Tuesday, March 2, 2021
Home Tags MSMEs

Tag: MSMEs

Gadkari urges MSMEs to avail concessional finance and install solar rooftops

NEW DELHI: Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to...

Govts should support businesses, especially MSMEs: Jaishankar

NEW DELHI: External Affairs Minister (EAM) S Jaishankar on Friday said that governments should support the businesses in their countries, specifically the MSMEs (Micro, Small and Medium Enterprises). Speaking at the Asia Economic Dialogue 2021, Jaishankar said, "People expect today the government to bat for...

Walmart to help small businesses in Uttar Pradesh grow via new Vriddhi e-institute

Walmart launched a new Vriddhi e-institute on Thursday in Agra to provide small businesses in Uttar Pradesh access to skills and competencies to grow in a post-pandemic environment through online and offline channels such as Flipkart’s marketplace and Walmart’s international supply chain. With the new...

Indian Bank news24nations MOU with SID of IISc, for funding Start-ups and MSMEs

State-owned on Friday said it has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs. This initiative is a part of the Banks scheme Ind Spring...

Returnable grants: Reimagining credit for a better normal

Padmaja, a 26-year-old beautypreneur, lives with her parents in a rented house in Chikmagalur, Karnataka, where she runs her own beauty parlour. In March 2020, COVID-19 struck a stinging blow to her entire family. Her income fell from Rs 11,600 in March to Rs...

Mastercard, Razorpay join hands to make digital payments more accessible for MSMEs

To drive digital payments acceptance by small businesses in India, Mastercard and Razorpay have launched a strategic partnership that combines Razorpay’s payment processing capabilities with Mastercard’s digital banking solutions and card services. The partnership will empower the micro, small and medium enterprises (MSMEs) in digitizing...

RBI Monetary Policy: RBI provides new incentives for commercial banks to lend to MSMEs

In a bid to incentivise new credit flow to MSME borrowers, RBI Governor Shaktikanta Das on Friday announced measures that could ease credit for MSME entrepreneurs. “Scheduled commercial banks will be allowed to deduct credit disbursed to new MSME borrowers from their NDTL for...

Fintech community embraces FM’s measures, expects wise usage of Rs 1,500 crore funds

Among the measures announced on Friday under the Union Budget 2021-22, the industry also had something to cheer about. Finance Minister Nirmala Sitharaman mentioned that the Government would support the development of a world class Fintech hub at the GIFT-IFSC (Gujarat International Finance...

A case for better tax-policies for MSMEs

Economies across the world came to a standstill over the last one year as a result of the pandemic, and subsequent lockdowns. There is no denying that one of the worst hit businesses during these challenging times were the micro, small and medium enterprises...