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MSME CREDIT WOES
Pvt sector reposing faith in economy, capex cycle showing signs of revival: Punjab National Bank CMD Ashok ChandraPrivate sector investment is reviving. Companies are borrowing more for expansion and infrastructure. Punjab National Bank (PNB) sanctioned...- CII President bats for DFI-style fund to ease MSME credit woesCII president Rajiv Memani emphasised the need to ease compliance and regulatory burdens on MSMEs to foster their growth.
- CredAble introduces credit line to help MSMEs manage working capital more efficientlyDesigned from a futuristic perspective, the revolving short term loans aim to address the financing needs of small businesses and significa...
- A $540 billion credit hole: Why small businesses in India urgently need a special MSME bankIt is very difficult to get credit from banks, is the oft-repeated grouse of MSMEs. After years of letting scheduled commercial banks creat...
- Interim Budget 2024: MSMEs want to see execution of policies, express cautious optimism on announcementsAmong some of the measures announced include the establishment of a corpus of Rs 1 lakh crore to give interest-free loan for tech-savvy you...
- ‘Smart recovery’ for MSMEs with GST payments crossing pre-Covid levels, Udyam registrations over 1-cr mark: Economic SurveyObserving how the government has taken multiple steps to cushion the economic impact of the pandemic on MSMEs, the Survey said that the Atm...
- How supply chain financing can resolve capital issues for MSMEsLenders' reluctance to extend financing to most MSMEs can be traced back to their inability to adequately assess creditworthiness of small ...
- Patchy recovery means surviving beyond this fiscal will be a big problem for many small businessesSix months after India went into a nationwide lockdown, millions of small businesses in the country are finding it very difficult to sustai...
- MSME sector will tide over coronavirus crisis: GadkariIn a video-conference the MSME minister said the government was working on a "war footing" to resolve issues - like working capital crunch ...
- ETRise Top MSMEs Ranking: Need a data rich India to jumpstart MSMEs financial inclusionAt the recent discussion about the state of MSMEs in the country, experts believed that the SME community is so entangled that they believe...
- All pending GST refunds for MSMEs to be paid within 30 days: FMTo ease GST woes for the MSMEs FM announced that all pending GST refunds will be paid within 30 days.
- Yes Bank launches Smart Edge, an industry first surrogate lending program for MSMEsThe first-of-its-kind surrogate lending model wherein no financial statements will be required and credit appraisal will be done basis data...
- Budget 2019: Access to credit, increased ease of doing business, top demands of tier 2, 3-based MSMEsEmploying over 60 million people and contributing 45% of industrial output and 40% of the country's exports, MSMEs are the critical growth ...
- How Indifi is leveraging technology to lend to SMEs with little or no credit historyWith 30%, first-time unsecured borrowers on the platform, Indifi is fuelling the growth of country's lending ecosystem by catering to start...
- For financial institutes, converting an aspiring SME borrower into a bankable one remains a challengeGovernment’s 59-minute loan scheme is being called a 'giant step. But will it help the SMEs tide over their financial woes?
- Budget 2019: Extend IT exemption of up to 30% to companies below Rs 25 cr turnoverIn order to resolve the financial woes of the sector, it becomes crucial for the Government to introduce a long-term solution in the Budget...
- RBI Governor apprised of SMEs credit woes, seek creation of revival scheme for stressed MSMEsTo actively support ‘Medium’ enterprise, FISME in its presentation, pitched for specific support measures for units / accounts having expos...
- Raghuram Rajan has a word of caution on MSME lendingRajan said achieving credit targets without due diligence can create environment for future NPAs.
- Vote on Account 2014: Need to revise definition of MSMETo better reflect changing times, the present limits that define MSMEs need to change.
- Government sets up committee to boost exports from MSMEsMSME sector contributes about 40 per cent in the country's total exports and over 8 per cent to India's Gross Domestic Product (GDP).
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