msme credit

By Avishek Gupta   Credit and Finance for MSMEs: India’s micro, small, and medium enterprises (MSME) sector is the source of innovation and livelihood for millions of people. The country’s 63 million MSMEs represent 30 per cent of India’s…

Credit and Finance for MSMEs: Bank loans sanctioned to micro, small and medium enterprises (MSMEs) under SIDBI’s 59-minute loan approval scheme as of June 1, 2022, stood at 2,40,852 involving Rs 81,690 crores, according to MSME Ministry’s…

Credit and Finance for MSMEs: Year-on-year growth in the deployment of gross bank credit to micro and small enterprises (MSEs) stood at 10.6 per cent in March from 8.4 per cent in February and 4.8 per cent in January as the post-Covid…

Credit and Finance for MSMEs: MSME association Federation of Indian Micro and Small & Medium Enterprises (FISME) has signed a memorandum of understanding (MoU) with financial guarantee provider Eqaro Surety to set up a digital lending…

The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure…

Credit and Finance for MSMEs: The credit amount ranges from Rs 25,000 to several crores with repayment cycles from 1 week to 1 year. The credit will be offered based on merchant’s transaction history. Credit and Finance for MSMEs: Online…

65 per cent respondents said ECLGS credit helped them ease their financial problems. (Image: Pixabay)Credit and Finance for MSMEs: One of the largest post-Covid credit schemes by the government for MSMEs to recover from the pandemic impact…

MSME loans restructured by the public sector banks (PSBs) had increased 2.1X from 6,19,562 accounts involving Rs 22,650 crore as of January 31, 2020, to 13.06 lakh accounts involving Rs 55,333 crore as of June 26, 2021. (Image:…