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.