44% MSMEs feel stimulus package not good enough
Forty four per cent of respondents said the relief measures announced by the government earlier this week did not meet expectations and 86% wanted direct cash support from the government.
MSMEs still wary of fresh loans
MSMEs expected a direct relief from the government in terms of waiving of electricity bills, payment of salar...
MSMEs and exporters get some relief from RBI
The maximum permissible period of pre-shipment and post-shipment export credit sanctioned by ban...
Non-MSMEs to get cheap, govt-guaranteed loans too
While the scheme has been broadly referred to as the MSME guarantee scheme, the terms of coverage are quite broad and will include other businesses as well.
ET Edit: MSMEs in need of immediate succour
A practical solution might be for the government to direct banks to give loans with 100% interest subsidy, for a quantum that would cover these enterprises’ fixed costs for a four-month period, to their small business clients, particularly those borrowing under the Mudra scheme.
Pushing for clearance of dues to MSMEs within 45 days: Nitin Gadkari
To ensure that MSME players get their dues within 45 days is a priority for the government now, says Nitin Gadkari.
Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief package
It seeks to provide much-needed relief to the MSME sector by incentivising lending institutions to provide additional credit of up to Rs 3 lakh crore at low cost, thereby enabling MSMEs to meet their operational liabilities and restart their businesses.
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.
Government fast-tracks new definition of MSMEs
The plan, which has been in the works for months, is likely to be part of the stimulus package.
IIT-M, industry bodies to study COVID-19 impact on MSMEs
The phases of lockdown announced by the government witnessed a revenue shortfall of more than 60 per cent for the sector, creating an unprecedented crisis to the industry.
Bank of Baroda to offer up to Rs 12k cr 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.
HAPPY launches Lockdown Loans for MSMEs
HAPPY interacted with nearly 300 MSMEs via a survey to understand their sentiments and painpoints before designing the new feature.
Rs 20 lakh crore Atmanirbhar Bharat package: What’s in it for MSMEs
Finance Minister Nirmala Sitharaman on Wednesday announced revisions in the definition of Micro Small and Medium Enterprises while deliverin...
Change in definition of MSMEs will give huge boost to industry: Nitin Gadkari
While speaking to ANI amid coronavirus pandemic on May 13, the Union Minister of Micro, Small & Medium Enterprises, Nitin Gadkari spoke on e...
Govt set to guarantee up to Rs 3 lakh cr loans to MSMEs
The finance ministry has floated a proposal for the Union cabinet to guarantee fresh working capital limits to small units through the National Credit Guarantee Trustee Company so that small businesses are not starved of working capital.
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