With the pandemic situation, the business has to survive. Getting the business, managing the expectations of the customers, getting the payment from the customers, making profit are challenging in the near future.
There may be schemes and stimulus announced by the government, banks may give finance to tide over the situation. But, we own the business and we are responsible for that.
While managing the sales and manufacturing are impacted due the pandemic situation, the costs remain. Let...
MSME Knowledge Forum - started by CMAs
The excitement of the re-start of the economy ignited the spark in a group of four and thus was born MSME KNOWLEDGE FORUM.
They are a Group of four Professionals, of one mind, and have combined their knowledge to share their experience of over 15 decades to passionately serve the society and the MSME sector.
This Group has served multiple industrial verticals, and are exposed to Large, Medium and Small Industries and are digital savvy.
The Group, MSME KNOWLEDGE...
Emergency Credit Line Guarantee Scheme (ECLGS)
The cabinet approved an additional Rs.3,00,000 crores of funding to eligible Micro, Small and Medium Enterprises (MSME) and interested MUDRA borrowers by way of "Emergency Credit Line Guarantee Scheme" (ECLGS).
Under ECLGS, 100% guarantee to be provided by National Credit Guarantee Trustee Co Ltd (NCGTC) in the form of a Guarantee Emergency Credit Line (GECL) facility.
Why this scheme?
Given the pandemic situation, most of the MSMEs are facing difficult situations and many may require further...
What is MUDRA Loan?
Many ask, what is a MUDRA loan?
MUDRA stands for Micro Units Development and Refinance Agency Ltd.
It is a Non-Bank Financial Companies (NBFC). It is not a direct lending institution.
MUDRA does a refinance support to Micro Finance Institutions (MFI), NBFC and Banks for lending to Micro units having loan requirement upto Rs.10 Lakhs, under the aegis of Pradhan Mantri Mudra Yojana (PMMY).
Who are all eligible?
Any individual including women, proprietary concern, partnership firm, private...
UNLOCK - 1 : Release in phases of lockdown in India
Today the Ministry of Home Affairs announced vide their order No.40-3/2020-DM-I(A) dated 30-May-2020, relaxed further the lockdown to cover only few areas. This unlocking will and guidelines will remain in force upto 30-Jun-2020.
What this UNLOCK-1 (phased re-opening) mean?
Phase 1
Following will be allowed to operate with effect from 8-Jun-2020 for which the Ministry of Health and Family Welfare (MoHFW) will issue a Standard Operating Procedure (SOP) soon
Hotels, restaurants and other...
RBI measures announced today
RBI Governor held a press conference briefing today (22 May 2020) announcing certain monetary easing measures including extending the moratorium period by another 3 months till 31-Aug-2020.
An unscheduled meeting of the Monetary Policy Committee (MPC) voted 5:1 to cut the repo rate by 40 bps (basis points) to 4.00%. It is an an...
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