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Govt. considering giving MSME status to dealers: Gadkari

The government is considering according MSME status to dealers as it will enable them to avail benefits offered to micro, small and medium enterprises said Union Minister Nitin Gadkari.

Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced ....

MSMEs will take at least 7-8 months to recover from COVID-19 impact: D&B Chief Economist

The MSMEs will take at least 7-8 months to recover from the impact of COVID-19 pandemic....

Banks sanction loans of Rs 1.61 lakh cr to MSMEs under credit guarantee scheme

The Finance Ministry on Monday said banks have sanctioned loans.....

BSE joins hands with Yes Bank to empower SMEs

eading stock exchange BSE on Monday said it has signed a pact with private sector lender Yes Bank NSE -0.37 % to

Banks sanction loans worth Rs 1.77 lakh cr to 44 lakh MSMEs under credit guarantee plan

The Finance Ministry on Thursday said banks have sanctioned loans of about Rs 1.77 lakh crore to 44.2 lakh business units under the Rs 3-lakh crore Emergency

Ease of doing business: 1,000 companies get nod to start projects

The Congress government’s breakthrough policy reform for micro, small, medium enterprises (MSME) on Monday crossed a a momentous milestone of 1,000 companies getting one-shot nod to start their projects.

Yes Bank launches Smart Edge, an industry first surrogate lending program for MSMEs

The first-of-its-kind surrogate lending model wherein no financial statements will be required and credit appraisal will be done basis data-points pulled from GST returns and operative Bank accounts of MSMEs

Labour Reforms

Companies will soon not require multiple registrations, as they do now under a plethora of labour laws, because the government has proposed one licence, one registration, and one return for establishments.

Special MSME package can help 7 cr accounts, Rs 1 L cr loans: Fin secy

The Reserve Banks restructuring package for small businesses announced last month will help recast Rs 1 lakh crore of loans for 7 lakh eligible micro, small and medium enterprises, a top government official has said. The estimate from the Department of Financial Services (DFS) secretary Rajiv Kumar is much higher than domestic rating agency Icras assessment of Rs 10,000 crore. It comes even as some banks have seen a reluctance among the target MSMEs to take advantage of the scheme.

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