

    The decision has been taken after considering the economic interests of the common people and small and medium enterprises, Pakistan's finance minister.

  • MSME Sambandh: Government surpasses procurement target in FY21; five ministries beat the 25 percent target for financial year Mar 31, 2021 03:16 PM IST

    MSME Sambandh: Government surpasses procurement target in FY21; five ministries beat the 25 percent target for financial year

    Despite bettering the objective, the annual acquisition from SC/ST and women entrepreneurs, earmarked at 4 percent and 3 percent respectively, has continued to miss the target for the third consecutive financial year

  • How to build a healthy pipeline through marketing Mar 31, 2021 01:51 PM IST

    How to build a healthy pipeline through marketing

    What experts say is that the ROI from social media has to be rated at 5 as the networking is virtually free of cost. What they do not understand is that there is a cost on time invested and people deployed.

  • 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.

  • Govt approves 45 projects related to food processing Mar 26, 2021 10:02 PM IST

    Govt approves 45 projects related to food processing

    About 45 projects have been approved under different components of the Pradhan Mantri Kisan Sampada Yojana (PMKSY).

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