MSME News

• Tamil Nadu Govt. Launches Credit Guarantee Scheme for MSMEs Offering Loans up to Rs 40 Lakhs

  According to V. Arun Roy, MSME Secretary, the initiative, which lowers the requirement for collateral for MSMEs to secure loans, would initially be accessible to MSME clients of TAICO and TIIC.…

• Govt to Launch Initiatives to Strengthen Pharmaceutical Sector, Focusing on MSMEs & Clusters

  Dr. Mansukh Mandaviya, Union Minister of Chemicals and Fertilizers and Health and Family Welfare, will formally launch these initiatives on July 21, 2022, at the Dr. Bhimrao Ambedkar International Convention Centre.…

• PM Modi addresses the Nation for the India Global Meet 2020 focusing on economy

  “Be the Revival: India and the Better New World” is the theme for this year’s India Global Week 2020. PM Narendra Modi has made a major world-wide address focusing on the agriculture sector and MSME’s.…

• World Bank & Government of India sign $750 Million Agreement for Emergency Response Programme for MSMEs

  The World Bank and the Government of India has signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis.…

• MSMEs Sector a Priority for the Government: Nitin Gadkari

  A meeting via video conferencing was held by Union Minister of Micro, Small, and Medium Enterprises Nitin Gadkari with representatives of Engineering Exports Promotion Council (EEPC) to discuss the post COVID growth of the sector.…

• Nitin Gadkari Launches Credit Guarantee Scheme for Sub-ordinate Debt

  Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”.…

• Banks Should Not Delay Credit Access to MSMEs: Anurag Thakur

  The Centre has assured MSME entrepreneurs of “corrective action”, if banks delayed or created unwarranted hurdles towards the disbursement of INR 3,00,000-crore loans allocated to them as part of fiscal stimulus and COVID-19 relief package.…