Sunday, November 3, 2024

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MSMEs

News Reports

Read all the big announcements made by Finance Minister Nirmala Sitharaman to boost the economy

OpIndia Staff -
Union Finance Minister Nirmala Sitharaman announced widespread reforms in order to address economic concerns.
Economy and Finance

MSME sector created around 1.5 crore jobs each year in last 4 years, CII finds in its latest survey

OpIndia Staff -
One of the largest job surveys done by CII shows healthy job growth rate in MSME sector during the Modi government
Economy and Finance

59-minute loan approval scheme has approved loans of 1.12 lakh MSME applicants in less than 2 months

OpIndia Staff -
Bank of Baroda and Union Bank of India are leading among the banks with loans sanctioned by them amounting to 43% of the total amount sanctioned.
Economy and Finance

GST resulted in 5 times increased lending to small businesses- SBI report

OpIndia Staff -
The SBI report dismissed the concerns over credit supply to MSMEs as "myth", said that the sector witnessed stupendous loan growth post GST.
News Reports

Modi presents MSMEs with Diwali Bonanza, loans upto 1 Crore to be approved in just 59 mins

Jinit Jain -
The policy decisions was announced as part of a legion of measures by the Centre to give a boost to the country's second largest employing sector
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