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Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

Business Environment Set for Growth

The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more

Budget 2022 announces additional credit of Rs 2 trn for MSMEs

Budget 2022 announces additional credit of Rs 2 trn for MSMEs Credit will be available through revamped Credit Guarantee Trust for Micro and Small Enterprises Scheme (CGTMSE). The government will roll out “Raising and Accelerating MSME Performance” (RAMP) programme with outlay of Rs 60 billionRead more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022

The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more

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

Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave

FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more

Tata Steel Mining all set to acquire Rohit Ferro-Tech

Tata Steel Mining Ltd (TSML), a wholly-owned subsidiary of Tata Steel Limited, announced that it is the successful resolution applicant for Kolkata-based ferrochrome maker Rohit Ferro-Tech Ltd (RFT). 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

Ind-Ra: ECLGS extension to help mid and emerging corporates recover post Covid

The extension in the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) will support the liquidity of around one-third of mid and emerging corporates (MECs), according to India Ratings and Research (Ind-Ra).Read more

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