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FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth
Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more
Government extends Emergency Line Credit Guarantee till Nov 30
The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more
Government not keen to extend credit guarantee scheme for MSMEs
The objective is to provide support to all those affected and if there are no takers for the scheme, there is no need to extend the scheme even though there is some room left. Read more
Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports
The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more
Ministry suggest increase in credit guarantee for MSMEs to Rs 5000 bn
MSME Minister Nitin Gadkari urge industry to look upon the present crisis as opportunity especially as some countries are looking to move away their investments from China.Read more
[Budget 2020] New NIRVIK scheme to provide higher export credit disbursement
FM Nirmala Sitharaman proposes allocation of Rs 27,300 crore for industry and commerce in FY21; and raises Customs Duties on number of productsRead more
LANXESS considers sustainable revolving credit facility of EUR 1 bn
The revolving credit facility is intended to secure the company’s liquidity in the long term and thus to provide financial backup for growth.Read more
IPF Industrial Excellence Awards 2018 receives thumbs up from industry
Industrial Products Finder (IPF) recognises the fastest growing SMEs from manufacturing sector and firms that meet the standards of ‘Product Excellence’. This year’s awards received thumbs up from more than 200 who’s who of the industry who were present for the function where 15 SMEs from across India were honoured for their performance.Read more
ECGC Ltd: Empowering Exports
ECGC, one of the oldest export credit agencies in the world, has been playing a crucial role in insuring the export receivables and lending to exports. Out of around 20,000 exporters benefited by ECGC’s covers, more than 85 per cent are MSME exporters.Read more
Uno Minda goes digital to increase supply chain efficiency
By adopting Moglix’s vendor portal solution, the auto components maker has improved communication between users and suppliers, thus increasing productivity.Read more