MSMEs

The future of the promising but natural arts industry is needed through the means of engaging entrepreneurs ’minds.

The Indian handicraft sector was undoubtedly one of the most affected sectors of the Indian economy during the COVID-19 epidemic. Global locks are followed by months of non-sale or business and dark hopes for a return to normalcy. However, as lives slowly deteriorate and return to normal, it is not surprising to find new and …

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Shaktikanta Das urges PSBs to immediately implement the measures announced by the RBI

RBI Governor Shaktikanta Das on Wednesday called on state banks to immediately implement the measures announced by the central bank recently “with the right intention”, and to continue to focus on measures to strengthen the resilience of their balances. Das during a meeting with MDs and CEOs of public sector banks acknowledged the important role …

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With the help of 2.5 million MSMEs in India online, they are empowered to export $ 3 billion: Amazon

Amazon India on Thursday said it had installed 2.5 million MSMEs computers, approved an export increase of about $ 3 billion and helped create nearly a million jobs in the country. Last year, Amazon announced a USD 1 billion investment to empower 10 million digital, small and medium-sized businesses (10MMs), enable USD 10 billion e-commerce …

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Impact of COVID-19: Assocham seeks wage support, interest rate support to assist industry

The Assocham Industrial Room on Wednesday commended the government for expanding its assistance such as regulatory cuts, wage support, and interest subsidies for MSMEs struggling due to the significant impact of COVID 19. As countries are in the process of reducing locks, trade and industry will need support from all sides to revive the business …

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Fears of NPA and risk-taking banks could come to the forefront of RBI funding for MSMEs, the most affected sectors

The meeting of the RBI (MPC) finance committee came at a critical time with the economy facing the second wave of coronavirus. In anticipation of the expected move, the MPC maintained the current status quo in policy values ​​and decided to continue standing. The second wave has hit the economy as most countries impose locks …

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GST data-based borrowing improves MSMEs access to credit

Vayana has been able to reduce the cost of funding MSMEs on its platform by 200-600 basic points in partnership with banks and NBFCs looking to finance the purchase of building materials to build their MSME portfolios. Ram Iyer, founder and CEO, Vayana Network, said MSMEs have been undermined by the official banking system due …

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