The Union Budget 2025 is set to be unveiled on February 1, and experts from various sectors are hoping for reforms that address growth, innovation, and accessibility. While each sector has unique demands, the overarching expectation is for a progressive and balanced budget that aligns with India’s long-term development goals. Here’s what industry leaders are […]
Budget 2025: Enhanced liquidity mechanisms to co-lending reforms – here’s what MSMEs want – CNBC TV18
As the Union Budget 2025 approaches, the spotlight is firmly on empowering India’s Micro, Small, and Medium Enterprises (MSMEs). Non-banking financial companies (NBFCs) and fintech leaders are advocating for increased liquidity, innovative financing mechanisms, and policy reforms to address the sector’s critical funding challenges. With MSMEs driving employment and economic growth, the government faces significant […]
Over 70% of MSMEs seek loans for short-term needs, less than 30% for growth: Paisabazaar – CNBC TV18
Over 70% of MSMEs (Micro, Small, and Medium Enterprises) are seeking loans to meet immediate financial needs, according to an analysis by Paisabazaar, a marketplace for consumer credit. Company Value Change %Change These needs include working capital expenses, purchasing raw materials, and consolidating debts. “In contrast, fewer than 30% of businesses are seeking credit for […]
Quality control orders protect MSMEs from unfair competition: Piyush Goyal – CNBC TV18
The quality control orders (QCOs) issued by the government for different products will protect MSMEs from unfair competition and help cut the import of sub-standard goods, Commerce and Industry Minister Piyush Goyal said on Saturday. He said that through these orders, the government is supporting the MSMEs (micro, small and medium enterprises). “We are giving […]
Bank credit growth slows, deposit expansion lags: RBI data signals rising challenges – CNBC TV18
The Reserve Bank of India’s (RBI) latest data reveals that banks’ credit growth stood at 13.7% year-on-year as of July 26, 2024, with deposits growing at a slower pace of 10.6%. When accounting for the impact of the HDFC merger, these figures rise to 15.1% and 11%, respectively. Credit offtake reached ₹168.1 lakh crore, reflecting […]
Budget 2024: Finance minister’s focus on rural and SME sectors are key to inclusive growth, says SBI Chairman – CNBC TV18
Dinesh Khara, Chairman of the State Bank of India (SBI), in an interview with CNBC-TV18, highlighted that the budget’s major focus is on enhancing productivity, particularly within the rural and SME sectors. Finance Minister Nirmala Sitharaman, on Tuesday, presented the Union Budget 2024, which sparked widespread discussion among economists, business leaders, and policymakers. According to […]