Category: MSME

The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakhs per borrower. Hence, NBFCs funding to MSEs is now restricted. The micro, small and medium enterprise (MSME) industry bodies have requested that the Reserve Bank of India (RBI) classify credit provided by banks to non-banking financial […]

Support to the millions of MSMEs, the backbone of the economy, is absolutely vital to inch closer to India’s green goals. India has its long-term goals of achieving net-zero by 2070 and meeting 50% of electricity needs from non-fossil sources by 2030. To be in sync with such targets, companies need to focus on sustainability […]

According to iSPRIT, the goal of PLSAI is to ensure that credit to micro, small, and medium enterprises (MSMEs) can double to ₹130 trillion over next 3-5 years. According to RBI norms, banks are required to maintain at least 40% of their adjusted net bank credit as priority sector loans. India’s non-bank lenders are coming together […]

Jaipur: Addressing pre-budget discussions held in two sessions with representatives of industry, trade, tax advisory associations and the service sector on Monday, Chief Minister, Bhajan Lal Sharma said MSME registrations were increasing rapidly due to investment-friendly policies of the State. In the last year, he said, about 5 lakh micro, small, and medium enterprises (MSMEs) […]

In a relief to the micro, small and medium business ecosystem in the country, the Centre began talks on reforms to reduce the compliance burden and provide regulatory relaxations for MSMEs in registration, mergers & acquisitions as well as closures of business, along with a focus on addressing financing difficulties in the sector. MSME refers […]

Substantial steps have been taken by the Indian Government and financial institutions to provide adequate loans for micro, small and medium enterprises (MSMEs) to foster growth without interruption. According to the Ministry of Micro, Small & Medium Enterprises’ report, over 12 million MSMEs are registered across India and contribute significantly to its economy. As such, […]

In the previous budget, Finance Minister, Nirmala Sitharaman had said that a new mechanism would be launched for facilitating continuation of bank credit to MSMEs during their stress period. The Government is working on revamping the framework for revival and rehabilitation (FRR) of debt-ridden micro, small, and medium enterprises (MSMEs) in order to make it […]

Shares of Toss The Coin hit a new high of Rs 842.55, zooming 363% against its issue price of Rs 182 per share on the BSE. Shares of Toss The Coin hit a new high at Rs 842.55, on hitting the 5% upper circuit on the BSE in Thursday’s intra-day trade in an otherwise weak market. The […]

Finance Minister, Nirmala Sitharaman, in her Budget 2024-25 announcement, highlighted the scheme’s framework. It aims to facilitate term loans for MSMEs to purchase machinery and equipment without collateral or third-party guarantees. The Government is set to introduce a new credit guarantee scheme for the Micro, Small, and Medium Enterprises (MSME) sector, providing collateral-free loans up […]

A recent study by Paisabazaar reveals that over 70% of MSMEs and self-employed individuals seek loans for immediate financial needs, primarily for working capital, raw materials, and debt consolidation. Less than 30% apply for loans aimed at growth initiatives such as marketing, machinery upgrades, or office expansion. Metro cities like Delhi NCR and Mumbai lead […]