The Government has taken several initiatives under the Aatmanirbhar in MSME sector to mitigate the negative impact of Covid-19 on small businesses, including MSMEs, in the country. Some of them are:
Rs. 20,000 crore Subordinate Debt for stressed...
India’s Finance Minister Nirmala Sitharaman tabled the Union Budget for the fiscal year 2022-23 in the parliament yesterday. So far, the budget has received mixed responses being applauded by a few but frowned upon by others.
What do industry experts...
On account of the disruptions caused by the second wave of COVID 19 specially on healthcare sector, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling...
In recognition of the continuing adverse impact of COVID-19 pandemic on certain service sectors, the Government has now extended the scope of Emergency Credit Line Guarantee Scheme (ECLGS) through introduction of ECLGS 3.0 to cover business enterprises in Hospitality,...
As per the Estimates of Gross Domestic Product (GDP) for the First Quarter (Q1) of 2020-21 released by the National Statistical Office (NSO), Ministry of Statistics & Program Implementation (MoSPI), the real GDP in India contracted by 23.9 per...
Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
