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A belated, but welcome, push for MSMEs
India currently has 63 million micro, small and medium enterprises (MSMEs), according to approximate estimates. According to a recent study by Small...
UBI signs MoU with SIDBI to co-finance MSMEs
Union Bank of India (UBI) signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for a co-financing...
MSMEs need more policy support to tide through Covid shock
The industry needs some concessions to overcome the burden of losses over the past two years. Ensuring revival of MSMEs will increase jobs...
Rs 283.5 cr allocated for Startup India Seed Fund Scheme
The government has allocated Rs 283.5 crore for the Startup India Seed Fund Scheme in the Budget 2022-23, which is higher than the Revised Estimate of...
Sidbi sanctions Rs650 cr to 2 SFBs
Over 40 small sized NBFCs / MFIs to get institutional funding
Electrical Machinery Industry availed credit of Rs 94.8 thousand crore...
The industry observed a quarterly decline in NPAs since Dec 2018. The Y-o-Y NPA improved by 5.83% in March 2021 and stood at 13.6%; while Q-o-Q...
Govt offers funding assistance to early stage startups
34 incubators received Rs135-cr assistance under Startup India Seed Fund Scheme in FY21 so far: Minister
SIDBI, Google ink pact with $15 mn corpus to help MSMEs
Business all over the world have been hit by the Covid-19 and they are in short of either finance, manufacturing material, etc., to provide assistance...
