Government to launch new credit guarantee scheme for MSMEs covering loans up to Rs.100 crores
Finance Minister, Nirmala Sitharaman, in her Budget 2024-25 announcement, highlighted the scheme’s framework. It aims to facilitate term loans for…
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MSMEs Prioritize Loans for Immediate Needs: Study
A recent study by Paisabazaar reveals that over 70% of MSMEs and self-employed individuals seek loans for immediate financial needs,…
Government Moves to Decriminalise Minor Defaults for MSMEs
The government is reviewing the decriminalisation of minor offenses under the MSMED Act to ease the burden on MSMEs. This…
Govt Drives Defence Tech Innovation with MSMEs, Startups
The government is accelerating India’s transformation into a defence technology hub by actively involving MSMEs, startups, and academia in projects…
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…
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…