Category: Business Today, New Delhi

Key Highlights MSMEs demand extension of moratorium on all loans till March 31, 2021 Indian Industries Association (IIA) claims government entities owe Rs 500 crore to its members Industry body IIA wants government officers to be accountable for delays Payment cycle of receivables has also gone up adding to their woes. Peeved over lacklustre response …

KEY HIGHLIGHTS Government pushes MSMEs for producing coronavirus related items such as sanitiser and PPE kits for export MSME Ministry to take up industry demand to extend moratorium on all loans for another 3-6 months Guidelines for Rs 3 lakh crore collateral-free loans to MSMEs announced by FM Nirmala Sitharaman last week would be finalised …

KEY HIGHLIGHTS FM on Wednesday announced Rs 3 lakh crore collateral free, government-guaranteed loans for MSMEs saying it will benefit 45 lakh small businesses  She also announced Rs 50,000 crore equity infusion for MSMEs through Fund of Funds. The move will help MSMEs with growth potential and viability to expand further.  Top MSME industry bodies …