Wednesday, October 20, 2021

Centre extends credit guarantee scheme for MSMEs till March 31

The Central Government on October 4 extended the credit guarantee scheme for MSMEs till March 31, 2022. The Credit Guarantee Scheme for Subordinate Debt (CGSSD) was approved for stressed...

ICICI Bank to offer instant overdraft (OD) to MSME sellers registered on Amazon

ICICI Bank announced on Monday that it has partnered with Amazon India to provide instantaneous and digital overdraft (OD) facilities up to Rs 25 lakh to individual sellers and...
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Would like to lead good 20-30 Indian SME firms to IPO and Unicorn tags:...

IPOs is in the buzz again as record number of firms are lined up to mop up thousands of crores due to the abundance of liquidity in market.

Kotak Mahindra Bank Ltd partners with the USAID and DFC to facilitate financing for...

Kotak Mahindra Bank Ltd (KMBL) through a US $50 million Loan Guaranty Program has partnered with, The United States Agency for International Development (USAID) and the U.S. International Development...
Photo by rupixen.com on Unsplash

Banks’ ECLGS disbursal stands over Rs 2 lakh cr till mid-July

Banks have sanctioned Rs 2.76 lakh crore till mid-July under the Emergency Credit Line Guarantee Scheme (ECLGS) The PM SVANidhi scheme which provides loans to Rs...
Photo by Prasad Panchakshari on Unsplash

Going into the second wave, SMEs are embracing digital and e-commerce at a rapid...

As Darwin said, the fittest will survive. SMEs are increasingly adopting digital to be the fittest to survive the after effects of the second pandemic wave.

Financial institutions should give loans based on long term projection of companies

In an interaction with TheSMEIndia.com Sandeep Tandon Director DST Tech Private limited a company into Zinc Die-casting shares his view on the impact of the second wave, their linkage...

Increased use of financial technology by the SME sector contributes in measuring Covid-19 affect.

Business activities in India, one of the world’s largest economies, came to a grinding halt within weeks of the COVID-19 outbreak in the country last year. Millions of retailers...

Impact of second wave & scattered lockdowns on the SME segment

India is undoubtedly facing and fighting the second wave of COVID-19. In the month of April 2021, the increase in the COVID-19 cases have seen an unprecedented upswing on...

NowPurchase is bullish on scrap as a business segment in metal procurement

https://www.youtube.com/watch?v=NV_FJdgbKCY NowPurchase is a business-to-business (B2B) technology-driven procurement solution for metal producers that expands and provides production inputs at the lowest possible manufacturing cost....

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