Category: MSME
RBI extends restructuring of MSMEs existing loans without downgrade in asset classification In August 2020, to support the MSME entities on account of Covid-19 pandemic RBI had permitted that existing loans to MSMEs classified as ‘standard’ may be restructured without a downgrade in the asset classification. In view …
Value of Plant & Machinery or Equipment for MSMEs new Definition-RBI withdraws its Circular in view of Govt. clarification The Government had recently notified new criteria for classifying MSMEs. The RBI then issued a circular suggesting documents that can be relied upon by banks for arriving at investment …
Existing loans to MSMEs classified as ‘standard’ may be restructured without a downgrade in the asset classification Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances To support the MSME entities on account of the fallout of Covid-19 pandemic RBI has decided that existing loans to …
CBDT signs MOU with Ministry of MSME to enable check & classify enterprises Memorandum of Understanding (MoU) between CBDT and MoMSME signed today A formal Memorandum of Understanding (MOU) was signed today between the Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium …
Charging of interest on delayed payments to MSMEs in GeM No. F. 6/18/2019-PPDGovernment of IndiaMinistry of Finance Department of Expenditure Procurement Policy Division 512, Lok Nayak Bhawan,New Delhi Dated the 3rd July 2020 OFFICE MEMORANDUM Subject: Prompt payment to suppliers including MSMEs: Charging of interest on delayed payments …
Criteria for classifying enterprises as MSMEs. Registration Procedure, Registration of existing enterprises, calculation of investment & turnover etc. Government has notified Criteria for classifying enterprises as MSMEs, forms and procedure for Registration MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 26th June, 2020 …
COVID Emergency Credit Facility covers all companies and not just MSMEs: Finance Minister COVID Emergency Credit Facility covers all companies not just MSMEs Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman today said that the COVID Emergency Credit Facility covers all companies and not just MSMEs. …
Central Govt. and PSU minimum procure limit from MSME increased to 25% in 3 years out of which 3 per cent earmarked for women owned MSME. Read Notification MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES ORDER New Delhi, the 9th November, 2018 S.O. 5670(E).—In exercise of powers conferred …
PSB Loans in 59 minutes FAQ. It enables In-Principle approval for MSME loans up to INR 1 Crore in 59 minutes from Public Sector Banks PSB Loans in 59 minutes is an online marketplace, which will enable In-Principle approval for MSME loans up to INR 1 Crore in …
Companies with turnover more than Rs. 500 crore to comply with Trade Receivables Discounting System platform. This will enable MSME to access credit from banks based on their receivables MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES NOTIFICATION New Delhi, the 2nd November, 2018 S.O. 5621(E).—In exercise of powers …
