MSMEs cross USD 2 bn in exports: Amazon

E-commerce giant Amazon on Monday said Indian micro, small and medium enterprises (MSMEs) and brands that are part of its Global Selling Programme (GSP) have crossed $2 billion in cumulative exports. Continue Reading

‘MSME needs ventilators badly’

The alleged delay in the sanctioning of loans under the ‘economic stimulus package’ announced by the Centre and delayed payments to suppliers even by government departments is hitting the micro, small and medium enterprises (MSMEs) hard, say people in the know. Continue Reading

SIDBI announces liquidity to MSMEs

Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs), has launched special liquidity scheme for MSMEs through banks including Small Finance Banks (SFBs), Non-Banking Financial Companies including fintech NBFCs and Microfinance Institutions (MFIs). Continue Reading

SBI to adopt repo rate as external benchmark from 1 October

On 4 September, the Reserve Bank of India (RBI) had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark. Continue Reading

Commerce ministry to seek cabinet nod for transportation of goods Bill

Commerce and Industry Minister Piyush Goyal also said that the national logistics policy 2019 is being finalised and, soon, they will seek the Cabinet’s nod for that as it aims at cutting logistics cost cut by one-third. Continue Reading