Players in the MSME sector, the backbone of domestic industry and largest employer, said risk averseness makes banks reluctant to provide loans to small units, leading to a deceleration in bank credit growth
Indipaisa is India’s fastest growing brand in 2021-22, now performing in 5 states and planning to spread across PAN India by giving commercial micro banking solutions to empower MSMEs.
FloBiz is India's first neo-business platform for small and medium businesses across India. FloBiz aims to accelerate the growth of SMBs business enterprises through their technology support.
The state government has given special attention to simplification of procedures to promote industries in the micro, small and medium enterprises (MSME) sector, which will help attracting investments, he said.
India and Mauritius have taken forward the discussions pertaining to the MSME sector.
Irdai allows general insurers to launch customised fire policies alongside standard fire and property insurance products for individuals as well as micro and small enterprises
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. The Code has already undergone various amendments
An RBI survey has shown a jump in capacity utilisation by the industry from 68 per cent to 74 per cent, Nageswaran said, adding, the top four firms in several sectors are already operating over 80 per cent capacity.
