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Vibrant Tirupur 2020

RSS MSME Updates

  • Union Bank of India sanctions 14000+ accounts under ECLGS; scheme aims to solve liquidity problems of MSMEs June 3, 2020
    Union Bank of India sanctions 14000+ accounts under ECLGS; scheme aims to solve liquidity problems of MSMEs Mumbai, June 3 (KNN) The Union Bank of India has launched Union Guaranteed Emergency Credit Line (UGECL) to enable Mudra beneficiaries, MSMEs and business units to solve the liquidity crisis. The government has launched the Emergency Credit Line […]
  • MSME new definition, criterion will come into effect from July 1st: MSME Ministry June 3, 2020
    MSME new definition, criterion will come into effect from July 1st: MSME Ministry New Delhi, Jun 3 (KNN) The new definition and criterion of Micro Small and Medium Enterprises (MSMEs) will come into effect from July 1st, 2020, said MSME Ministry in an official statement, on Wednesday. ''MSME Ministry has also issued Gazette notification to […]
  • Rahul Gandhi slams centre, says it’s ‘criminal’ not to support MSMEs June 3, 2020
    Rahul Gandhi slams centre, says it’s ‘criminal’ not to support MSMEs New Delhi, Jun 3 (KNN) Reacting over the All India Manufacturers Organisation (AIMO) survey’s report which revealed that one third of the Micro Small and Medium Enterprises (MSMEs) in India are closing down permanently, the Congress leader Rahul Gandhi said it would be criminal […]
  • SBI disburses Rs 3,000 cr to MSMEs June 3, 2020
    SBI disburses Rs 3,000 cr to MSMEs New Delhi, Jun 3 (KNN) The State Bank of India (SBI) has disbursed loans to 22,000 Micro, Small and Medium Enterprises (MSMEs) worth Rs 3,000 crore under government's credit guarantee scheme, said Rajnish Kumar, chairman of SBI. "A scheme like the guarantee scheme for SMEs, it has capital […]
  • Rajnath Singh to head committee for implementation of MSME loan scheme June 2, 2020
    Rajnath Singh to head committee for implementation of MSME loan scheme New Delhi, June 2 (KNN) Defence Minister Rajnath Singh will be heading a committee appointed by Prime Minister Narendra Modi to resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs. This was said by MSME Minister […]
  • PM Modi launches Champions portal to help MSMEs June 1, 2020
    PM Modi launches Champions portal to help MSMEs New Delhi, June 1 (KNN) Prime Minister Narendra Modi today launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The portal is for making the smaller units big by solving their grievances, encouraging, supporting, […]
  • Cabinet approves upward revision of MSME definition; FISME hails the move June 1, 2020
    New Delhi, June 1 (KNN) The Cabinet today approved upward revision of MSME definition. Accordingly a business will now be classified as ‘micro’ units if they have investments upto Rs 1 crore and turnover of less than Rs 5 crore. For an MSME to be defined as a ‘small’ unit, its investment limit has been […]
  • Finance Ministry notifies restriction on global tenders of upto Rs 200 crore June 1, 2020
    Finance Ministry notifies restriction on global tenders of upto Rs 200 crore New Delhi, June 1 (KNN) The Ministry of Finance has reiterated through a notification that there will be restriction on global tenders for amounts up to Rs 200 crore covered all goods and services, including consultancy services and turnkey projects. Further, ministries or […]
  • PM Modi appoints committee for MSME loan implementation: Nitin Gadkari June 1, 2020
    PM Modi appoints committee for MSME loan implementation: Nitin Gadkari New Delhi, Jun 1 (KNN) Prime Minister Narendra Modi has appointed a committee headed by Rajnath Singh to resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs, said MSME Minister Nitin Gadkari. He said this during an […]
  • Urban co-operative banks write to FM seeking benefit of credit guarantee scheme for their MSME borrowers May 30, 2020
    Urban co-operative banks write to FM seeking benefit of credit guarantee scheme for their MSME borrowers New Delhi, May 30 (KNN) Urban co-operative banks (UCBs) have written to the Finance Minister Nirmala Sitharaman demanding a 100 per cent guarantee over the loans extend to businesses, including Micro, Small and Medium Enterprises (MSMEs). The government provides for guarantees […]