"msmes"

Major focus will be on SMEs in edtech, water & sanitation, cleantech, healthcare, food & agritech sectors 

New Delhi: The Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic. The broad themes covered under the partnership include expanding credit access, increasing formalisation, building competitive clusters, […]

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In Telangana, M1xchange has about 300 MSMEs from auto, pharma and heavy engineering sectors.

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Borrowers that are individuals and micro, small and medium enterprises (MSMEs) having an aggregate exposure of up to Rs 25 crore would be considered for the new scheme.

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The partnership is to help MSMEs to make better credit decisions before offering credit against goods and services.

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By issuing secured debentures to family offices and high net worth individuals on a private placement basis.

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With bad loans set to move to the proposed ARC, banks can turn their focus back on lending to MSMEs

Gadkari said various components of the Union Ministry of Textiles are also working to promote the country's handicrafts and handloom products.