Banks releasing working capital loans for SME clients & providing own readymade SaaS-enabled platforms for easier GST compliance; Online lenders trying to tap into post-GST market
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Tag: Canara Bank
Tech upgradation: SC/ST enterprises to get 25% credit-linked subsidy
New Delhi: To help micro and small enterprises belonging to Scheduled Castes & Tribes upgrade technology, the government has approved a scheme to provide 25 per cent capital subsidy up to Rs 25 lakh via banks for purchase of plant and machinery. The scheme – Special Credit Linked Capita…
Demonetisation Effect | Canara Bank sees better recovery of MSME loans
Bengaluru: Canara Bank expects a windfall in MSME (micro, small and medium enterprises) and SME (small and medium enterprises) recoveries post demonetisation. “There is a good chance of recoveries during this period in Non-Performing Assets (NPAs) and we are coming out with various one-time settl…