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Ola Electric raises $100 million debt from Bank of Baroda

The first phase of Ola Future factory is nearing completion shortly, following which production trials.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

ASSOCHAM: Extend NCLT moratorium till Dec 2021

After a year-long moratorium on taking the financially stressed companies for NCLT resolution under IBC, the normalcy was restored in the last week of March 2021.Read more

World Bank steps up during Covid 19 with financing approvals exceeding $100

The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman stated this during the 103rd Meeting of the Development Committee Plenary via video conferencing recently. Read more

HDFC Bank grows by 30 per cent on MSME lending

A major part of this success can be attributed to the MSME books and has been supporting this vital part of the economy during the pandemic.Read more

FICCI-IBA Bankers' Survey: Banks report a decline in NPAs in 2nd half of 2020

The survey findings also show that long term credit demand has been growing for sectors such as infrastructure, pharmaceuticals and food processing.Read more

Fall in bankruptcy filing between 2018 to 2020: Anurag Singh Thakur

As per data provided by the National Company Law Tribunal, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC.Read more

Stand up India scheme benefited over 1,10,019 beneficiaries

The scheme was aimed to boost MSME sector to kick start more manufacturing to strengthen tier-2 connect.Read more

Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEs”

The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more

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