Emphasising the Reserve Bank of India (RBI) continued commitment to the MSME sector, RBI Governor Sanjay Malhotra on Sunday described Micro, Small and Medium Enterprises (MSMEs) as India’s “entrepreneurship nursery” and said the central bank will continue to extend strong support to the segment. He noted that MSMEs play aContinue Reading
India on Friday said that the cooperation among BRICS nations can help strengthen micro, small and medium enterprises, support weaker sections and contribute to the economic growth of member countries. Addressing the BRICS MSME Forum here, Union Minister Jitan Ram Manjhi said that the Prime Minister Narendra Modi-led government hasContinue Reading
Aramex will leverage its international logistics network and trade expertise to help Andhra Pradesh’s MSMEs strengthen export capabilities. Andhra Pradesh government has signed an MoU with Aramex, a global logistics and transportation solutions provider, to strengthen the state’s export ecosystem and support its ambitious goal of increasing the number ofContinue Reading
Global uncertainty has started to drag micro, small, and medium enterprise (MSME) activities, with loan growth decelerating to 13 per cent year-on-year in April 2026 compared to 20 per cent in December 2025, according to a report by IIFL Capital. However, the Emergency Credit Line Guarantee Scheme (ECLGS) is expectedContinue Reading
121 Finance, a leading NBFC-factor, has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM). NBFC-factor is a specialised non-deposit-taking financial institution that improves business liquidity by purchasing outstanding invoices The company has disbursed over 2,600 loans to more than 400Continue Reading
Government on Monday said that over 2.63 lakh applications for loan of ₹1.71 lakh crore have been received under latest version of Emergency Credit Line Guarantee scheme (ECLGS 5.0) The data are up to May 29. In the Interministerial briefing on West Asia, Manoj Ayyappan, Joint Secretary in the FinancialContinue Reading
Banks have sanctioned ₹35,000 crore loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs and industries impacted by the West Asia conflict. The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of ₹2.55 lakh crore, including ₹5,000 crore for airlines hitContinue Reading
