India’s commercial credit market has grown into a Rs 65.8 lakh crore ecosystem, but the benefits have not yet reached most registered MSMEs. According to the latest MSME Pulse Report by TransUnion CIBIL and SIDBI, only 41% of India’s...
India’s banking and financial services sector is tightening lending norms for micro, small and medium enterprises (MSMEs) as early signs of stress begin to emerge. Amid rising delinquencies, especially in smaller loans, both banks and non-banking financial companies (NBFCs)...
NBFC the Non-Banking financial companies have grown considerably in the India financial system alongside with mainstream Banks and leading organizations. This has happened over time with efficiency and diversity in terms of products, services, asset quality and strong regulatory...
New Delhi, April 08, 2021 - As India grapples with the health and economic impact of the COVID-19 pandemic, an immediate challenge is to resurrect the MSME sector that forms 95 percent of all businesses in India. A major...
Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ministry of Commerce and Industry, Dr. Guruprasad Mohapatra today said that the measures envisaged in the Budget for 2021-22 will further boost the Start-ups in the country.
In a press...
Loans of more than Rs. 2 lakh crore sanctioned under ECLGS
The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3...
With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman had announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs....
Shri Nitin Gadkari, Union Minister for MSME and Road Transport and Highways held meetings via video conferencing with the representatives of Council of Leather Export, FICCI-‘NBFC Program’ and IMC Chamber of Commerce and Industry on impact of COVID-19 on...
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below...
MNRE gives major push towards setting up RE Equipment Manufacturing Parks in India
Tuticorin Port Trust, Govts of M P and Odissa express keen interest
Major Policy Changes brought in to incentivise the RE equipment manufacturing for domestic use and exports
The...
