Chennai, May 11 (KNN) The textile industry and MSMEs in Coimbatore have welcomed the government’s Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, saying the move will provide much-needed liquidity support amid ongoing global disruptions. Textile Sector Sees Relief Amid Working Capital Stress Southern India Mills Association Chairman Durai Palanisamy saidContinue Reading
New Delhi, May 16 (KNN) The gross non-performing assets (GNPA) ratio of small businesses has improved significantly, declining to 3.3 percent by September 2026 from 11 percent in FY20, driven by recoveries, loan upgrades and moderation in fresh slippages, according to a report by CareEdge Ratings. The report noted, however,Continue Reading
New Delhi, Jun 17 (KNN) France is keen to strengthen business engagement between Indian and French micro, small and medium enterprises (MSMEs), with healthcare, luxury retail, construction and logistics identified as priority sectors for collaboration, officials said on Tuesday. The remarks were made at an interactive session organised by theContinue Reading
New Delhi, Apr 9 (KNN) The Reserve Bank of India (RBI) has released draft directions for the Trade Receivables Discounting System (TReDS) on Wednesday, aiming to streamline and harmonise existing regulations to improve access to finance for Micro, Small and Medium Enterprises (MSMEs). The draft, titled Reserve Bank of IndiaContinue Reading
New Delhi, Apr 20 (KNN) The Centre is set to direct central public sector enterprises (CPSEs) and government agencies to mandatorily route payments to MSMEs through the Trade Receivables Discounting System, aiming to accelerate the release of pending dues. CPSEs and government agencies together owe around Rs 1 lakhContinue Reading
New Delhi, May 11 (KNN) With micro and small enterprises (MSEs) facing a double whammy of trade disruptions and rising input cost, they can avail benfits offered by various government schemes including Procurement and Marketing Support (PMS) scheme to partly ease the pressure. The PMS scheme run by MSME MinistryContinue Reading
New Delhi, May 16 (KNN) India SME Forum (ISF) has called for greater GST parity, predictable compliance systems, faster liquidity support and uniform enforcement standards across India’s expanding e-commerce ecosystem. The industry body said the recent ruling by the West Bengal Appellate Authority for Advance Ruling (WBAAAR) highlights the needContinue Reading
