Starting a business may be easy. But running it successfully requires meticulous planning and the courage to confront all the challenges.
The MSME sector provides the largest number of jobs in the country after agriculture. It gives employment to an estimated 11 crore people
Under the ECLGS scheme of the government, HDFC Bank has disbursed advances to over 5,950 MSME units in the state
MSME ministry data says India saw a 46% decline in business volume during the 2020 lockdown and an 11% decline in the 2021 lockdown
There have significant delays in payments of interest, say bankers
There was a nearly 30 percent jump in the number of businessmen ending their lives in Covid-hit 2020 compared to the previous year
The order also said that Govind Mohan, Additional Secretary in the Department of Home, will be Secretary, Ministry of Culture
The headcount addition will take the bank's Micro, Small and Medium Enterprises (MSME) vertical strength to 2,500
The report recommends the government to come out with a larger economic package aimed at bolstering demand, investment, exports and employment.
MSME minister Narayan Rane also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme