PSBs to focus on accelerating pace of lending to agriculture & MSMEs
“Shri M. Nagaraju, Secretary of Department of Financial Services, Leads Review Meeting with Public Sector Banks”On November 5, 2024, Shri…
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This travel priority for small and medium businesses is surprising
When it comes to booking travel for employees, many businesses rank one factor above all others. Business travel can be…
Loans to MSMEs show an uptick in current fiscal
Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others….
Frenzied retail demand pushing SME IPOs to dangerous heights: Sunil Subramaniam
This is exorbitant profit making. So, I think the regulator has to first put curbs on the merchant bankers. As…
Rs.26,000 crs. payments pending: MSMEs fail to find ‘Samadhaan’ with resolution mechanism
The Samadhaan portal was launched seven years ago to help MSMEs get payments faster. Despite some relief, loopholes in the…
Union Minister of MSME, Shri Jitan Ram Manjhi, briefed the media on 100 days’ achievements of the Government in MSME sector
The various initiatives launched over the past 100 days are aimed at promoting growth, boosting entrepreneurship, creating employment opportunities. The…
Govt sets higher MSME lending target of Rs. 27.5 lakh crores for FY25
The FY25 target is over 10% more than the previous year’s lending. The Secretary noted that the Government was looking…
Govt caps interest subvention amount at Rs 5 crores per IEC for MSME manufacturers
In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest…
CGTMSE guarantee coverage for women MSMEs increased to 90%: MSME Ministry
The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85% for loans up to…
MSMEs raise alarm over steel import duty hikes amid calls for more protection
This comes in the wake of assurances from Minister of Heavy Industries, HD Kumaraswamy and Commerce and Industry Minister, Piyush…