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Commerce Ministry through ECGC raises Insurance cover for banks up to 90% for Working Capital Loans

The cover percentage has been enhanced to 90 percent from the present average of 60 percent for both Principal and Interest.

Sep 17, 2019, 10:41 AM IST

External benchmark for floating rate loans from October 1

The Reserve Bank of India has been long examining the feasibility of mandating the use of external benchmark for determining interest rate on floating rate loans.

Sep 05, 2019, 13:10 PM IST

GDP growth pegged at 6% in Q1: FICCI survey

The growth numbers for the first quarter are expected to be released by Central Statistics Office (CSO) next week. Ficci said boosting agriculture sector, strengthening MSMEs, undertaking factor market reforms are key to steering the economy out of the slowdown.

Aug 26, 2019, 15:12 PM IST

RBI committee recommends revision of loan limit for MSMEs, SHGs

The Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs 20 lakh from Rs 10 lakh, he added.

Jul 26, 2019, 12:46 PM IST

MSMEs generated 5.87 lakh employment in 2017-18

Nitin Gadkari informed the upper house that MSMEs are the largest provider of employment after agriculture.

Jun 24, 2019, 17:05 PM IST

NITI Aayog, ABB facilitate adoption of Artificial Intelligence technologies by MSMEs

NITI Aayog and ABB India organized a workshop aligned with the national objective of ‘AI for All’.

Mar 26, 2019, 15:11 PM IST

Govt to give incentives to online aggregators for felicitating MSMEs biz

The government wants to encourage the online sale of MSME products in small cities.

Aug 13, 2018, 16:05 PM IST

GST rate cut on 100 items: Here is the full list

Finance Minister Piyush Goyal has said the focus on consumers and MSMEs.

Jul 21, 2018, 23:11 PM IST

NITI Aayog announces the launch of 'Atal New India Challenges' programme

The project envisions grants of up to Rs 1 crore for selected innovations, products in 17 focus areas.

Apr 26, 2018, 23:17 PM IST

Modi govt sets up panel on financial technology to make regulations more flexible

The Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs.

Mar 05, 2018, 15:42 PM IST

MSMEs to be next growth driver for bank as corporate credit to shrink further: Report

This is because large ticket credit is moving to wholesale markets even as in the short-term banks are challenged by the lingering bad debts in corporate segments.

Nov 12, 2017, 23:14 PM IST

FY18 challenging for Indian banks, NPAs to rise: Icra

Terming FY18 as a "challenging" year for Indian banking, domestic rating agency Icra on Thursday said newer segments like MSMEs and farmers are also reporting stress, and NPAs for listed banks will shoot up to 10.2 percent by FY18-end.

Aug 31, 2017, 18:20 PM IST

LS passes bill to raise Nabard's capital to Rs 30000cr

Minister of State for Finance Santosh Kumar Gangwar said that the law is one of the "major step" towards doubling farmers' income by 2022.

Aug 03, 2017, 21:50 PM IST

Government keen on manufacturing sector delivering more jobs

The government is going all out to ensure the manufacturing sector pushes up its share of contribution in the GDP from the current 16 percent to 25 percent with the objective of creating more jobs.

Nov 30, 2015, 12:06 PM IST

Howitzers deal to bring over 200$ million investment in India

The Defence Ministry has put the figure of the deal at Rs 2,900 cr, defence experts say the price will go up, due to currency valuation.

May 15, 2015, 17:51 PM IST

SIDBI, World Bank ink $543 mn pacts for start-ups, MSMEs

Lender to small industries, SIDBI today signed USD 543 million (about Rs 3,400 crore) pacts with World Bank for two projects to provide debt assistance to start-ups, MSMEs and promote energy efficiency investments in the country.

Mar 31, 2015, 17:27 PM IST

MSME products should be made competitive, cost-effective: Govt

"It is therefore essential for us to devise methods to make the products of our MSMEs more competitive and cost effective," he said.

Dec 27, 2014, 19:26 PM IST

Govt proposes norms for easier exits, revival of MSMEs

The government has proposed amendments to the MSME Act with the twin objectives of time-bound exit and revival of loss-making units to help them consolidate their businesses and re-deploy capital in other greenfield ventures.

Nov 16, 2014, 18:58 PM IST

'Banks Need to think out-of-the-Box on MSMEs'

The ISED findings are based on a research by a team of its specialized knowledge platform, the 'ISED Small Enterprise Observatory'.

Oct 24, 2014, 13:58 PM IST

Ratings to help MSMEs in getting finance: Crisil

Credit ratings would help micro small and medium industries (MSMEs) to get access to bank finance which had been a perennial problem for these units, an official of Crisil SME Rating said.

Jul 18, 2014, 19:43 PM IST