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SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 22nd April 2021

- International Finance Corporation, proposed a $150 million senior loans for up to five years to Bajaj Finance 

- This will enable the company to expand its lending to MSME and women-owned MSMEs.

- Finance Minister Nirmala Sitharaman urges industry to assess the Covid-19 situation carefully

- E-commerce, OTT, and gaming witness over 100% growth in 2020

- Despite the pandemic export of Agri and allied commodities during Apr 2020 – Feb 2021 shows an increase of 18.49%

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 21st April 2021

- Vedanta launches ‘Saathi’ program offering a range of services for MSMEs

- RBI sets up a committee to review asset reconstruction companies.

- Union Commerce and Industry Minister Piyush Goyal has formally launched the Startup India Seed Fund Scheme (SISFS)

- Union Minister for Chemicals and Fertilizers addresses the Workshop on PLI Scheme for Bulk Drug and Medical Devices

-Microsoft announces availability of business management solution for SMEs

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 20th April 2021

- RBI has decided to set up a new Regulations Review Authority (RRA 2.0) to review its regulations.

- Special Mention Accounts-1 will now be eligible for credit under the ECLGS 2.0 scheme.

- GST officers to be soon armed with real-time data on vehicles moving without e-way bills

- Vedanta Resources has launched its flagship initiative: Fuel the MSME growth story for a self-reliant India.

- Maharashtra CM appealed to the industrial sector to plan a COVID-appropriate work-style to ensure that the economy is not impacted in case of a "third wave of coronavirus"

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 19th April 2021

- Amazon announces $250 million funds to digitize small businesses in India.

- D-Street loses Rs 3.5 lakh crore

- Sivasubramanian Ramann takes charge as Chairman, Managing Director, SIDBI

- NBFCs seek an extension of the MSME restructuring scheme till March 2022

-: Nirmala Sitharaman said No plan of national lockdown; seeking feedback from MSMEs

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 13th April 2021

- A fresh headache for beleaguered automakers is the lack of rubber.

- In the wake of Covid restrictions, India's Insolvency and Bankruptcy Board establishes online platforms.

- To combat COVID-19, Maharashtra has shut down most manufacturing and restricted e-commerce.

- The western India hub has lost about 10% of its migrant workers from SMEs.

- Nitin Gadkari emphasizes the need for government schemes to be digitalized in order to help MSMEs expand.

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 11th April 2021

- Telangana government mulls policy for IT MSMEs

- NeoGrowth set to disburse loans within 24 hours to retailers with instant approval

-An appropriate decision regarding imposing a lockdown in Maharashtra will be taken after April 14.

- Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain infrastructure which will support MSMEs and sellers

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 9nd April 2021

- U GRO Capital partners with SBM Bank India to launch credit card for MSMEs

- MP Chief Minister admits MSMEs in trouble during Covid, assures help

- Skill development ministry conducts regional workshop to accelerate implementation of PMKVY 3.0 in NE Region

- Cumulative sanctions under Mudra scheme cross 14.96 lac

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 7nd April 2021

- The report added that these numbers reflect measures taken by the Indian government and the RBI

- RXIL is the first TReDS network to cross Rs 1,000 crore in monthly throughput.

- Maharashtra's economy is expected to suffer a loss of Rs 40,000 crore as a result of the state's lockdown.

- Mfg. Ind allowed from Mini Lockdown amid Covid 19 in Maharashtra

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 5 News Updates of 7nd April 2021

- More than Rs 25,586 crore sanctioned to over 1,14,322 accounts by the Banks under Stand-Up India Scheme in 5 years

- IRDAI proposes regulations for designing, pricing of general insurance products

- The government has amended the Insolvency & Bankruptcy Code to provide for prepackaged resolution framework for msmes

- Private offices, except in the banking and insurance sectors, will remain shut in Maharashtra

SMEBITES NEWS UPDATE WITH SMEVENTURE

@sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs

Top 4 News Updates of 6nd April 2021

- Factory activity in India has slowed to a seven-month low due to renewed COVID-19 lockdowns.

- Union minister Nitin Gadkari has given his approval in principle to the establishment of three clusters in Uttar Pradesh. - One for fusion khadi work, another for zari zardosi work, and two flatted factories.

- SIDBI celebrates 32nd foundation day as ''Swavalamban Prerna Diwas''

- Khadi and Village Industries Commission (KVIC) has recorded its best ever performance in job creation under the Prime Minister’s Employment Generation Program (PMEGP).

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