MSMEs

Mudra loan: Have any grievances? Know where and how to register your complaints

Under Mudra loan, banks and Micro Finance Institutions extend loans in three categories.

 

Jan 11, 2021, 18:50 PM IST

Piyush Goyal urges CAs to help farmers understand benefits govt is trying to provide them

Union Minister Piyush Goyal said the government is constantly providing inputs and impetus to the Startup ecosystem to help them expand their base while addressing the ICAI's Startup Manthan 2.0.

Dec 08, 2020, 21:07 PM IST

Get loan upto Rs 10 lakh for your business, here is how to benefit from Modi govt's scheme

 Mudra loan is extended for a variety of purposes which result in income generation and employment creation.

Nov 13, 2020, 17:10 PM IST

Good news for MSMEs: Emergency Credit Line Guarantee Scheme extended by one month

The ECLGS was announced as part of the AatmaNirbhar Bharat Package (ANBP) to provide fully guaranteed and collateral free additional credit to MSMEs.

Nov 03, 2020, 13:17 PM IST

Flipkart Wholesale announces 1st 'Big Festival Month' fashion sale

The sale will feature products in fashion categories across more than 50 brands.

Sep 28, 2020, 14:16 PM IST

Banks disburse loans of Rs 1.58 lakh crore under Emergency Credit Line Guarantee Scheme

Nirmala Sitharaman has reviewed the progress made by various lenders under ECLGS, PCGS 2.0 and Sub-ordinate Debt Schemes.

Sep 03, 2020, 18:07 PM IST

Public sector banks need capital up to Rs 2.1 lakh cr over next 2 years: Moody's

According to Moody's, the sharp slowdown in India's economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs.

Aug 22, 2020, 00:16 AM IST

Banks disburse loans of over Rs 1 Lakh crore under Emergency Credit Line Guarantee Scheme

The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package

Aug 20, 2020, 18:18 PM IST

India’s target is to become a manufacturing hub of construction equipments in the world: Nitin Gadkari

Gadkari assured the stakeholders to extend all possible support in developing technology centres in India. 

Aug 18, 2020, 17:31 PM IST

PM FME scheme launched; to generate total investment of Rs 35,000 crore, 9 lakh employment

The expenditure under the scheme would to be shared in 60:40 ratio between Central and State Governments, in 90:10 ratio with North Eastern and Himalayan States, 60:40 ratio with UTs with legislature and 100% by Centre for other UTs.

Jun 29, 2020, 15:11 PM IST

90% Flipkart sellers back on platform, 125% rise in new MSMEs

Flipkart has also seen 125 per cent rise in new seller signing-up on the platform, in comparison to its existing seller base, in the April-June period, the company said in a statement.

Jun 27, 2020, 15:01 PM IST

Cabinet approves Rs 15,000 crore Animal Husbandry Infra Development Fund

The fund is part of the Rs 20 lakh crore stimulus package announced in May to help people affected by the lockdown to prevent the spread of COVID-19 and is expected to create 35 lakh jobs.

Jun 25, 2020, 11:03 AM IST

Government launches scheme to provide Rs 20,000 crore guarantee cover to 2 lakh MSMEs

This Scheme seeks to extend support to the promoters of the operational MSMEs which are stressed and have become NPA as on April 30, 2020.

Jun 24, 2020, 18:14 PM IST

2% interest subvention approved on prompt repayment of Shishu Loans under PM MUDRA Yojana

Under PMMY, loans for income generating activities up to Rs 50,000 are termed as Shishu loans.

Jun 24, 2020, 17:27 PM IST

Rs 79,000 crore sanctioned by banks under Emergency Credit Line Guarantee Scheme

The top lenders under the Scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank.

Jun 23, 2020, 17:08 PM IST

Start this business and earn Rs 70,000 every month; Centre will help you with funds

You can start this business under Pradhan Mantri Mudra Yojana.

Jun 09, 2020, 14:21 PM IST

MSMEs new definition and criterion to come into effect from July 1

The revision in MSME definition was announced in the Atmnirbhar Bharat package on May 13, 2020 by Finance Minister Nirmala Sitharaman.

Jun 03, 2020, 17:37 PM IST

GST refunds of Rs 11,052 crore cleared; 29,230 claims disposed of

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.

May 25, 2020, 15:39 PM IST

FM Nirmala Sitharaman announces collateral-free automatic loans for MSMEs for 4-year-tenure

Finance Minister Nirmala Sitharaman on Wednesday (May 13) announced several categories of collateral-free automatic loans for businesses, including MSMEs while elaborating on the Atmanirbhar Bharat Yojana announced by Prime Minister Narendra Modi on Tuesday.

May 13, 2020, 17:15 PM IST

Punjab National Bank opens emergency credit line for MSMEs, eases working capital norms

The public sector lender said that it has been contacting more than 1 lakh MSME borrowers through its 'Each One Reach Ten Each Day' initiative to update them about its schemes on a daily basis.

May 07, 2020, 00:59 AM IST