Corporation Bank is looking to disburse Rs. 4,500 crore of loans to MSMEs (micro, small and medium enterprises) during the next few months, CK Gopal, General Manager, said. He said, “The bank has launched a special four-month campaign in this regard. This campaign, which began on October 1,…
Tag: LOAN
SBI aims at a minimum 12% SME loan growth
State Bank of India BSE – 0.55 %, the country’s largest lender, looks to grow loans to small and medium enterprises by at least 10-12% this year with gradual improvement of their order book position and cash flows while the corporate sector continues to be under stress. Last fi…
Insurance studies should be mirrored for SMEs | Prabodh Thakkar, Chairman, Aon Global Insurance Brokers
A fourth generation insurance entrepreneur and commanding vast knowledge on various aspects of insurance, Prabodh Thakkar is the Chairman of Aon Global Insurance Brokers Pvt Ltd. He served as President of Indian Merchants’ Chamber and is also the member of the managing commitee of Indo Amer…
Digital thrust to MSME sector to speed up its growth | MSME Secretary KK Jalan
The NDA Government at the Centre has given a major thrust to the Ministry of Micro, Small and Medium Enterprises (MSME). This is one of the core areas for “Make in India” programme launched by the Prime Minister Narendra Modi. KK Jalan, Secretary of the Ministry has been piloting vari…
MSME Ministry to ease access to funds | Anup K Pujari
MSME Ministry is trying to develop a system to ease the access to funds. Under the proposed system, MSMEs which apply for loan will have to fill up a one page questionnaire about their requirement and a two page description regarding what they want to do, said outgoing MSME Secretary Anup K Pujar…
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …
Flood hit SMEs in Tamil Nadu need Rs 2 lakh/unit for revival
Over 20,000 micro, small and medium enterprises in Tamil Nadu hit by floods in the month of December 2015 will need government financial assistance to get back on their feet. According to the Industrial Estate Manufacturers Association, Guindy, the sector needs financial assistance of at least Rs…