New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …
Tag: Mudra Yojana
#3YearsOfModiSarkar: How government policy is transforming India’s credit & MSME landscape
No economist would disagree with the statement that credit is a key fuel for economic growth, without which, normal economic activity would be virtually impossible. What is equally indisputable is that the Indian economy in general and Indian small businesses (MSMEs) in particular, have been cred…
Stand-up India: Key to developing entrepreneurs from underprivileged sections of society is mentoring
Indian startups have captured global attention, attracted venture capital and achieved notable success in recent years. Such an effort if replicated at scale for underprivileged sections of society can have a catalytical impact on job generation in the country. While new entrepreneurship requires…
Budget 2017: ‘Big Relief’ to MSME sector, says Kalraj Mishra
New Delhi: Asserting that the Budget provides a ‘big relief’ to the MSME sector, Union Minister Kalraj Mishra today said announcements like the lowering of income tax for smaller firms and doubling the lending target under MUDRA Yojana will benefit small entrepreneurs in the country. …
Things normalising for MSMEs after note ban, says Kalraj Mishra
Trying to dispel fears that the MSME sector had taken a big hit from demonetisation, Union Minister Kalraj Mishra on December 31, said things are falling in place slowly despite “initial difficulties”. Addressing reporters here on the ministry’s achievements in 2016, Mishra admi…
National MSME Policy to be unveiled soon
A much-anticipated national policy was soon to be finalised by a one-man panel consisting of former Cabinet Secretary Prabhat Kumar to usher in ‘ease of doing business,’ a change in the definition of medium, small and micro enterprises (MSME), flexible credit norms as well as labour laws. For, th…
Mudra loan disbursement, solar charkha demonstration in Port Blair encourage SMEs
Port Blair: A Mudra loan distribution and solar charkha demonstration function was held in the Dr. BR Ambedkar auditorium in Port Blair. The Minister of State for Micro Small and Medium Enterprises, GoI, Giriraj Singh, currently on visit to the Islands distributed financial assistance under Mudra…
DIPP to set credit fund norms for startups
Startups are one step closer to being able to borrow money, with the Department of Industrial Policy & Promotion (DIPP) given charge of framing guidelines for a credit guarantee fund for them. “Earlier, the matter was being dealt with by the department of finance. We have started the wo…
There’s room for small entrepreneurs to get interest-free credit | MUDRA Chief
If micro-enterprise owners such as vegetable/fruit vendors and small food stall owners play their cards right, it may be possible for them to get interest-free credit from banks under the Pradhan Mantri Mudra Yojana. Once more ATMs with cash-deposit facility and standalone cash-deposit machines a…
Despite high target, Mudra refinance to remain low
Even as the government has set a lofty target of Rs 180,000 crore of loan sanctions under its Mudra Yojana, the actual refinance by Mudra, Non-Banking Finance (NBFC) arm of Small Industries Development Bank of India (SIDBI), will be not more than Rs 4,000 crore this year. In the 2015-16 budget,…