SIDBI awards performers in Micro, Small and Medium Enterprises

Small Industries Development Bank of India (SIDBI), the apex financial institution engaged in the promotion, financing and development of Micro and Small Enterprises (MSEs), acknowledged the achievements of MSEs and recognized the efforts of lenders who have taken illustrative steps for easing access to finance in this sector. 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

MSME sector expects incentives from government in budget

Hit by the triple whammy of delay in GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government to offer incentives in the upcoming Union Budget so that it can cope with the tough times. Continue Reading

Ministerial panel meets to discuss on GST relief to MSMEs

The six-member Group of Ministers (GoM) on MSME, headed by Minister of State for Finance Shiv Pratap Shukla, would deliberate on the problems faced by micro, small and medium enterprises (MSMEs) under GST and scope for hiking exemption threshold for such units. Continue Reading