Lockdown effect: Majority of Karnataka MSMEs may shut if situation does not improve

Covid-19 has rubbed salt over the wounds of Micro, Small and Medium Enterprises (MSMEs), which were already reeling under the impact of economic slowdown.

published on : 21st October 2020

Sector being ignored by government: KASSIA

This is helping Tamil Nadu gain economically as a large number goods is being exported from there.

published on : 21st October 2020

BSE to educate MSMEs in Telangana on stock exchange

As part of this partnership, BSE will provide intellectual and manpower support to create awareness about the importance of listing.

published on : 20th October 2020

State’s MSME sector in deep crisis, says CII

A majority of MSMEs have a history of unpaid loans and there is a need to promote financial literacy in this sector, said K Elangovan, principal secretary, Kerala Industries.

published on : 20th October 2020

COVID-19: Government unlikely to extend credit guarantee scheme for MSME sector beyond October

On May 20, the Cabinet approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through ECLGS for MSME sector.

published on : 18th October 2020

IEMA wants MSME sector reorganised

The president of IEMA, KV Kanakambaram, said: “Many MSME units in Tamil Nadu are facing grave challenges. Some of them were even shut down due to the Covid crisis.

published on : 11th October 2020

Banks sanction Rs 1.87 lakh cr to 50.7 lakh MSMEs under credit guarantee scheme

The loan amounts sanctioned by PSBs increased to Rs 81,648.82 crore, of which Rs 68,814.43 crore has been disbursed as of October 5, Sitharaman said.

published on : 8th October 2020

Interest subvention scheme for MSME loans extended for another financial year

As per the conditions of the subvention scheme, loan accounts on the date of filing the claim should not have been declared as a non-performing asset (NPAs).

published on : 8th October 2020

India unlocks, but revival for MSMEs remains patchy

Majority of these firms yet to touch half of pre-pandemic level sales

published on : 4th October 2020

Ready to waive compound interest during moratorium for loans upto Rs 2 crore: Centre to SC

An affidavit to the Supreme Court said that the only solution is that the government should bear the burden resulting from waiver of compound interest.

published on : 3rd October 2020

Banks sanction Rs 1.86 lakh crore to 50 lakh MSMEs under credit guarantee scheme

While sharing the progress of implementation of various other schemes under Aatmanirbhar Bharat Abhiyan package, it said banks have approved the purchase of portfolio of Rs 25,505 crore.

published on : 2nd October 2020

Lockdown effect: Lack of capital, labour slow down MSMEs, industrial estates in Chennai

VK Girish Pandian, president of National Confederation of Small Industry, said the MSMEs are facing a huge challenge with the six-month moratorium ending in August.

published on : 29th September 2020

No record of the number of MSMEs that shut down during the lockdown: Centre 

According to sources in the ministry of MSMEs, data which was used to address the Covid-induced problems was largely from 2013. 

published on : 20th September 2020

Centre orders 500 big firms to clear MSME dues

'Around Rs 10,000 crore has been paid by CPSEs,' the MSME ministry said, while urging states to clear payments pronto. 

published on : 15th September 2020

Coalgate and the French kiss of death

With several units shut and thousands of jobs lost, the transformation was drastic. In some cases, employers became employees.

published on : 13th September 2020
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