Banks have sanctioned ₹9,849.74 crore to individuals under the government-backed emergency credit line guarantee scheme (ECLGS), out of which 27% of the credit has been disbursed, as of September 21, official data showed. Majority loan sanctions have been done by private…
Govt likely to allow co-op banks to lend under MSME Emergency Credit Guarantee Scheme
The government is looking to make urban co-operative banks eligible to lend under the Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) for micro, small and medium businesses (MSMES), introduced under the government’s atma nirbhar bharat package. The…
Government to launch PMKVY-III
The government has approved the third phase of skill development scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with an increased focus on digital technology and industry 4.0, Union Minister Mahendra Nath Pandey said on Monday. Addressing a webinar organised by…
Government’s support towards MSME during this Pandemic
Entrepreneur Brothers and sisters you are not alone, the entire nation is standing with you during this tough time of pandemic! To speed up Micro, Small and medium Enterprises, a sum of Rs 3 lakh crore on low interest has…
GoI launches PM SVANidhi Scheme
On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well. The scheme is aimed at enabling the street vendors to resume…
Government Schemes specially for Startups 2/10
6. Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Headed By: Ministry of MSME The aim of the scheme is to organize Traditional Industries and Artisans into clusters and to provide sustainable employment, enhance marketability of products and to equip…
Government Schemes specially for Startups 1/10
The Government of India (GoI) and governments of several states have introduced schemes to finance and support startups. The GoI formulates provisions to alleviate the conditions of startups in its financial budget. Government schemes can be availed by startups if…
SIDBI – Sustainable Finance Scheme (SFS)
SIDBI introduced a new scheme called sustainable finance scheme during 2012-13 for those sustainable development projects which contribute in energy efficiency and cleaner production but are not covered under international or bilateral lines of credit given through international or bilateral…
Stand-Up India Scheme for MSME
Stand-Up India Scheme facilitates loan for Enterprises in trading, manufacturing, or services. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by an SC/ST or woman entrepreneur. The borrower should not…
SIDBI Make in India Soft Loan Fund for Micro, Small and Medium Enterprises (SMILE)
SIDBI Make in India Loan for Enterprises (SMILE) was also launched by Jaitley. The Scheme is intended to take forward Government of India’s ‘Make in India’ campaign and help MSMEs take part in the campaign. The focus will be on…