Tag: Kalraj Mishra

Banks panacea for NPAs could be an axe to cull MSMEs

“The bank is a friend, philosopher and guide of small enterprises” was the guiding motto for all banks during the past five decades. This seems to have been made into the derisive saying “A banker is one who lends an umbrella when the sun shines and takes it back when it starts raining”, by the […

Sick MSMEs owe Rs 40,642 cr to banks: Kalraj Mishra

The number of sick MSMEs has risen to 4,86,291 in 2016 and owe Rs. 40,642.50 crore to banks as outstandings. This is much higher than the total number of 4,73,823 sick MSMEs till March 2015 and 4,68,399 in March 2014, and almost double that of 2,22,204 in March 2013, according to the Reserve Bank…

Jobs will be safe in MSME sector, govt assures workers

Lucknow: Government sought to soothe concerns of layoff in micro, small and medium enterprises (MSMEs) that employ 80 million people against the backdrop of demonetisation, saying the decision might cause initial problems but will not impact job scenario in the sector. “There can be initial…

Bihar registers max MSMEs under UAM, says Kalraj Mishra

Despite being labelled most backward state in the country, Bihar has the maximum number of MSMEs in the country. This fact was revealed by MSME Minister Kalraj Mishra in Lok Sabha on July 25. Replying to a question of Om Prakash Yadav, BJP MP from Siwan, Bihar, Mishra revealed that the number of …

My Trade Box join hands with Lending Kart to provide SMEs with loans

India’s first ‘Assisted Bulk Buying’ hybrid e-commerce start-up My Trade Box will assist SMEs to connect directly to the retailers through their association with fintech startup LendingKart, with a common aim to provide more loan access to more small and medium enterprises. Both…