Msme News SBI to Shift to Cash-Flow Based Lending for MSME Loans Up to ₹5 Crore: Chairman Setty September 16, 2024 MSME Sampark 0 State Bank of India (SBI) is set to shift from collateral-based lending to cash-flow based lending for all Micro, Small, and Medium Enterprises (MSME) loans up to ₹5 crore, according to newly appointed chairman C.S. […]
Msme News Finance Ministry Directs PSBs to Pilot New Credit Assessment Model for MSMEs September 16, 2024 MSME Sampark 0 In line with its Union Budget 2024 announcement, the Finance Ministry has instructed Public Sector Banks (PSBs) to initiate pilot programmes for a new credit assessment model designed for Micro, Small, and Medium Enterprises (MSMEs). […]
Msme News India’s Dependence on Chinese Imports for MSME Goods Declining September 14, 2024 MSME Sampark 0 India’s reliance on imports of Micro, Small, and Medium Enterprises (MSME) goods, such as leather articles, toys, and musical instruments from China, has been steadily declining, signaling the country’s ongoing efforts to diversify import sources […]
Msme News Bihar Disburses ₹2,900 Crore to 74,540 Beneficiaries to Promote MSMEs September 14, 2024 MSME Sampark 0 The Bihar government has taken significant steps to boost Micro, Small, and Medium Enterprises (MSMEs), which play a vital role in the state’s economic development. A top official from the Industries Department revealed that approximately […]
Msme News MSME Loan Portfolio Expands by 17.8% to ₹64.1 Trillion in FY24: Report September 14, 2024 MSME Sampark 0 India’s Micro, Small, and Medium Enterprises (MSME) loan portfolio saw substantial growth, increasing by 17.8% to reach ₹64.1 trillion by March 2024, as per the CRIF High Mark’s How India Lends Report. The report highlighted […]
Msme News India Needs to Bring 80% of MSMEs Under Formal Financial System: M Nagaraju September 14, 2024 MSME Sampark 0 M Nagaraju, Secretary of the Department of Financial Services, emphasized the need to bring 80% of Micro, Small, and Medium Enterprises (MSMEs) under the formal financial system, up from the current 40%. Speaking at FIBAC […]
