The banks have disbursed more than Rs 1 lakh crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, the finance ministry said. The loans have been disbursed fall under Atmanirbhar Bharat Package. The latest numbers on ECLGS, as released by the finance ministry has disbursements by all 12 […]
Tag Archives: MSME
UP MSME Act of 2020 Introduced by Uttar Pradesh Government to Ease Conditions for Setting up Medium And Small Enterprises in State
Lucknow, August 20: Uttar Pradesh is bringing an Act to ease the conditions for setting up Medium And Small Enterprises (MSME) units in Uttar Pradesh. According to a Times of India report, under this Act, an investor will be given 1,000 days to get necessary clearances after the first go-ahead. The new UP MSME (Establishment and […]
Narendra Modi Govt Operationlises Rs 20,000 Crore Stressed Fund to Benefit Around 2 Lakh MSMEs, Issues Guidelines for CGSSD Under Atmanirbhar Bharat Package
New Delhi, August 19: Prime Minister Narendra Modi-led Union Government on Wednesday operationalised Rs 20,000 crore stressed fund aiming to benefit around 2 lakh MSMEs. Apart from this, the Union government has also issued guidelines for Credit Guarantee Scheme for Subordinate Debt (CGSSD) which was announced under the Atmanirbhar Bharat package. According to the plan […]
Modi Govt Considering Giving ‘MSME Status’ to Dealers to Enable Them to Avail Benefits Offered to MSMEs, Says Nitin Gadkari
The Modi government is considering of giving ‘MSME status’ to dealers which will enable them to avail benefits offered to micro, small and medium enterprises (MSMEs). The announcement was made by Nitin Gadkari, Union Minister for MSME and road transport and highways, while he was addressing a virtual exhibition on ‘Construction Equipment, Technology Components and […]
MSME Sector in India: Nitin Gadkari Says Government Plans to Increase MSME Exports & Jobs in the Next 5 Years
New Delhi, August 17: Union Minister Nitin Gadkari on Sunday said that the Micro, Small & Medium Enterprises (MSME) sector plays a major role in the development of the country. He further spoke about how the government plans to increase MSMEs exports to 60 percent from 48 percent in the next 5 years. This will […]
Emergency Credit Facility Under ECLGS for Small Businesses Hiked From Rs 25 Crore to Rs 50 Crore, NCGTC Modifies Operational Guidelines
New Delhi, August 12: The National Credit Guarantee Trustee Company Ltd (NCGTC) on Wednesday issued a circular regarding the modification of operational guidelines for Emergency Credit Line Guarantee Scheme (ECLGS). The common trustee company informed that the new operational guidelines will now cover individuals and more enterprises amid the COVID-19 pandemic. Informing about the minutes […]
Steps Taken by Modi Government to Give Relief to MSMEs, to Accelerate the Wheel of Economy That Slowed Down Due to Lockdown
The government has said that the recent steps that it has taken are aimed at giving relief to MSMEs which will in turn accelerate the wheel of economy in India. Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari, during a webinar said that the changing the definition of MSMEs, Scheme of Fund of […]