msme sector
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
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
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
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.
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.
It’s the economy, stupid!
As regards employment problems that plague the MSME sector, they should be tackled in a time bound manner.
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.
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.
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.
Centre, RBI try to bury hatchet
Consensus on easing NPA rules and lending for SMEs in the offing.