by TEXTILE VALUE CHAIN | Jun 30, 2020 | Industry And Cluster, News & Insights
The new definition of micro, small and medium enterprises (MSMEs) that includes both turnover and investment limits has made processes simpler and will lead to improved credit flow to the sector, according State Bank of India chairman Rajnish Kumar, who recently...
by TEXTILE VALUE CHAIN | Jun 25, 2020 | Industry And Cluster, News & Insights
The top lenders under the Scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank. Banks have sanctioned loans of over Rs 79,000 crore till June 20 to 19 lakh MSMEs and other businesses, of which Rs 35,000 crore has already been disbursed, the Finance...
by TEXTILE VALUE CHAIN | Jun 9, 2020 | Industry And Cluster, News & Insights
Over 70 per cent of micro, small and medium enterprises (MSME) may reduce their staff count to survive and bounce back, according to a survey conducted by the All India Manufacturers Organisation (AIMO), which found less than 20 per cent of all...
by TEXTILE VALUE CHAIN | May 28, 2020 | Industry And Cluster, News & Insights
The Indian government is exploring new financial lending institutions to support small-scale units in terms of financial support. The government is also working towards strengthening the non-banking financial corporations (NBFCs) which will help small businesses to...
