Msme Sector

Thursday, Apr 25, 2024 | Last Update : 04:41 PM IST

Union minister Nitin Gadkari. (PTI Photo)

India needs Rs 50-60 lakh cr foreign investments to boost economy: Gadkari

Gadkari further said that talks are on with investors from Dubai and the US for various sectors, including MSMEs

02 Jul 2020 3:54 PM

PSBs disburse Rs 3,893 cr loans to MSMEs under Emergency Credit Line Guarantee Scheme. (PTI Photo)

Public sector banks disburse Rs 3,893 cr loans to MSMEs

On May 21, cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25% through ECLGS for the MSME sector

03 Jun 2020 1:03 PM

Finance Minister Nirmala Sitharaman. (PTI Photo)

FM Nirmala Sitharaman postpones meet with PSB chiefs to later this week

The agenda also included taking stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments

11 May 2020 10:44 AM

The country’s largest lender State Bank of India (SBI) will use the repo rate as the external benchmark to price all new floating rate loans for Micro, Small & Medium Enterprises (MSMEs), housing and retail loans effective October 1 in line with the central bank’s notification.

SBI to link all new floating loans to repo

The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

24 Sep 2019 1:43 AM

RBI in its fifth bi-monthly monetary policy statement for 2018-19 in December had announced to set up the committee to propose long-term solutions, for the economic and financial sustainability of the MSME sector.

RBI panel on MSME suggests Rs 15,000 cr fund to support industry

The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the sector.

26 Jun 2019 4:33 PM

There will be progressive decline of employment in the manufacturing sector and therefore new avenues of employment has to be created in the services sector.

It’s the economy, stupid!

As regards employment problems that plague the MSME sector, they should be tackled in a time bound manner.

09 Jun 2019 1:17 AM

The product is designed as a part of the lender's efforts to improve service and provide best products to MSME sector.

Corporation Bank launches loan scheme for MSME sector

The bank provides concession in interest rate on loans offered to women beneficiaries and rated MSME units.

27 May 2019 2:49 PM

3 banks taken off PCA framework

Of the 21 state-owned banks, 11 were under the PCA framework, which imposes lending and other restrictions on weak lenders.

01 Feb 2019 1:09 AM

Exporters had complained that the banks are reluctant to lend them after Nirav Modi defrauded PNB of Rs 11,500 crore. (Representational image)

Exporters find it difficult to get bank credit

Federation of Indian Export Organisations (FIEO) president Ganesh Kumar Gupta said that the bank credit issue of exporters are yet to be resolved.

07 Dec 2018 1:29 AM

As a consensus, sources said some of the banks are likely to be allowed to come out of the PCA framework by the end of the current fiscal.

Centre, RBI try to bury hatchet

Consensus on easing NPA rules and lending for SMEs in the offing.

15 Nov 2018 1:02 AM

Prime Minister Modi launched a new facility for micro, small and medium enterprises (MSMEs) alongside a slew of measures for the sector, which, Vallabh said, incidentally has been battered for a long term due to demonetisation in November 2016. (Photo: File)

PM Modi benefitting 'friends' with 59-minute loan scheme: Cong

There was no immediate response from either the government or the PMO or the ruling BJP over the charges made by the Congress.

11 Nov 2018 8:09 PM

Finance Minister Arun Jaitley at CriSidEx launch. (Photo: PTI)

Jaitley launches CriSidEx, India's 1st sentiment index to help MSEs

Banks are really ready to support the MSME sector and they being major employment generator.

03 Feb 2018 4:01 PM

The budget has doubled the allocation for the food processing ministry and is about to roll out Operation Green aimed at boosting farmer-producer organisations, food logistics chains and bringing in professional management in this sector.

Budget 2018: Twin focus on farmers, MSME sector

The Prime Minister had set an ambitious target of doubling the Indian farmers’ income by 2022.

02 Feb 2018 6:34 AM

Farm reforms have been a crying need for decades and this Budget aims to tackle one of the biggest issues faced by farmers — the disconnect between cost and income.

Budget 2018: Focused gaze on social, academic front

The Budget has announced that minimum support pricing of crops will be linked to production costs and fixed it at 1.5 times the costs.

02 Feb 2018 6:14 AM

SBI had introduced new system of assessment for the MSMEs across the country.

Rising NPAs in MSME sector in West Bengal worrisome: SBI

Till March 2017 SBI accounted for 33 per cent of all the MSME advances made in the state.

10 Aug 2017 4:09 PM

Bigger banks are less motivated to work with MSMEs on loans due to smaller business accounts. (Representational Image)

Mergers of small banks may hurt MSME sector: report

Disadvantages of big banks are that services are less personable and local people abstain from reaching out to them.

05 Aug 2017 5:10 PM

MSME Minister Kalraj Mishra. (Photo: PTI)

Things normalising for MSMEs after note ban: Mishra

Under the scheme, loans ranging from Rs 50,000 to Rs 10 lakh are provided to small entrepreneurs.

31 Dec 2016 6:05 PM

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Dilip Cherian

msme sector