Msme Sector

Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles

The biggest challenge faced by women entrepreneurs in India is gender bias in access to finance as studies show that their loan applications are more likely to be delayed or rejected as compared to men

Nirmala Sitharaman to meet PSB chiefs tomorrow to discuss loan disbursement; to review interest rate transmission to borrowers

The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Friday, sources said.

Govt's stimulus package 'heavy hitter' to propel MSME sector; delivery of credit will be key, say tech firms

Finance Minister Nirmala Sitharaman announced the creation of a fund of funds for MSMEs, which will infuse Rs 50,000 crore equity in units that have growth potential.

UP, MP ease labour laws: India needs to ride this wave focussing on employee health, safety and correct 'miserable' record in this matter

Labour regulations such as 8 hours work days were brought in after years of protests against exploitation.

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week

Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown.

Odisha govt talks to Japanese, Korean and US firms to attract more investments; to come out with model policy for industries

The Odisha government has also decided to formulate a model policy to resolve the problems faced by the industries, he said, adding that it has been decided to start discussions regarding the problems faced by the industries due to the pandemic.

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.

Govt offers relief to MSME sector, stakeholders say take care of salary payments, provide 6 months interest waiver on loans

The government is considering providing payroll support and overheads for the MSME sector for 110 mn workers and staff which could cost up to around Rs 1-1.5 lakh crore.

Apparel exporters seek Narendra Modi's intervention for stimulus package; say overseas buyers cancelling orders

He said that about 70 percent of the apparel units are in the MSME sector and it is imperative to note that the member-exporters strictly comply with national and international norms.

BEL achieves record turnover in excess of Rs 12,500 cr in FY20; secures orders worth Rs 13,000 cr

BEL achieved export sales of $48.59 million during 2019-20.