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CREDIT FACILITY FOR MSMES
Finmin secures $1 billion IFC funding for MSMEs; $500 million already released to SidbiIndia secured one billion dollars from the International Finance Corporation for banks. This funding will provide long-term credit to small...- View: Leveraging monetary policy for India’s youthQ1 GDP: The release of the latest data coincided with the significant assertion at the SCO meet, of India’s vision of ‘transforming shared ...
- Rains Raksha in India may not be enough to fight $250 billion heat billExtreme heat poses a significant economic threat to India's workforce and GDP. Lost labor hours and reduced productivity impact both worker...
- RBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISMEFISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt wo...
- NBFCs: How you own them matters more than which you own; 19 NBFC stocks with upside potential ranging from 1% to 31%Like much of the Indian market, valuations in this sector are also not cheap. And when you pay a full price for a sector, the risk of getti...
- Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explainsThe number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, s...
- NBFCs seek RBI rethink on revolving credit curbSenior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The...
- NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank duesThe NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, ...
- MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
- Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...
- Cabinet approves GOBARdhan biogas scheme, Guwahati-Tezpur highway worth Rs 32,701 crore combinedThe Union Cabinet approved two significant projects totaling over Rs 32,000 crore. The GOBARdhan scheme aims to boost biogas production nat...
- Noida’s next industrial expansion needs land, faster approvals, and better logisticsNoida has the potential to serve the entire state if logistics infrastructure is properly integrated, say stakeholders.
- A decade of inclusion: How GeM is transforming public procurement for women entrepreneurs in IndiaGeM's Womaniya initiative has empowered over 200,000 women entrepreneurs in public procurement. This program has dismantled barriers, enabl...
- Gujarat industry seeks easier access to incentives, lower cost of doing businessIndustry stakeholders say the opportunity for them lies in strengthening the link between its large industrial base and MSMEs while reducin...
- Macroeconomic fundamentals of Indian economy remain strong amid global challengesIndia's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate bala...
- India needs income-centric agri policies, greater Centre-state coordination: EAC-PM chairmanIndia must transition agriculture towards income generation, emphasizing crop diversification and market reforms, said S Mahendra Dev, Chai...
- Punjab & Sind Bank eyes Rs 4 lakh cr business by FY29: Lender bets big on technology transformationPunjab & Sind Bank is setting ambitious goals, aiming for a staggering ₹4 lakh crore in business by the fiscal year 2028-29. The bank proje...
- Payoneer bets big on India with Gurugram innovation hub, eyes country among top three global marketsPayoneer opened its innovation hub in Gurugram, India, on Monday. The company plans to expand its Delhi NCR center to 300 employees. This f...
- Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdgeBank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond ma...
- 'Jewar solar plant to boost India's export power; generate thousands of jobs': CM Yogi Adityanath"I believe that this solar cell manufacturing hub will also play a major role in increasing India's export power. This means it will help i...
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