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Prime Minister Launches New Rs 6,000 Crore Scheme To Encourage Exports
Prime Minister Narendra Modi on Thursday launched schemes to support the Micro, Small, and Medium Enterprises (MSMEs) sector and to encourage exports.
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Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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Top 10 Takeaways From Nirmala Sitharaman's Announcements For Farmers
Finance Minister Nirmala Sitharaman on Friday announced 11 measures aimed at boosting agriculture and allied activities affected by the coronavirus crisis. The measures were part of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi this week for the coronavirus-hit economy. The Finance Minister has already unveiled two...
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10 Big Takeaways From Nirmala Sitharaman's Briefing On Economic Package
Union Finance Minister Nirmala Sitharaman on Wednesday gave some details of the Rs 20 lakh crore COVID-19 economic relief plan announced by Prime Minister Narendra Modi, stressing on a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis. She said more details of the relief package will be announce...
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What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
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Nirmala Sitharaman Says Banks Have Sufficient Liquidity
Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance Minister said banks have been asked to provide a bill discounting facility to the micro, small and medium enterprises (MSME) sector against dues from large ...
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5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
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ICICI Bank-Marg ERP Partnership: 10 Benefits That May Ease Your Digital Transactions
Marg ERP limited, an Inventory and Accounting software solution company has partnered with ICICI Bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG's accounting software. This integration will enable connected banking and also enable ICICI Bank's current account holders to securely conne...
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Small Finance Banks Offer Higher Interest Rates On Deposit. 5 Things To Know
Small finance banks generally offer higher interest rates as compared to many leading banks in India. Small finance banks are niche banks which provide financial inclusion to small businesses, micro and small industries, and marginal farmers, among others. The aim behind small finance banks is to provide financial inclusion to sections of the econo...
-
Prime Minister Launches New Rs 6,000 Crore Scheme To Encourage Exports
Prime Minister Narendra Modi on Thursday launched schemes to support the Micro, Small, and Medium Enterprises (MSMEs) sector and to encourage exports.
-
Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
-
Top 10 Takeaways From Nirmala Sitharaman's Announcements For Farmers
Finance Minister Nirmala Sitharaman on Friday announced 11 measures aimed at boosting agriculture and allied activities affected by the coronavirus crisis. The measures were part of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi this week for the coronavirus-hit economy. The Finance Minister has already unveiled two...
-
10 Big Takeaways From Nirmala Sitharaman's Briefing On Economic Package
Union Finance Minister Nirmala Sitharaman on Wednesday gave some details of the Rs 20 lakh crore COVID-19 economic relief plan announced by Prime Minister Narendra Modi, stressing on a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis. She said more details of the relief package will be announce...
-
What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
-
Nirmala Sitharaman Says Banks Have Sufficient Liquidity
Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance Minister said banks have been asked to provide a bill discounting facility to the micro, small and medium enterprises (MSME) sector against dues from large ...
-
5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
-
ICICI Bank-Marg ERP Partnership: 10 Benefits That May Ease Your Digital Transactions
Marg ERP limited, an Inventory and Accounting software solution company has partnered with ICICI Bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG's accounting software. This integration will enable connected banking and also enable ICICI Bank's current account holders to securely conne...
-
Small Finance Banks Offer Higher Interest Rates On Deposit. 5 Things To Know
Small finance banks generally offer higher interest rates as compared to many leading banks in India. Small finance banks are niche banks which provide financial inclusion to small businesses, micro and small industries, and marginal farmers, among others. The aim behind small finance banks is to provide financial inclusion to sections of the econo...
