October 31, 2020 07:34 (IST)
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PM Modi inaugurates development projects in Gujarat's Kevadia | Pakistan: Protesters attempt to storm French Embassy in Islamabad, police fire teargas | Eyes on 2021 poll, BJP chief JP Nadda to visit West Bengal again on Nov 6 | EC revokes Kamal Nath's star campaigner status over 'repeated violations' ahead of MP by-polls | LeT behind killing of 3 Kashmir BJP workers, vehicle used by militants seized: IGP

MSME sector strengthens India-Nepal bond amid COVID-19

Kathmandu: Policymakers and authorities feel that micro, small and medium entreprises (MSME) sector has been playing a pivotal role in strengthening trade and commerce relations between India and Nepal, even at this time when the two nations are combating the COVID-19 pandemic.

Flipkart Wholesale launches digital platform for kiranas, local MSMEs

Kolkata/IBNS: Flipkart Wholesale, the digital B2B marketplace of India’s homegrown Flipkart Group, Wednesday launched its operations with an aim to connect local manufacturers with retailers and bring the entire wholesale marketplace at their fingertips using technology.

Airtel Payments Bank launches Suraksha Salary Account for MSME sector

Kolkata/IBNS:  As India begins to open up following the COVID-19 lockdown, Airtel Payments Bank announced the launch of ‘Suraksha Salary Account’ - an innovative salary account, according to the bank, for the Micro, Small and Medium Enterprises (MSME).

Bank of India reduces MCLR, MSME, housing and auto loan interest rates

Mumbai: Bank of India has reduced its Benchmark Marginal Cost of Funds Lending Rate (MCLR) by 25 bps across all tenors. The one year MCLR is now at 7.70% p.a.

FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs

New Delhi/IBNS: In a bid by the Modi government to fight back the economic impact of COVID-19 outbreak, Union Finance Minister Nirmala Sitharaman on Wednesday announced several categories of collateral-free loans for Ministry of Micro, Small and Medium Enterprises (MSME)s as a part of the Atmanirbhar Bharat Yojana (Self-reliant India) announced by PM Narendra Modi on Tuesday during his national address.

COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore

New Delhi/IBNS: Top industry body The Confederation of Indian Industry (CII) on Friday said a stimulus package of Rs 15 lakh crore is needed to tackle the impact of a prolonged lockdown on the country's economy.

Amazon to invest USD 1 billion to digitise MSMEs

New Delhi/UNI: Amazon on Wednesday announced its plans to invest USD 1 billion to digitally enable micro, small, and medium enterprises (MSMEs) and traders across India, including manufacturers, resellers, local offline shops, and brands, said company's founder and CEO Jeff Bezos here.

Buyers from 19 countries attend Reverse Buyer Seller Meet for Textile and Apparel sector in Kolkata

Kolkata/IBNS: Rural artisans of West Bengal produce a wide range of artefacts that are good enough to draw international clientele but often fail to reach their target owing to lack of quality packaging, said Sadhan Pande, the state's Minister of Consumer Affairs Department.

Syndicate Bank extends Loan Restructuring Facility to MSMEs

Bengaluru/UNI: Public lender Syndicate Bank has extended the restructuring of the loan to MSMEs. This will provide MSMEs a flexible repayment option and prevent their accounts from being classified as Non-Performing Assets (NPAs).

Opportunities for India-US trade is very bright, says Chairman and CEO of Indian American International Chamber of Commerce

Kolkata, May 24 (IBNS): In keeping with its aim to facilitate business links, Kolkata-based The Bengal Chamber of Commerce and Industry (Bengal Chamber) recently hosted  K V Kumar, Chairman and CEO of Indian American International Chamber of Commerce (IAICC), Washington, DC.

Financial inclusion of MSMES needed for development of the Country: Giriraj Singh

New Delhi, Feb 12 (IBNS): Ministry of Micro Small and Medium Enterprises (MSME) organized a Regional Conference on MSME Financing under National SC/ST Hub Scheme in New Delhitoday. 

ICICI Bank organises MSME conclave in Jaipur

Jaipur, Oct 24 (IBNS): ICICI Bank Limited organised a conclave for MSMEs (Micro, Small and Medium Enterprises) in jaipur on Tuesday, an official release said.

Kolkata: The Bengal Chamber wants MSMEs to be financially strong and look for new markets

Kolkata, Jun 9 (IBNS): Keeping in mind that Micro, Small & Medium sized Enterprises (MSMEs) play a pivotal role in the economic progress of developing countries like India, the Bengal Chamber of Commerce and Industry (BCC&I) recently organized an 'Awareness Programme for the MSMEs' in Kolkata. 

MSMC allocates 2.93 lakh metric tons of coal to MSMEs of Maharashtra through its e-distribution platform

Kolkata, May 11 (IBNS): To make more coal available for the small, medium and other sectors the Maharashtra Government appointed Maharashtra State Mining Corporation (MSMC) as the state nominated agency (SNA) for coal distribution to MSMEs of the state.

SIDBI launches Samridhi virtual assistant and Bankability Kit on Foundation Day

Lucknow, Apr 2 (IBNS): SIDBI celebrated its foundation day on Monday as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate).