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EASIER CREDIT FOR MSMES
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
Powering India's MSMEs: Why reliable energy must become part of manufacturing strategyIndia's MSMEs may power the country's manufacturing ambitions, but their competitiveness ultimately depends on something far more basic—rel...
World MSME Day: Global trade risks weigh on MSMEs; industry seeks competitiveness-focused reformsIndian MSMEs are urging a policy overhaul to boost global competitiveness, citing challenges from geopolitical shifts and supply chain disr...
Credit cover for collateral-free education loans may be raised at inter-ministerial consultationsThe government is exploring increasing the credit guarantee cover for education loans. This move aims to allow banks to offer loans exceedi...
Iran war: Public sector banks asked to stay preparedPublic sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance a...
FM Sitharaman launches key SIDBI initiatives for MSME growthThese include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a program to modernize rural enterprises...
Govt's credit guarantee to reduce MSME bad loan risks for banksThe government's Emergency Credit Line Guarantee Scheme 5.0 is set to bolster micro, small, and medium enterprises. Experts believe this in...
Private, govt banks pledge full support to ECLGS 5.0Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to...
Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
How secured loans can open new doors to credit-based growth for MSMEsSecured loans offer MSMEs a pathway into the formal credit system, eliminating the need for years of audited financials or a long operation...
Beyond wage protest: Bureaucracy, compliance burden strain Noida-Greater Noida MSMEsIndustry stakeholders say legacy bureaucratic systems and entrenched administrative practices are undermining MSMEs’ momentum in the region.
TReDS tweak to ease MSME credit flow amid global pressureBanks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move a...
At pre-budget meet, MSMEs seek cheaper credit, policy support to stay competitive amid US tariffsThe meeting also focussed on ways to create export hubs and more clusters for small enterprises to ship out goods more efficiently. It was ...
Need to rationalise MSME schemes for reach: DFS SecretarySpeaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to m...
Legalise WFH for entrepreneurs to allow credit access: MSMEsIn a submission to parliamentarians, FISME also sought reduction in cost of contractual litigation for MSMEs, insolvency rules to destigmat...
Niti Aayog working to integrate MSMEs with supply chainsThe plan includes identification of products in sectors drawing benefits under Production-Linked Incentive (PLI) scheme which could be deve...
MSMEs to be returned 95% of fines imposed during CovidThe budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier...
Mswipe develops MSME score for risk based creditThe new tool will make assessment of MSME creditworthiness easier and provide the opportunity to differentiate risks thereby opening possib...
RBI trains 11k bank officers on MSME credit, nearly 3k branches coveredThis training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 s...
Rubique ties up with NSIC for easier flow of credit for MSMEsRubique and NSIC will create an interface which will ease credit facilitation for MSMEs by allowing quicker decision making and evaluation.