RBI gives big relief to MSME sector

Providing major relief to the MSME sector, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues.”In continuation of support and relief to MSMEs, NPA recognition for GST and non GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019 […]

PMEGP

PMEGP a flagship programme under Ministry of MSME

The Prime Minister’s Employment Generation Programme (PMEGP) has been one of the flagship programmes of the Narendra Modi government which completed four years in office. Under this credit linked subsidy to establish new enterprises for generating continuous and sustainable employment opportunities in Rural and Urban areas of the country is offered. The Ministry of MSME […]

PayMate Acquires Digital Lending Platform Z2P Technologies to Benefit SMEs

PayMate, an early pioneer in India’s payments industry and a leading player in electronic Business-to-Business (B2B) payments space, announced  the acquisition of Z2P (Zaitech Technology Pvt. Ltd.), a digital lending platform which provides hassle-free and real-time credit using social and banking data along with proprietary analytics and AI.The acquisition is expected to be completed by […]

Budget 2018 2019 focus on MSMe

The government has in Budget 2018-19 rightly focused on micro, small and medium enterprises (MSMEs) as the preferred route for rapid job creation and self-employment. The MSME sector employs over 111 million people and contributes nearly 31 per cent of India’s GDP.   Sharpening the focus on the promotion of self-employment, the government has increased funding for the Prime Minister’s Employment Generation […]

Credit ratings for MSME

A scheme for Micro and Small Enterprises has been formulated in consultation with Indian Banks’ Association (IBA) and Rating Agencies. NSIC has been appointed the nodal agency for implementation of this scheme through empanelled agencies. Benefits of Performance and Credit Rating • An independent, trusted third party opinion on capabilities and credit-worthiness of Micro and […]

SME finance

Small and medium enterprises (SMEs) are critical for the economic and social development of emerging markets. They play a major role in creating jobs and generating income for low income people; they foster economic growth, social stability, and contribute to the development of a dynamic private sector. As such, access to financial services is vital […]