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Rs 3 lakh cr ECLGS for MSMEs, MUDRA loans extended till Nov 30

Rs 3 lakh cr ECLGS for MSMEs, MUDRA loans extended till Nov 30

🕔18:25, 2.Nov 2020

New Delhi, Nov 2 The Centre has extended the Emergency Credit Line Guarantee Scheme (ECLGS) till November 30, or till such time that an amount of Rs 3 lakh crore is sanctioned under the scheme, whichever is earlier. The decision has

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Foreign firms flouting MSME tendering norms: CEAI to Gadkari

Foreign firms flouting MSME tendering norms: CEAI to Gadkari

🕔15:54, 6.Oct 2020

New Delhi, Oct 6 An engineering professionals body has written to Union Minister Nitin Gadkari alleging that foreign companies are flouting the MSME tendering norms. The Consulting Engineers Association of India (CEAI), in a letter to Gadkari, Union Minister for Micro,

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Banks sanction Rs 1.77 lakh cr to MSMEs under ECLGS

Banks sanction Rs 1.77 lakh cr to MSMEs under ECLGS

🕔07:02, 25.Sep 2020

New Delhi, Sep 25  Banks have so far sanctioned over Rs 1.77 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), it was announced on Thursday. In a series of tweets on the progress of the scheme,

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Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

Rs 1.61 lakh cr worth of loans sanctioned to MSMEs under ECLGS

🕔08:20, 8.Sep 2020

New Delhi, Sep 8  Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday. “As of 03 Sept 2020, the total amount sanctioned

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Digital lenders are busy helping Indian MSMEs stay afloat: Report

Digital lenders are busy helping Indian MSMEs stay afloat: Report

🕔13:51, 21.Aug 2020

New Delhi, Aug 21  As the Covid-19 crisis forces micro, small and medium-size enterprises (MSMEs) in India to stay afloat in the absence of incoming revenue and kick-start their business again, digital lenders have come of age as they have

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Liquidity to MSME rises as bank sanctions cross 1.51L cr under ECLGS

Liquidity to MSME rises as bank sanctions cross 1.51L cr under ECLGS

🕔16:49, 20.Aug 2020

New Delhi, Aug 20  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of August 18, 2020 public sector and private

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All NBFCs can now provide MSMEs loans against dues via TReDS

All NBFCs can now provide MSMEs loans against dues via TReDS

🕔07:38, 20.Aug 2020

New Delhi, Aug 20  The Cabinet on Wednesday allowed all non-banking financial companies to provide discount loans to MSMEs against dues from government departments, through the TReDS platform. So far only a selected NBFCs and banks were on the platform

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Centre may allow cooperative banks to lend under ECLGS

Centre may allow cooperative banks to lend under ECLGS

🕔07:45, 11.Aug 2020

New Delhi, Aug 11  As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too. Addressing a webinar at the ‘FICCI-SBI Atmanirbhar MSME Virtual Conclave’, Micro, Small

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Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr

Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr

🕔13:06, 5.Aug 2020

New Delhi, Aug 5  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of August 3, 2020 public sector and private

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MSME Minister approves scheme for ‘agarbatti’ production

MSME Minister approves scheme for ‘agarbatti’ production

🕔18:15, 2.Aug 2020

New Delhi, Aug 2  Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of ‘agarbatti’ (incense sticks) and become self-reliant on that front. The Khadi Agarbatti Aatmanirbhar Mission, proposed by the

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CBDT, MSME Ministry sign pact for sharing tax related data

CBDT, MSME Ministry sign pact for sharing tax related data

🕔07:22, 21.Jul 2020

New Delhi, July 21  The Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises on Monday signed a MoU for sharing of tax related data concerning SMEs. The MoU will facilitate seamless sharing of

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Banks disburse Rs 68,311 cr under ECLGS to MSMEs

Banks disburse Rs 68,311 cr under ECLGS to MSMEs

🕔07:25, 17.Jul 2020

New Delhi, July 17  Banks have so far disbursed over Rs 68,000 crore so far under the Emergency Credit Line Guarantee Scheme to MSMEs and other eligible businesses. As of Wednesday, July 15, both public and private sector banks have

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Yes Bank to trim corporate portfolio, focus on retail loans

Yes Bank to trim corporate portfolio, focus on retail loans

🕔17:07, 13.Jul 2020

New Delhi, July 13  Yes Bank will focus more on giving retail loans and to MSMEs and will trim its corporate loan portfolio. Bank’s CEO Prashant Kumar on Monday said that the ratio of the bank’s loan book was inclined

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Liquidity to MSMEs rises as sanctions cross 1.14 lakh cr

Liquidity to MSMEs rises as sanctions cross 1.14 lakh cr

🕔17:20, 7.Jul 2020

New Delhi, July 7  The Government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 4, 2020, public sector and private

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Liquidity to MSME rises as bank sanctions cross Rs 1.10L cr

Liquidity to MSME rises as bank sanctions cross Rs 1.10L cr

🕔12:51, 4.Jul 2020

New Delhi, July 4  The Central government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 1, 2020 public sector and

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World Bank offers $750 mn loan for India’s covid-hit MSMEs

World Bank offers $750 mn loan for India’s covid-hit MSMEs

🕔17:33, 1.Jul 2020

New Delhi, July 1  The World Bank’s Board of Executive Directors has approved a $750 million MSME Emergency Response program to support increased flow of finance into the hands of India’s micro, small, and medium enterprises (MSMEs), severely impacted by

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SAP India unveils initiative to make MSMEs globally competitive

SAP India unveils initiative to make MSMEs globally competitive

🕔18:46, 29.Jun 2020

New Delhi, June 29  Enterprise software major SAP on Monday launched a new programme called “Global Bharat” to enable Indian micro, small and medium-sized enterprises (MSMEs) become globally competitive by equipping them with digital technologies. The programme is aimed at

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New definition will improve credit flow to MSMEs: SBI Chairman

New definition will improve credit flow to MSMEs: SBI Chairman

🕔10:38, 28.Jun 2020

New Delhi, June 28  Lending major SBI’s Chairman Rajnish Kumar on Saturday said the new definition of MSMEs which includes both turnover and investment limits will lead to improved credit flow to the sector. He was speaking at the dialogue

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Export turnover threshold for MSMEs to be notified: Gadkari

Export turnover threshold for MSMEs to be notified: Gadkari

🕔18:09, 26.Jun 2020

New Delhi, June 26  Centre will soon notify the exclusion of export turnover threshold limits for bestowing the MSME status on firms, Union Minister Nitin Gadkari has said. Accordingly, the move will side in identifying MSME unit under the new

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FM meets private banks, NBFCs to ensure liquidity to MSMEs

FM meets private banks, NBFCs to ensure liquidity to MSMEs

🕔18:42, 15.Jun 2020

New Delhi, June 15  The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As part of this, Finance Minister Nirmala Sitharaman on

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