finance

Banks denied loans to 40% small businesses struggling to survive pandemic: survey

A study on the impact of Covid-19 on micro businesses in India has found that nearly 40 per cent of them were denied loans (both formal/informal) as…

How co-lending is re-shaping MSME credit

Micro, Small, and Medium Enterprises are a critical instrument in India’s growth trajectory. As per the National Sample Survey’s (NSS) 73rd round,…

MSMEs should convey the key GST related issues to the Government for resolution

The MSME sector is considered an important pillar of the economy as it contributes to the economy’s growth. In recent years, the sector has consistently…

One in 6 MSME loan accounts under Govt pandemic relief package turns NPA

About the Emergency Credit Line Guarantee Scheme (ECLGS)

Under ECLGS, which is for helping companies tide over liquidity crunch resulting from Covid-19 curbs,…

Insurance for MSMEs is a key ingredient towards nurturing the Atmanirbhar Bharat

Finance is the key to success in any business, and this holds especially true for MSMEs. Small businesses require funds to buy equipment, refill inventory,…

MSME Credit on the path of recovery, RBI Data

The year-on-year growth in credit deployed by scheduled commercial banks to Micro and Small enterprises (MSEs) improved to 19.2 % in July 2022 from 1.4…

How will RBI repo rate hike affect the MSMEs

Reserve Bank of India raised the Repo Rate on three occasions in the past 3 months latest being on 5th August 2022. The Repo Rate now stands at 5.40…

Meta to expand SME Loan Plan

Facebook and Whatsapp parent Meta will expand its loan for small businesses programme in India from the current 200 towns to almost the entire country…