New Delhi, Feb 15 (IANS) Placing Micro, Small and Medium Enterprises at the heart of India’s growth strategy, the Union Budget 2026–27 has unveiled a comprehensive plan to help MSMEs scale up, compete globally and integrate deeper into domestic and international markets through financial, policy and professional support, according to the official statement on Sunday.The Union Budget 2026–27 has underlined the government’s commitment to strengthening Micro, Small and Medium Enterprises as…
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New Delhi, Jan 29 (IANS) There has been a significant improvement in the asset quality of scheduled commercial banks with a sharp decline in the percentage of bad loans and higher recoveries, according to the Economic Survey 2025-26, tabled in the Parliament by Finance Minister Nirmala Sitharaman on Thursday.It points out that the gross non-performing asset (GNPA) ratio and net NPA ratio have reached multi-decadal lows while the capital-to-risk-weighted-asset ratio (CRAR) of banks remained stron…
New Delhi, Jan 27 (IANS) With women entrepreneurs in focus, Delhi Chief Minister Rekha Gupta on Tuesday led the signing of an MoU with a Central lending agency to provide city investors loans of up to Rs 10 crore without furnishing any collateral guarantee, an official said.Seen as a step towards strengthening small and micro enterprises in the national capital, the Memorandum of Understanding (MoU) was signed between the Government of Delhi and the Central government’s Credit Guarantee Fund T…
New Delhi, Jan 27 (IANS) Delhi Chief Minister Rekha Gupta on Tuesday announced a tie-up with the Central government’s lending agency for guarantee-free loans for small entrepreneurs in the Capital to boost economic activity and employment. “Our government has ensured loan arrangements for Micro and Small Enterprises in Delhi without requiring guarantees or collateral,” she said.“Small entrepreneurs often face difficulties in obtaining loans without guarantees, but today the Delhi governm…
New Delhi, Jan 19 (IANS) More than 3.96 lakh MSME loan applications amounting to more than Rs 52,300 crore have been sanctioned by the Public Sector Banks (PSBs) under the digital credit underwriting programmes (between April 1 and December 31, 2025), the government said on Monday.The PSBs launched Credit Assessment Model (CAM) based on digital footprints for Micro, Small and Medium Enterprises (MSMEs) last year.According to Ministry of Finance, this credit assessment model leverages the digital…
New Delhi, Jan 2 (IANS) As part of the initial rollout of the Export Promotion Mission, two key interventions under the Niryat Protsahan sub-scheme have been launched to strengthen MSME exports by providing affordable and easier access to trade finance, the Commerce Ministry said on Friday.The first intervention relates to interest subvention for pre- and post-shipment export credit, aimed at reducing the cost of export credit and easing working-capital constraints faced by MSME exporters, a Com…