TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency

    Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency

    BJP MP shares India-Pak pact of 1991

    Past Cong govt okayed exchange of information on troops movement: BJP MP shares India-Pak pact of 1991: Nishikant Dubey

    Lieutenant General Ahmed Sharif Chaudhry – the face of Pakistan's military propaganda – has now taken a leaf straight out of the Lashkar-e-Taiba (LeT) handbook.

    Pakistan Army’s Echo Chamber: Hafiz Saeed’s Words Now Come in Uniform

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Jammu: Two terrorists killed, soldier injured in ongoing encounter in Jammu & Kashmir

    Jammu: Two terrorists killed, soldier injured in ongoing encounter in Jammu & Kashmir

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan global epicentre of terrorism, hiding its own gross failings: MEA on Balochistan attack accusation

    Pakistan global epicentre of terrorism, hiding its own gross failings: MEA on Balochistan attack accusation

    UNSC

    While UNSC Talks Oceans, Pakistan Wades into Rivers: Absurd Diplomacy at Play

    European Union

    European Union : The Colonial Karma Strikes Back

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    ১win: একটি অনলাইন প্ল্যাটফর্ম যেখান থেকে শুরু হয় বেটিং-এর নতুন অধ্যায়

    ১win: একটি অনলাইন প্ল্যাটফর্ম যেখান থেকে শুরু হয় বেটিং-এর নতুন অধ্যায়

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency

    Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency

    BJP MP shares India-Pak pact of 1991

    Past Cong govt okayed exchange of information on troops movement: BJP MP shares India-Pak pact of 1991: Nishikant Dubey

    Lieutenant General Ahmed Sharif Chaudhry – the face of Pakistan's military propaganda – has now taken a leaf straight out of the Lashkar-e-Taiba (LeT) handbook.

    Pakistan Army’s Echo Chamber: Hafiz Saeed’s Words Now Come in Uniform

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Jammu: Two terrorists killed, soldier injured in ongoing encounter in Jammu & Kashmir

    Jammu: Two terrorists killed, soldier injured in ongoing encounter in Jammu & Kashmir

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan global epicentre of terrorism, hiding its own gross failings: MEA on Balochistan attack accusation

    Pakistan global epicentre of terrorism, hiding its own gross failings: MEA on Balochistan attack accusation

    UNSC

    While UNSC Talks Oceans, Pakistan Wades into Rivers: Absurd Diplomacy at Play

    European Union

    European Union : The Colonial Karma Strikes Back

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    ১win: একটি অনলাইন প্ল্যাটফর্ম যেখান থেকে শুরু হয় বেটিং-এর নতুন অধ্যায়

    ১win: একটি অনলাইন প্ল্যাটফর্ম যেখান থেকে শুরু হয় বেটিং-এর নতুন অধ্যায়

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

PM Modi’s Gift to MSMEs

Amit Agrahari by Amit Agrahari
3 November 2018
in Trending
tax, msmes, loans

PC: PTI

Share on FacebookShare on X

Modi government announced Diwali bonanza to Micro, Small and Medium Enterprises (MSME) sector on Friday. The government announced many steps to support MSME sector including faster approval of licenses, easier and cheaper credit. The MSMEs registered under GST will get 2 percent interest subsidy on new loans. The government also launched a website named psbloansin59minutes.com to provide easier and time bound access to loans for MSMEs. “Yeh naya Bharat hai, isme bankon ke baar baar chakkar lagana khatam (This is New India, here you don’t need to go to banks again and again for loans),” said Modi while addressing MSME players from across the country. 

RelatedPosts

Pakistan brought to its knees for Pahalgam attack: PM Modi roars in Rajasthan

Is judicial overreach on OCI cards ‘issue’ emboldening anti-India forces?   

BJP State Units Hail PM Modi, Forces for Triumph in ‘Operation Sindoor’, Reassert Nationalist Narrative

Load More

The MSME sector was struggling for loans since the crackdown on public sector banks started during Raghuram Rajan era. In the light of rising NPAs, RBI implemented strict norms for loans and credit to MSMEs almost halted. Big companies have multiple source of capital like foreign direct investment, foreign portfolio investors (FPIs), foreign institutional investors (FIIs), debentures and equities. But MSME sector companies are largely dependent on loans from banks for capital requirements. The hawkish policy for NPAs cleanup made loans scarce and this led to slowdown in economy, especially in MSME sector. Rajiv Kumar said rising NPAs during the tenure of Raghuram Rajan stalled credit disbursal to the industry and in the case of the micro, small and medium enterprises (MSME) industry, credit actually shrank.

The MSME credit was expected to pick up once the NPA mess started getting cleaned through Insolvency and Bankruptcy code. However, when credit to MSMEs saw an upward trend, the IL&FS crisis hit. The Non Banking Financial Companies (NBFCs) like IL&FS are major source of credit for MSMEs. The credit squeeze to MSME sector was one of the major bone of contention in RBI-Finance ministry tussle. After the IL&FS default, it was found that many other NBFCs are on verge of default and the government feared that more defaults could create panic in the market. Finance ministry wanted RBI to ease out credit disbursal to MSMEs from public sector banks, but RBI was not ready for this. However now RBI has understood the gravity of the situation and released a note on Friday, in which it permitted the banks to offer credit support to NBFCs and Housing Finance Companies (HFCs). “It has now been decided to allow banks to provide partial credit enhancement (PCE) to bonds issued by the systemically important non-deposit taking; non-banking financial companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs) registered with National Housing Bank,” said RBI in its notification.

Now as RBI and government have agreed to improve the situation of MSMEs, the sector can hope for good times ahead. The government has announced some more steps to improve the situation for MSMEs, like easing out rules, regulations and procedures. The MSMEs will need to file a single common form for eight labor laws and will need a single approval for environmental clearances. The pharma sector which has become one of the major industries in the country in recent years got special attention from government. Special clusters will be created for MSMEs in pharma and government will bear 70 percent of total cost. 20 technology hubs will also be opened with support of 6,000 crores from government. The government has also mandated that PSUs will purchase 25 percent of their total requirements from MSME players instead of the previous 20 percent. The inspectors were also made accountable to stop them from harassing MSME players, they can now visit the factories only through random technology based allotment and after that, they would have to publish a report of visit within 48 hours.

The government has also proposed a plan to define MSMEs on basis of revenue, rather than on basis of investment in plant and machinery. As per the new definition a business with revenue under 5 crore will be called micro, 5 crore to 75 crore category will be small and 75 crore to 250 crore will be medium sized enterprise. However the amendment bill is still pending in parliament due to hurdles from opposition. The initiatives taken by the government to cut the red tape and provide easy access to credit will definitely help the MSME sector, which happens to be the second largest job creator after agriculture.

Tags: Ease of Doing Business.loansMSMEPM Modi
Share311TweetSend
Previous Post

BJP fields Shahzadi Syed, ABVP Muslim leader against Akbaruddin Owaisi

Next Post

The fall of Shahrukh Khan

Related Posts

Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency
Trending

Lahore ATC Denies IndiGo Flight Entry into Pakistani Airspace Amid Hailstorm Emergency

23 May 2025

An IndiGo flight en route to Srinagar encountered severe turbulence and hail while flying over northern India, but was...

Central Bureau of Investigation (CBI) has filed a chargesheet against former Jammu and Kashmir Governor Satyapal Malik
Politics

CBI Files Chargesheet Against Former J&K Governor Satyapal Malik in Kiru Hydropower Case

22 May 2025

The Central Bureau of Investigation (CBI) has filed a chargesheet against former Jammu and Kashmir Governor Satyapal Malik and...

China Slams U.S. 'Golden Dome' Missile Defense Plan, Warns of Global Arms Race
Politics

China Slams U.S. ‘Golden Dome’ Missile Defense Plan, Warns of Global Arms Race

22 May 2025

China has issued a stern rebuke of the Trump administration’s proposed “Golden Dome” missile defense system, calling it a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited