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Razorpay acquires Bengaluru based TERA Finlabs to support MSME sector
Razorpay disclosed that the acquisition of TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competencies in capital solutions, credit underwriting and data-driven risk management.Read more
Sanjay Jaju: Urge Israeli companies to invest in Indian defence corridors
SIBAT, MoD, Israel, believed that the key to success in these times is enhancing the coordination and joint activities between the defence ministries of the two countries.Read more
FIEO: Growth in exports shows resilience & strength of India
FIEO also held that the need of the hour is to soon notify the Remission of Duties and Taxes on Export Products (RoDTEP) rates to remove uncertainty.Read more
RoDTEP rates for export promotion scheme expected to be notified soon
The remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are expected to be announced in ten days.Read more
MSME body CIMSME requests RBI to extend repayment period under ECLGS
CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more
World Bank approves $500 million RAMP Program for MSME sector in India
The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more
GeM and Indian Railways integration to generate Rs 500 bn opportunity for MSMEs
According to Piyush Goyal, after the integration of Government e-Marketplace (GeM) portal with Railways, there will be Rs 500 billion worth of annual procurement from MSMEs.Read more
Majority Of MSMEs in Pune to recover within next six months: Study
According to a survey conducted by the Pune-based MCCIA, 28% of total businesses will reach the pre-covid recovery in six months. The survey was conducted on 150 businesses of which 72% were MSMEs.Read more
ASSOCHAM seeks support to enable industry face Covid-19 challenges
Deepak Sood, Secretary General, ASSOCHAM believes that this is time to support and spend without giving too much focus on the fiscal parameters.Read more
Relaxations under ECLGS 1 will serve MSMEs well: FICCI
FICCI had requested that the quantum under ECLGS should be doubled to Rs 6 lakh croreRead more