Over 90,000 applications reveal mounting dues as the government steps up measures to ensure timely payments
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As per the data, the rate of completion witnessed a slowdown from FY20 to FY23. During the financial year 2020, 22 projects were completed out of 73 approved projects
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The fund is established to support MSMEs in case of financial strain, resulting from delayed payments
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The economic survey recommends simplifying compliance requirements and providing incentives to help MSMEs grow and create more jobs
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The account aggregator ecosystem has eased MSMEs’ access to credit by facilitating secure and consent-based data sharing of financial information between the providers and users, the report states
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The zone hosts more than 13,000 companies, including SMEs and startups from 100 countries and its booming real estate market is more competitive than those in Dubai and Abu Dhabi
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With growing concerns over loan repayment failures, the centre aims at increasing MSMEs NPA classification period to 180 days
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The purpose of the product is to provide "on tap" short-term credit for working capital needs to Micro SME units that are part of the GST regime
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The bank may function under the hybrid ownership of public-private partnership
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The session focused on gathering vital inputs from representatives of the Micro, Small, and Medium Enterprises (MSME) sector for the forthcoming General Budget 2024-25
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