Bank credit to micro, small businesses up more than 6% in December from year-prior in the midst of Covid, shows RBI information

The credit guarantee fund trust for micro and small enterprises (CGTMSE), which works the collateral free loan ensure scheme for MSEs, has affirmed 5.99 lakh advances for a measure of Rs 30,216.62 ...

NSE joins hands with SIDBI for debt capital platforms for MSMEs

The National Stock Exchange (NSE) said it has entered into an agreement with Small Industries Development Bank of India (SIDBI) to explore the attainability of a debt capital platforms for the MSME...

Goyal asks that BIS cut quality testing charges for MSMEs, new startup and women entrepreneurs

Food and Consumer Affairs Minister Piyush Goyal said the charges for testing nature of products ought to be reduced for MSMEs and beginning period of new startup and women entrepreneurs' visionarie...

KVIC's e-commerce portal crosses Rs 1 cr sales; delivers more than 1 lakh product

The e-commerce portal of Khadi and Village Industry Commission (KVIC) has registered gross online deals worth over Rs 1.12 crore just within the eight months of its operations. The online portal, l...

Walmart Vriddhi to assist MSMEs with developing Uttar Pradesh

Worldwide retailer Walmart on Thursday extended its MSME-centered Vriddhi e-institute to Uttar Pradesh, beginning with Agra.  The stage will give small businesses admittance to abilities and s...

SIDBI extends state-wise MSME program to Andhra Pradesh

Small Industries Development Bank of India (SIDBI) — the vital financial institution focusing on micro, small, and medium enterprises (MSMEs) has extended its MSME uphold program to build up a 'p...

Asset monetisation : overall of Rs 2L cr seen by 2024

The govt will soon form up a pipeline of infrastructure assets which belonging to various department and state-run entities for monetisation throughout the upcoming three years. The assets that wou...

PM Modi's pro entrepreneurship scheme disburses Rs 1,300 cr subsidy in FY21 ; Bank of Baroda has contributed more

The Modi government's professional business venture conspire Prime Minister's Employment Generation Program (PMEGP) has disbursed an margin money (subsidy) of Rs 1,279.72 crore as of January 31, 20...

Atmanirbharta through FDI

Finance minister Nirmala Sitharaman declared a several activities that will help encourage the reconciliation of Atmanirbhar Bharat with the worldwide economy. The public authority is going all out...

Indian Bank signs MOU with SID of IISc, for subsidizing Start-ups and MSMEs

State-owned Indian Bank said it has entered a MOU with Society for Innovation and Development (SID), an activity of Indian Institute of Science, for stretching out select credit facility to Start-u...

Bank of Maharashtra has tie – up with Vanaya Network for channel financing

Bank of Maharashtra on Thursday went into an strategic partnership with fintech organization Vayana Network to offer channel financing support for MSMEs. Vayana is India's biggest inventory network...

Technology industry driving India's recovery post Covid far better

The Indian innovation sector recover to develop at 2.3% year-on-year on the rapid of quick increasing speed in digital transformation and tech adoption .As the financial year 2020-2021 comes a conc...

New industrial policy of Tamil Nadu expects to attract in Rs 10 lakh-crore investment by 2025

Tamil Nadu government presented new industrial policy 2021 to accomplish a yearly development rate of 15% in the manufacturing sector while attracting investment worth Rs 10 lakh crore and creating...

MSME bank SIDBI posts Quarter 3 net profit of Rs 630 crore as NII develops, credit development stays strong

Small Industries Development Bank of India (SIDBI) — the primary financial institution focusing on micro, small, and medium enterprises (MSMEs) in the nation have announced a 9 percent net profit...

NBFCs look for relaxations to new guidelines proposed by RBI

Non-banking finance companies (NBFCs) have requested similar advantages as given to banks while the central bank hopes to fit guidelines for all lending institution as much as similar. These lender...

Check your Startup Eligibility Criteria for Startup India Seed Fund Scheme (SISFS)

The Indian government has approved the Startup India Seed Fund Scheme (SISFS), which will give beginning phase subsidizing to tech new startup by means of a corpus of INR 945 Cr. The Startup India ...

UP Govt targets 250% increase in exports within 4 years

Adjusting itself to the central government's point of expanding trades, the Uttar Pradesh government has set itself a profoundly aspiring objective of exporting goods products worth Rs 3 lakh crore...

2020 funding in new startup taking into small business technology adoption, access to finance jump regardless of Covid impact

Investments in beginning phase enterprises taking into innovation/technology adoption among small and medium enterprises (SMEs) in 2020 expanded to $51 million across nine arrangements from $6 mill...

Almost 70K women borrowers get credit guarantee under Modi govt's lead MSME support scheme

The credit guarantee reserve trust for micro and small enterprises (CGTMSE), which works the credit guarantee conspire for micro and small enterprises (MSEs), has concurred ensure approval to 67,17...

MSME registration crosses 20-lakh mark on Modi govt's Udyam portal; almost double in three months

The Modi government's new paperless web portal to ease MSME registration– Udyam Registration, launched on July 1, 2020, has crossed the 20-lakh-registration mark. As of February 1, 2021, the entr...

41.75 crore bank accounts opened under Pradhan Mantri Jan Dhan Yojana

The public authority today said that an absolute number of 41.75 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) out of which 35.96 crore accounts are employable.  ...

Nitin Gadkari suggest approach to boost khadi, village enterprises turnover; looks for research-drove tech changes

MSME Minister Nitin Gadkari has called for research-based innovation changes by small companies focusing on provincial regions for lasting  and transformative effect at the town level. Tending...

Delhi govt move tender to set up 500 EV charging focuses at 100 location

Delhi Power Minister Satyendar Jain recently declared that the government has skimmed a delicate to set up 500 EV charging focuses at 100 location.  

Delhi government has move country's ...

2021 setting up for another new development era, says Shaktikanta Das

The six-member Monetary Policy Committee of the Reserve Bank of India, headed by Governor Shaktikanta Das, Friday chose to keep up business as usual on approach rate. The repo rate stood unchanged ...

India can make its own Aatmanirbhar secured internet by setting up root server locally for under Rs 10 cr

With more than 50% offer in next-generation IP addresses, India currently can possibly make its own secured internet by setting up a root server locally for not as much as Rs 10 crore, as indicated...

NBFCs can start recovery in Rs 20-lakh credit default under SARFAESI Act

Finance minister Nirmala Sitharaman has proposed to bring down the limit for non-banking financial organizations (NBFCs) to start recovery procedures against loan defaulters under the Securitisatio...

Union Budget Speech 2021-22: FY21 shortage at 9.5% shows govt expenditure expanded, says FM

FM Nirmala Sitharaman stated while announcing Union Budget 2021. Among expensive measures, FM proposed a Rs 64,180-crore Aatmanirbhar Swastha Bharat conspire considering the pandemic.  Just mu...

PM Modi's SVANidhi credit scheme crosses more than 50% sanctioned loan application

The Modi government has empowered sanctioning of over 54.8 percent of uses got under its micro-credit crosses PM SVANidhi for nano or micro-entrepreneurs' people to scale their organizations and up...

NABARD estimate credit capability of Rs 2,21,211 crore for West Bengal for Financial year 2021 - 22

National Bank for Agriculture and Rural Development (NABARD) has assessed a credit capability of Rs 2,21,211.17 crore for West Bengal for the financial year 2021-22 under the need areas.  Of t...

Piyush Goyal looks for India Inc's aid to ensure new startup don't sell out 'cheap' to international investor

Days after Prime Minister Narendra Modi reported a Rs 1,000-crore seed fund for a new startup, Commerce Minister Piyush Goyal has now asked to set up Indian organizations and business-people to "de...

Govt may announce steps to ease e-commerce export & imports

The public authority in the financial plan one week from now is relied upon to report estimates, for example, broadening the facility of mass clearance for e-commerce imports and exports with the e...

JSW Steel's net benefit jumps multiple times to Rs 2,669 crore

Sponsored by a solid recovery in steel interest, JSW Steel on Friday revealed a heavenly arrangement of numbers for the three months of October-December, as the net benefit expanded almost multiple...

About 50% respondents feel Budget 2021 will revive their business

Around 50% of the business respondents feel that the upcoming Union Budget will revive their business, while a dominant part are optimistic about financial recovery and request improvement. 

Government is working with SBI to launch an e-commerce portal for MSME

The MSME Ministry is working with the State Bank of India to launch the e-commerce portal for MSMEs that will help them market and sell their items in India and universally like stages, for example...

Government should boost & inspire local production, supply chains by partnering with MSMEs

The MSME sector was one of those sectors that were worst hit by covid-19 pandemic. With more than 25-30 million positions lost in the time of March-June 2020 alone according to SKOCH Group overview...

To create awareness about SME listing BSE has signs MoU with Maharashtra government

Leading stock trade BSE said it has held hands with the Maharashtra government to make mindfulness about advantages of listing among small and medium enterprises (SMEs) of the state.  

MSMEs look for extension of credit guarantee scheme with Interest subvention scheme

MSMEs, which were allotted Rs 3.7 lakh crore of the Atmanirbhar bundle a year ago by the public authority, are looking for an additional lift to the credit side of their requirement to get back in ...

Major things & Tips to consider while taking Home Loan

Property is a resource that encourages you to receive various finance-related advantages. Regardless of whether you are searching to buy property for investment purposes or for finding your new hom...

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