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Govt expands ECLGS’ scope, extends eligibility till fiscal end

Govt expands ECLGS’ scope, extends eligibility till fiscal end

🕔21:47, 29.Sep 2021

New Delhi, Sep 29 The government has extended, till March 31, 2022, the Emergency Credit Line Guarantee Scheme (ECLGS) to support liquidity needs of small and medium businesses impacted by the second wave of Covid-19 pandemic. Since its launch, the ECGLS

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Gross NPAs of banks to cross Rs 10 lakh Cr by March 2022: ASSOCHAM-Crisil

Gross NPAs of banks to cross Rs 10 lakh Cr by March 2022: ASSOCHAM-Crisil

🕔19:01, 14.Sep 2021

New Delhi, Sep 14  The gross non-performing assets (GNPAs) of banks are expected to cross Rs 10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said. “NPAs are expected to rise to 8.5-9 per cent by March 2022,

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UP’s ODOP products to be showcased in Dubai Expo

UP’s ODOP products to be showcased in Dubai Expo

🕔15:29, 12.Sep 2021

Lucknow, Sep 12 (IANS) The Yogi Adityanath government in Uttar Pradesh has now planned to launch its products under the ODOP (One District One Product) scheme in the international market. Additional Chief Secretary, MSME, Navneet Sehgal, said, “We are now planning

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India Sourced: Boeing maintains ‘billion-dollar’ sourcing from India

India Sourced: Boeing maintains ‘billion-dollar’ sourcing from India

🕔17:05, 11.Sep 2021

New Delhi, Sep 11  Global aerospace giant Boeing has maintained the momentum of sourcing from India by going in for deep localisation as well as growing supplier base which caters to its international supply chains. Accordingly, despite challenges posed by

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MSME can be foundation for bigger industries: Jitendra Singh

MSME can be foundation for bigger industries: Jitendra Singh

🕔08:05, 20.Aug 2021

New Delhi, Aug 20 Supported by competitive and cutting-edge technology, the Micro, Small, and Medium Enterprises (MSME) will be the foundation for bigger industries in India, Union Minister Jitendra Singh said on Thursday. “New business enterprises are heavily dependent on scientific

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Programme and Policy initiatives to provide relief to MSMEs due to Covid-19 pandemic

Programme and Policy initiatives to provide relief to MSMEs due to Covid-19 pandemic

🕔13:53, 22.Jul 2021

The Government of India simplified the process of registration of MSMEs by replacing the Udyog Aadhaar Memorandum (UAM) with Udyam Registration (UR) on 1st July 2020. UR is free of cost, transparent, online, hassle free and is based on self-declaration.

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E-commerce portal of MSME to enable all businesses to enhance global reach

E-commerce portal of MSME to enable all businesses to enhance global reach

🕔13:52, 22.Jul 2021

National Small Industries Corporation, a PSU under the Ministry of MSME  has a B2B MSME Global Mart Portal and efforts have been made to further strengthen activities under it. The salient features of the portal include online registration, web store

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Vedanta rolls out scheme for MSMEs under ‘Saathi’ programme

Vedanta rolls out scheme for MSMEs under ‘Saathi’ programme

🕔21:05, 28.Jun 2021

New Delhi, June 28  Vedanta Limited, Indias leading producer of metals and oil & gas, has rolled out an attractive promotional scheme for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry in celebration of the World MSME Week.

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Haryana focusing to boost MSMEs

Haryana focusing to boost MSMEs

🕔07:14, 26.Jun 2021

Chandigarh, June 26 Haryana Chief Minister Manohar Lal Khattar on Friday said that his government is focusing to boost micro, small and medium enterprises (MSMEs) and is working towards developing the state as a pharmaceutical hub. Presiding over a meeting

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FIDC urges govt to address issues of MSME borrowers & NBFCs

FIDC urges govt to address issues of MSME borrowers & NBFCs

🕔06:04, 21.Jun 2021

Mumbai, June 20 The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had

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IDBI Bank launches digitised automated loan processing system for MSME and agri lending

IDBI Bank launches digitised automated loan processing system for MSME and agri lending

🕔17:16, 19.May 2021

New Delhi, May 19  IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products. This new loan processing system seamlessly integrates with data fintechs, bureau validations, document storage/retrieval, account opening/management, customer

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Govt ready for another cut in import duty on steel to tame prices

Govt ready for another cut in import duty on steel to tame prices

🕔16:00, 11.May 2021

New Delhi, May 11  The government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw

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‘Govt taking steps for MSMEs to monetise creative inventions’

‘Govt taking steps for MSMEs to monetise creative inventions’

🕔18:08, 28.Apr 2021

New Delhi, April 28  The Centre has been taking all necessary measures to spread awareness on the significance of intellectual property rights in protecting and monetizing their creative inventions, a senior official said on Wednesday. Addressing a webinar on ‘From

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Jio to digitally transform 50 million MSMEs

Jio to digitally transform 50 million MSMEs

🕔20:21, 9.Mar 2021

New Delhi, March 9  Jio Business has introduced an integrated offering for micro, small and medium businesses (MSMBs). This is based on the three key pillars of Enterprise-Grade Fiber Connectivity that offers voice and data services, Digital Solutions that help

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MSME loans doubled during Yogi rule, says UP govt

MSME loans doubled during Yogi rule, says UP govt

🕔14:03, 30.Dec 2020

Lucknow, Dec 30  Loans disbursed to the MSME sector have doubled during the rule of BJP government led by Chief Minister Yogi Adityanath, compared with the earlier Akhilesh Yadav-led dispensation, a government spokesperson said on Wednesday. The spokesperson said that

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Amazon, CII tie up to help MSMEs in 10 states adopt e-commerce

Amazon, CII tie up to help MSMEs in 10 states adopt e-commerce

🕔06:53, 10.Dec 2020

New Delhi, Dec 10  Amazon.in and CII have signed a Memorandum of Understanding (MoU) to bring the benefits of ecommerce to micro small and medium enterprises (MSMEs) in 10 states across India. In a statement, Amazon India said, along with

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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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