MSME News (Page 3)

Krushna Chandra Panigrahy, Director General, Bureau of Energy Efficiency (BEE) India’s next phase of energy transition will require faster electrification and wider adoption of clean technologies, digital solutions and energy-efficiency measures, with MSMEs needing to significantly accelerate adoption, Krushna Chandra Panigrahy, Director General, Bureau of Energy Efficiency (BEE), said. SpeakingContinue Reading

Uttar Pradesh has a diversified industrial and agricultural base. | Photo Credit: ANI Uttar Pradesh has strengthened its trade engagement with BRICS members and partner nations, recording exports worth ₹47,484 crore to these markets, as the state steps up efforts to expand the global footprint of its traditional industries, manufacturingContinue Reading

FISME recommended that existing facilities be grandfathered until maturity or annual review and that NBFCs and borrowers be granted a six-to-twelve-month transition period to comply with any revised framework | Photo Credit: Lemon_tm The Reserve Bank of India’s (RBI) proposal to prohibit revolving credit facilities offered by non-banking financial companiesContinue Reading

The pilot programme has already been implemented at three RRBs, with the government saying the results have been encouraging.  | Photo Credit: SREENIVASA MURTHY V SIDBI and Regional Rural Banks (RRBs) are set to expand their co-lending arrangement to improve access to credit for micro, small and medium enterprises (MSMEs)Continue Reading

Indian banks will likely maintain benign asset quality trends, with deleveraging in unsecured lending limiting incremental stress and the West Asia crisis having minimal impact on asset quality, according to a report by Goldman Sachs. According to the report, the outlook for asset quality of Indian banks has improved significantlyContinue Reading

Indian Bank is committed to empowering customers and supporting the growth of the Retail, Agriculture and MSME segments, in line with the national vision of Viksit Bharat. | Photo Credit: AMAN RAJ Indian Bank’s Field General Manager’s Office (FGMO) on Friday organised a Mega Retail, Agri & MSME Credit CampaignContinue Reading