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
MSMEs face liquidity problem to pay wages for April in lack of business activity during lockdown: FIEO
The Federation of Indian Export Organisations (FIEO) reiterated that the government should immediately announce an incentive package and give permission for the partial resumption of operations in manufacturing units.
Apr 14, 2020, 15:41 PM IST
Income Tax refunds up to Rs 5 lakh to be released for 14 lakh taxpayers amid coronavirus COVID-19 lockdown
The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.
Apr 08, 2020, 19:48 PM IST
Union Budget 2020-21: Centre may announce major relief for MSME sector
The government is likely to announce a distressed asset fund of Rs 5,000 crore for micro, small and medium enterprises (MSMEs) facing liquidity crunch in the upcoming Budget 2020-21.
Jan 15, 2020, 11:58 AM IST
