A large number of Micro, Small & Medium Enterprises (MSMEs) has approached banks for collateral-free loans to steer their businesses out of the crisis triggered by Covid-19 pandemic, PTI reports quoting a Care Ratings survey. According to the Care Ratings survey, about 70% of the MSME respondents have approached banks for availing collateral-free and government-guaranteed
The Union Cabinet has announced the approval of provisioning of Rs 20,000 crore as subordinate debt to provide equity support to stressed MSMEs. Meghna Suryakumar, founder & CEO, Crediwatch, underscores how small businesses are set to benefit: New definition for MSMEs: As per the new regulation, the new categorisation of investment of Rs 1 crore
In a bid to support businesses in general and MSMEs in particular, the Union Finance & Corporate Affairs Minister Nirmala Sitharaman has announced the measures as a part of the government’s economic package to mitigate Covid-19 fallout: Rs 3 lakh crore emergency working capital facility for businesses, including MSMEs No global tenders for government tenders
The government is working on a financial package for infrastructure sectors and it may be announced soon, Union minister Nitin Gadkari said on Friday, reports PTI. He was interacting with the members of the Finance Industry Development Council through a video conference. “I feel in 2-4 days a package can be announced…The government is working
There’s a saying – there is no time like now. The current health scare and the resultant economic crisis is worse than anything else in human memory. This is going to have serious repercussions for all businesses in the short term, but will also lead to significant fundamental shifts in the long run. But, the
Small and medium enterprises often find it challenging to develop content for digital marketing campaigns. Here are 10 ways of writing b2b content that channel partners and influencers will find worth reading. #1 Launch of New Brand, Product Category If you’ve recently launched a new brand, or expanded into a new product category, talk about
The Micro, Small & Medium Enterprises (MSME) sector is the backbone of the country’s economy. The sector contributes 29% of the GDP, 50% of export and employ 11.10 crore people of India. What will be the financial implications of the coronavirus disease (COVID-19) on the vital sector, and how is the MSME-focused Prest Loans placed
GST compliance by MSMEs has resulted in faster loan approval and disbursement, says Ashok Mittal, CEO, Prest Loans What has been the impact of GST on the Indian economy, and fintechs operating in the MSME lending space? GST is the biggest tax reform in India on the concept of one tax instead of multiple taxes
IBMA president Ajit Garg, who is also its founding member, wants to make small bath fitting manufacturers organised enough so that they can face up to Indian corporates and multinationals of the industry. De-reservation of the bath fittings industry has opened up floodgates of competition for us, since now large Indian corporates as well as
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