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 […]

Bullying of SMEs by large players must stop

Large customers call the shots when it comes to making payments to small units; the govt can help end this practice Every conference, seminar and article on MSMEs (micro, small and medium enterprises) reminds us that they are the backbone of our economy, the pillar of our exports and the largest employers. Yet, a vast […]

SME loans under ₹10L

The silver lining in the credit story is the 32% growth in loans to small businesses in the sub-Rs 10-lakh segment in 2017. The sector is getting more credit after a new law post-demonetisation barred cash transactions and introduction of GST forced businesses to formally report all sales.the Small Industries Development Bank of India (SIDBI) […]