REPO RATE REMAINS UNCHANGED AT 4% SAYS RBI GOVERNOR SHAKTIKANTA DAS

Highlights

• The Reserve Bank of India Governor Shaktikanta Das said imports fell sharply in the month of June

• Real GDP growth is estimated to be negative for the year 2020-21

• RBI clearly said that stressed MSME borrowers will be eligible for debt ...

PM NARENDRA MODI ASSESSES THE PROGRESS OF RS 20 LAKH CRORE STIMULUS PACKAGE

Highlights

• Majority of the banks are already implementing  the measures announced under the stimulus package

• On Monday, the Prime Minister Modi met all the secretaries including the Finance Secretary

• First tranche of Rs 5.94 lakh crore was a...

PM NARENDRA MODI INVITES THE WORLD TO INVEST IN INDIA

Addressing the inaugural event at the India Global Week 2020, the Prime Minister of India, Narendra Modi today invited the world to invest in India stating that the Indian economy is already showcasing signs of recovery. The event termed as one of the biggest international event’s on India&...

INDIA BETTER OPTION THAN CHINA: UNION MINISTER NITIN GADKARI TO GLOBAL INVESTORS

Highlights

• Union Minister Nitin Gadkari said the world is presently searching for new option and India can definitely be a better and viable option for the investors

• Numerous institutions and scientists in India are working relentlessly to develop COVID-19 vaccin...

ANURAG THAKUR: DELAY IN LOANS TO MSMEs WILL LEAD TO STRICT ACTION AGAINST BANKS

Highlights

• The Finance Ministry of India announced loans to the MSMEs worth Rs 3 lakh crore

• The Central Government made changes in the definition of MSMEs and is keenly tracking the disbursement of the loans

• If any business owners find difficulti...

GOVERNMENT OF INDIA ANNOUNCES ADDITIONAL RS 20,000 CRORE FOR MSMEs

Highlights

• The government announced an equity assistance worth Rs 20,000 crore for Micro Small and Medium Enterprises (MSMEs)

• The Agriculture ministry announced Minimum Support Prices (MSPs) for 14 crops in order to help the farmers

On the meeting that ...

RETAILERS AND SMALL BUSINESSES ARE ELIGIBLE FOR EMERGENCY CREDIT

Highlights

• All the assistance under this scheme will be sent in the form of additional working capital through a term loan facility for the eligible MSMEs and businesses

• As per CAIT, retailers and small businesses lost business worth Rs 9 lakh crore, while the Ce...

Through Financing Machinery loans to MSMEs Pune NBFC makes Rs 144 CR

In India, the MSME sector makes up 45% of the manufacturing output and much more than 40% of the country's exports. These numbers illustrate how critical the industry is to the manufacturing sector and the economy of India.

It is not easy for MSMEs to sustain their momentum.

The influence on the Indian economy and financial stability by supply chain finance

India's MSME sector plays a leading part in contributing 29 % of India's GDP while employing 110 million people, and 50 % of its exports. It is the dream of MSME Union Minister Nitin Gadkari to boost this sector's contribution to more than 50% of India's GDP and to increase its ex...