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Yes Bank inks pact with SIDBI to act as a financial facilitator to provide loans to MSMEs

Yes Bank inks pact with SIDBI to…

New Delhi, May 31 (KNN) With a view to expand its working capital base, Small Industries and Development Bank of India (SIDBI) has partnered with Yes Bank…

WB Govt to rope in FRDC to develop firework manufacturing industry in state

WB Govt to rope in FRDC to…

New Delhi, May 30 (KNN) To develop manufacturing of fireworks as a major industry in Bengal, the state government will rope in the Fireworks Research and…

UAE bans import of fresh fruits and vegetables from Kerala

UAE bans import of fresh fruits and…

New Delhi, May 30 (KNN) United Arab Emirates (UAE) has put a ban on import of fresh fruits and vegetables from Kerala following outbreak of Nipah virus…

Myforexeye raises USD 500,000 in bridge round funding; aims to simplify forex trading for MSMEs

Myforexeye raises USD 500,000 in bridge round…

New Delhi, May 30 (KNN) Forex service provider Myforexeye which provides treasury, hedging and risk management solutions has recently raised USD 500,000…

Bajaj Finserv offering collateral free loans to SMEs

Bajaj Finserv offering collateral free loans to…

New Delhi, May 30 (KNN) Aiming to tap the SME segment and help them expand business activities, Bajaj Finserv via its lending arm, Bajaj Finance Ltd is…

Punjab industry representatives meet newly appointed power chief engineer to raise power related concerns

Punjab industry representatives meet newly appointed power…

New Delhi, May 30 (KNN) Raising concerns over high power tariff rate in Punjab, Federation of Industrial & Commercial organization (FICO) met newly…

Growth Market Investor Actis Backs KV Srinivasan to Build SME Lender Profectus Capital in India

Growth Market Investor Actis Backs KV Srinivasan…

New Delhi, May 30 (KNN) In a bid to cater the financial needs of SME sector, global growth markets investors Actis is building a Non-banking Financial Company…

More than 20 NBFCs closed down in May alone

More than 20 NBFCs closed down in…

New Delhi, May 30 (KNN) As many as four Non-Banking Financial Companies (NBFCs) have surrendered their certificates of registration to the Reserve Bank…

WB government taking measures to make rural regions self sufficient

WB government taking measures to make rural…

New Delhi, May 30 (KNN) With a view to make rural regions self-sufficient, West Bengal Swarojgar Corporation Limited (WBSCL) has decided to develop 76 villages…

Liquidity is a major concern for MSMEs; GST refunds of Rs 20,000 crore pending: FIEO

Liquidity is a major concern for MSMEs;…

New Delhi, May 30 (KNN) Refund of over Rs 20,000 crore is pending on account of GST due to which MSME exporters are facing liquidity crisis, said Ganesh…

MSME Park at Telangana’s Dandu Malkapur set to be inaugurated

MSME Park at Telangana’s Dandu Malkapur set…

Hyderabad, May 30 (KNN) The MSME Park at Telangana’s Dandu Malkapur in Choutuppal mandal in Yadadri-Bhongir district is all set to be inaugurated.

Growth in technical textiles not to the mark as expected, industries unaware of government schemes and benefits: Textile Commissioner

Growth in technical textiles not to the…

New Delhi, May 30 (KNN) Talking about the Indian technical textile industry, Dr Kavita Gupta, Textile Commissioner, Ministry of Textile, Government of India,…

A day ahead of pay day most Public Sector Bank employees on strike today

A day ahead of pay day most…

New Delhi, May 30 (KNN) Nearly one million bank employees of public sector banks are on strike today across the country impacting the banking transactions.

RBI’s move such as banning LoUs, Letters of Comfort has increased cost of funds for exporters: FIEO Chief

RBI’s move such as banning LoUs, Letters…

New Delhi, May 29 (KNN) Exporters’ apex body in India FIEO is optimistic that the country’s exports could reach approximately USD 350 billion…

Banks to go on 2 day nation-wide strike from tomorrow

Banks to go on 2 day nation-wide…

New Delhi, May 29 (KNN) The Bank Union has called for a nation-wide bank strike for two days commencing from May 30, 2018.

Following the decision…

Implementation date of track & trace system for export of drug formulation extended for SSIs, non-SSIs

Implementation date of track & trace system…

New Delhi, May 29 (KNN) The Commerce Ministry had earlier this month extended the implementation date of the Track and Trace or bar-coding system for export…

Jharkhand CM promises 1 lakh jobs to youth

Jharkhand CM promises 1 lakh jobs to…

New Delhi, May 29 (KNN) The Jharkhand government is committed to provide regular source of income to 1 lakh youth through skill development schemes, Chief…

Jharkhand a role model for others states in implementing govt schemes: KVIC Chairperson

Jharkhand a role model for others states…

New Delhi, May 29 (KNN) Khadi and Village Industries Commission (KVIC) Chairperson Vinai Kumar Saxena praised Jharkhand State Khadi and Village Industries…

KVIC achieves landmark growth through PMEGP in last 4 years

KVIC achieves landmark growth through PMEGP in…

New Delhi, May 29 (KNN) In the last four years, the Khadi and Village Industries Commission (KVIC) has provided job opportunities to 14,75,888 persons at…

FICO demands reintroduction of International Cooperation Scheme and CLCS Scheme to facilitate MSMEs

FICO demands reintroduction of International Cooperation Scheme…

New Delhi, May 29 (KNN) In a recent meeting with PGS Rao, Director, Ministry of the MSME, Government of India, Federation of Industrial and Commercial organization…