Tag: Msmes

Odisha CM Urges Bankers To Increase Credit Flow To Farmers, SHGs, MSMEs

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Friday urged banks to expedite the process of credit disbursement to farmers, self-help groups and MSMEs to help them overcome financial constraint arising out of the COVID-19 crisis. During a virtual meeting with bankers, district collectors and top officers of the state government on the credit linkage issues, […]

Odisha CM Announces Rs 289.42-Crore Package For MSMEs As Covid Assistance

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Tuesday approved a stimulus package of Rs 289.42 crore for MSMEs in the state that have been facing stiff challenges amid the COVID-19 pandemic, official sources said. The package includes assistance measures such as interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance […]

Focus On Credit Flow To Farmers, SHGs, MSMEs: Odisha CM Tells Bankers

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Thursday applauded bankers for their services during the COVID-19 crisis and urged them to focus on credit flow to farmers, self-help groups and MSMEs to revive the state’s economy. The chief minister also said he would closely monitor loan advances to the three crucial sectors and review the […]

Covid 19 Caused 78% MSMEs & Startups In India To Reduce Workforce In The Last 8 Months: Survey

New Delhi: Seventy-eight per cent MSMEs and startups in India have reduced workforce in the last 8 months since the Covid-19 pandemic broke out. As per a survey by LocalCircles, only 22 per cent startups and MSMEs have the same or increased workforce as compared to the pre-Covid levels. India’s startups and MSMEs ecosystem went […]

No Record Of MSMEs Shut Down Amid COVID-19 Pandemic: Pratap Sarangi

New Delhi: After claiming that the government has no data on the deaths of migrant labourers amid the nationwide lockdown as well as doctors who lost their lives due to Covid-19, the Centre on Saturday said that it has no record of MSMEs that have faced closure in the wake of the pandemic. Interestingly, in […]

Export Turnover Threshold For MSMEs To Be Notified: Nitin Gadkari

New Delhi: Centre will soon notify the exclusion of export turnover threshold limits for bestowing the MSME status on firms, Union Minister Nitin Gadkari has said. Accordingly, the move will side in identifying MSME unit under the new definition of the sector. Speaking at an EEPC India meeting held a day ago, Gadkari said that […]

PSBs Sanction Rs 17,705 Crore Collateral Free Loans For MSMEs

New Delhi: Public sector banks (PSB) have so far sanctioned Rs 17,705.64 crore worth of loans under the 100 per cent government-guaranteed Emergency Credit Line Guarantee Scheme. The scheme is part of the Aatmanirbhar Bharat economic package. As per the government, banks would provide collateral-free loans to the eligible MSMEs loans upto Rs 3 lakh […]

MSMEs Seek Bigger Slice Of Public Procurement Pie

New Delhi: Seeking a bigger slice of public procurement pie, the micro, small and medium enterprises (MSMEs) sector has proposed small-ticket tenders so that they could participate in the bidding. In its Budget suggestions, Federation of Indian Micro and Small & Medium Enterprises (FISME) has said that smaller firms are getting elbowed out from public […]

Walmart Launches Initiative To Support MSMEs

New Delhi: Retail major Walmart on Monday launched “Walmart Vriddhi Supplier Development Program”, an initiative to help MSMEs in India to enhance their capability and supply chain. Speaking at the launch event here Judith McKenna, President and CEO, Walmart International Under the initiative, the company which owns the e-commerce major Flipkart, aims to train around […]