Small Businesses

Micro enterprises best placed to help economy come out of COVID-19 crisis; eligible to get financial aid from credit institutions: Report

The state-run lenders gained market share in 2019, adding that public sector banks now account for 49% of the MSME lending and over 59% of the lending to the micro enterprises.

GoDaddy launches new initiatives to help small businesses; offers free upskilling courses for emerging entrepreneurs

GoDaddy is offering its recently upgraded WordPress eCommerce Hosting for Rs 99 for three months, to help small businesses get their online stores up and running in the most efficient way possible.

Union minister Nitin Gadkari asks corporate India to clear outstanding payments to MSMEs

Union Minister Nitin Gadkari on Tuesday asked India Inc to clear huge outstanding payments to micro, small and medium enterprises at the earliest in order to ease the distress in the sector and inject liquidity into market

Centre working on scheme to reimburse pending dues to MSMEs with interest: Nitin Gadkari

The Centre is working on a scheme to reimburse pending payments with interest to micro, small and medium enterprises (MSMEs), Union Minister Nitin Gadkari said on Thursday

Coronavirus Outbreak: Small business credit worth Rs 2.32 lakh cr at highest risk of default, warns CIBIL

Small business credit of Rs 2.32 lakh crore is at the highest risk of default, and micro enterprises having loan outstanding of less than Rs 10 lakh are the most vulnerable because of the COVID-19 pandemic, a credit information company said on Wednesday

Coronavirus Outbreak: India restarts small businesses, farming in rural areas as pandemic cases rise

Prime Minister Narendra Modi’s government said some activities, including factories and farming, would be allowed from Monday in the hinterland which has been less-hard hit by COVID-19.

Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply

Prime Minister Narendra Modi on Friday said the announcements made by the Reserve Bank of India will greatly enhance liquidity and improve credit supply

Coronavirus Lockdown: Small businesses struggle to pay wages; defer, cut salaries to workers this month

Small businesses account for nearly one-quarter of the country's $2.9 trillion economy and employ more than 500 million workers, according to government estimates

Indian banks to appeal for relief on bad loans amid coronavirus concerns; lenders witness signs of loan repayment delay from small businesses

As fear grips the nation amid health concerns, Indian banks - already burdened with some $140 billion in bad loans - worry their balance sheets could be hit further as businesses grind to a standstill.

Fundamentals of Indian economy strong, capable of achieving higher growth rates; aspirational targets essential to move ahead: Narendra Modi

Rejecting pessimism over the target of nearly doubling the size of the economy to $5 trillion, he said aspirational targets were needed to move ahead.