Category: MSME

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 […]

The government is reviewing the decriminalisation of minor offenses under the MSMED Act to ease the burden on MSMEs. This initiative is part of broader efforts to improve the business environment for small enterprises struggling with capital and credit issues. Ahead of the Union budget, the MSME ministry has recommended to the law ministry that […]

The government is accelerating India’s transformation into a defence technology hub by actively involving MSMEs, startups, and academia in projects worth Rs 1,264 crore. Minister of State for Defence Sanjay Seth highlighted these initiatives in a Lok Sabha reply, with additional details shared through an official Ministry of Defence (MoD) release. One of the key […]

“Shri M. Nagaraju, Secretary of Department of Financial Services, Leads Review Meeting with Public Sector Banks”On November 5, 2024, Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), chaired a review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) to assess their performance across critical areas, including financial stability, […]

When it comes to booking travel for employees, many businesses rank one factor above all others. Business travel can be costly and account for a significant portion of small and medium-sized enterprises’ (SMEs) annual expenses. Yet a survey conducted by Corporate Traveler and Global Business Travel Association (GBTA) found business travel managers aren’t as focused on the bottom […]

Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others. Indicating a positive trend, loans to the Micro, Small and Medium Enterprises (MSMEs) have showed an uptick on a year-on-year basis so far in the current fiscal, compared to the corresponding period last fiscal. According […]

This is exorbitant profit making. So, I think the regulator has to first put curbs on the merchant bankers. As you are saying, diligence of them and if they have found fault, there should be severe and strict punishment on the institutional piece of the business, that is one. Second is what this is also […]