HDFC Bank, USAID, others launch USD 100 million COVID-19 credit facility for MSMEs

The facility will be available only to new credit customers with a goal of at least 50 per cent of them being woman entrepreneurs.

published on : 21st October 2021

Karnataka MSMEs urge Centre to cut taxes on fuel

Though fuel price increase has reduced their margins, the MSMEs cannot pass on the burden to customers, as many vendors have signed contracts with their purchasers.

published on : 20th October 2021

New centre of Coir Board inaugurated in Balasore

Union Minister of State for MSME Bhanu Pratap Singh Verma said it will act as a facilitator in the path of development of the coir sector and subsequent economic growth of the State.

published on : 2nd October 2021

Tamil Nadu to set up Rs 100 crore mega cluster for aerospace sector in Hosur

Aerospace Engineers Pvt Ltd bagged a long-term contract from Boeing for supplying aviation components

published on : 28th September 2021

Ford India exit: Minister assures aid for MSMEs

Representatives of around 50 MSMEs, from Chennai and surrounding districts, took part in the meeting that spanned an hour.

published on : 23rd September 2021

Golden opportunity for FinTech to serve MSMEs

With credible solutions to delayed payments and access to credit, MSMEs can triple their gross value added from Rs 60 lakh crore to Rs 180 lakh crore in the coming decades

published on : 21st September 2021

HDFC Bank signs pact with National Small Industries Corporation to provide credit support to MSMEs

Under this, the country's largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness.

published on : 7th September 2021

UP exports up by 152.67% in April-May this year, ranked sixth among major exporting states

According to official data, UP exported goods worth Rs 21,500.85 crore in April and May this year, up 152.67% as compared to the export of goods worth Rs 8,511.34 crore in the same period in 2020.

published on : 7th September 2021

Bank of India ties-up with MAS Financial Services for co-lending

Co-lending was introduced by the RBI to increase the credit flow to the unserved and underserved sector by utilising the nimble-footed NBFC coverage to the informal sector.

published on : 7th September 2021

Odisha’s per capita debt burden Rs 23,000, rose twice over in 10 years

However, the government appears to have arrested the debt stock to 17.8 per cent of the GSDP midway through 2021-22 financial year which seems a positive sign for the pandemic-hit State economy.

published on : 7th September 2021

State seeks grant for energy efficiency initiatives in MSMEs

It is identified that the MSME sector holds immense potential in fostering energy efficiency and up-gradation of the technologies. 

published on : 6th September 2021

Rs 10 crore fund for startups, MSMEs under DRDO scheme

Bansal said that startups working with T-Hub and T-Works could make efficient use of funds.

published on : 4th September 2021

People’s purchasing power holds key: CM

Taking a dig at the previous TDP regime, he said a huge hype was created by holding big summits and signing pacts even before they became a reality.

published on : 4th September 2021

State gives Rs 1,124 crore push for MSMEs, mills

The State government will release Rs 1,124 crore as incentives to support Micro, Small and Medium Enterprises (MSMEs), textile and spinning mills, on Friday.

published on : 3rd September 2021

Slump in industrial loans remains a drag on banks' credit growth

Within industries, the key sectors that are deleveraging continuously include iron and steel, construction, cement and telecom.

published on : 3rd September 2021
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