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 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