Discover and read the best of Twitter Threads about #MSMEs

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National Credit Guarantee Trustee Company Limited #NCGTC today extended the Emergency Credit Line Guarantee Scheme #ECLGS beyond March 2022, till March 2023

Read More ➡️ pib.gov.in/PressReleaseIf…
(1/8) ImageImage
✅ Scope of #ECLGS enhanced & validity extended till 31.3.23
#ECLGS benefits expanded to Hospitality, Travel, Tourism & Civil Aviation sectors
✅ Rs 3.19 lakh cr. loans sanctioned under #ECLGS as on 25.03.22; about 95% of guarantees issued for loans sanctioned to #MSMEs (2/8)
#ECLGS extended following the announcement by Union Finance Minister Smt. @nsitharaman in Union Budget 2022-23 regarding the extension of #ECLGS upto March 2023. (3/8)
Read 8 tweets
Union Minister @PiyushGoyal to virtually inaugurate IIJS Signature 2022 India International Jewellery Show organised by @GJEPCIndia India in Mumbai today.

🎥
Union Ministers of state Shri Prashottam Rupala and Smt Darshna Jardosh to grace the occasion.

IIJS Signature 2022 to be organised from 18th to 21st February at Bombay Exhibition Center.

@PiyushGoyal @PRupala @DarshanaJardosh @DoC_GoI

🎥
Gem and Jewellery sector is a prime example of the potential of @makeinindia, the potential of 'Brand India'

: Union Minister @PiyushGoyal via video-conferencing at the inaugural ceremony of @GJEPCIndia's IIJS Signature 2022 event which is being held in Mumbai today
Read 21 tweets
Address by Governor, Reserve Bank of India Shri Shaktikanta Das to start shortly

LIVE Link:

@FinMinIndia @DDNewslive @airnews_mumbai

Follow @PIBMumbai for updates
Address by Governor, Reserve Bank of India Shri Shaktikanta Das is LIVE now

Link:

Follow @PIBMumbai for LIVE updates
The pandemic holds world economy hostage, economic activity especially in contact-intensive sectors being dented worldwide: RBI Governor
Read 42 tweets
With the shortest #UnionBudget, here are the quick pointers for India’s development journey as seen from the lens of the social development sector:

@shyamchivchiv @AshokGoelEP @mrugankmp @Nish4Impact @7Abhishekkumar @subhamize
Basic #HumanDevelopment needs: Food, House, Water, Education, and Health see a substantial increment in #BudgetAllocation, a welcome step towards building a #StrongerNation with #StrongFoundation. #BudgetSession2022 @sanjeevsanyal
Glad to see #UnionBudget2022 providing a vision for #India100 based on technology & sound foundation of #SocialDevelopmentGoals. Let’s forge that vision, and build the Bharat of our dreams. @NITIAayog #UnionBudgetUpdates #NGO #BudgetSession2022
Read 12 tweets
PLI in 14 Sectors to create 50 lakh new jobs and additional production of Rs 30 lakh Cr

Budget lays blueprint of Amritkaal

Modern Infra for India at 100 with Multi modal approach

PM GatiShakti,Energy transition, Climate Action to fuel Sustainable development

#UnionBudget2022
PM #GatiShakti Master Plan to power 25000km of Highways

Unified Logistics Interface Program for JIT Inventory Management

Railways to fuel Logistics for Small Farmers

One Station One Product for Local Businesses

2000km under Kawach

400 Vande Bharat Trains
100 Cargo Terminals
NRDP for Better Connectivity

Rs 20000Cr to boost Transport Infra

Rs 2.73 lakh Cr as Public Procurement/MSP for Wheat &Paddy

Focus on Natural,Chemical Free& Zero Budget Farming

Drones for Agriculture

ECLGS till March 2023,with total cover of Rs 5 lakh Cr

##Budget2022
#Budget
Read 17 tweets
BJP Govt is looting millions of honest #MSMES and destroying them with draconian #GabbarSinghTax. GST imposes heavy late fines and charge 18% on #GST amount.

Pandemic situation and Govt insensitivity collectively destroyed MSMEs.

#4YearsOfGabbarSinghTax
#MSMES are the backbone of the country and employment generation engines. Millions of honest taxpayers MSMES are victims of GST.

Many genuine MSME lost their business in this Pandemic and GST hammered them further to wipe them out of the market.

#4YearsOfGabbarSinghTax
2/n
GST charges 10,000 Penalty/month/return and 18% interest on principal GST amount. eg. if 100,000 GST is delayed.

GST charges 10,000 late fine + 18,000 Interest = 1,28,000.

Struggling MSMEs are made to pay 28,000 extra for 1,00,000 GST liability.

#4YearsOfGabbarSinghTax

3/n
Read 5 tweets
.@RBI गव्हर्नर @DasShaktikanta आज भारतीय रिझर्व्ह बँकेचा द्वैमासिक पतधोरण आढावा जाहीर करणार आहेत

थेट बघा, सकाळी दहा वाजतापासून :

#RBI

@nsitharaman @nsitharaman @FinMinIndia @Anurag_Office
📡थेट बघा 📡

गव्हर्नर, @RBI यांच्या पत्रपरिषदेतील प्रमुख मुद्दे:

पतधोरण आढावा विषयक निर्णय
वृद्धी तसेच चलनवाढीचे तार्किक मूल्यांकन
तरलता आणि वित्तीय बाजाराविषयी मार्गदर्शन
अतिरिक्त उपाययोजना
भविष्यासाठीचा आरबीआयचा व्यापक दृष्टिकोन.

थेट प्रसारण :
रेपो दरात काहीही बदल नसून तो 4% इतका कायम राहणार आहे

पतधोरणाची समावेशक भूमिका,
वृद्धी दर पुन्हा आणणे आणि विकासात सातत्य राखले जाईपर्यंत तसेच अर्थव्यवस्थेवरील #COVID19 चा परिणाम कमी होईपर्यंत आणि चलनवाढ निश्चित उद्दिष्टाच्या आत कायम राहिपर्यंत सुरुच राहणार आहे

- @DasShaktikanta
Read 25 tweets
.@RBI Governor @DasShaktikanta will announce the bi-monthly monetary policy statement today

Watch LIVE, from 10 AM:

#RBI
📡Live Now📡

@RBI Governor's address to cover:

Monetary policy decision and rationale
Assessment of growth and inflation
Guidance on liquidity and financial markets
Additional measures
and
Broad approach of RBI going forward

Live Now :
Policy Repo Rate to remain unchanged at 4%

Accommodative stance of monetary policy to continue as long as necessary to revive & sustain growth, to mitigate impact of #COVID19 on economy, ensure inflation remains within target

- @RBI Gov. @DasShaktikanta

Read 32 tweets
1/ I welcome you all to this important #MSMEs #Webinar which is build-up to #WIPDay2021, Ahmed Issack Hassan, @kipikenya Board Chairman @NairobiChamber @KENIAupdates @KenyaCopyright @ACAKenya @nacosti @KIE_Kenya @MSEA_Kenya @lawsocietykenya @IndustryKE @_ARIPO @WIPO
2/One of the events we are hosting to celebrate #WIPDay2021, theme is IP & SMEs: Taking your ideas to market, @ahmedissack7861 @kipikenya Chair @NairobiChamber @KENIAupdates @KenyaCopyright @ACAKenya @nacosti @KIE_Kenya @MSEA_Kenya @lawsocietykenya @IndustryKE @_ARIPO @WIPO
3/We decided to organise it before #WIPDay2021o that we can accord our #MSMEs ample time to learn from speakers, @ahmedissack7861 @kipikenya Chair @NairobiChamber @KENIAupdates @KenyaCopyright @ACAKenya @nacosti @KIE_Kenya @MSEA_Kenya @lawsocietykenya @IndustryKE @_ARIPO @WIPO
Read 68 tweets
1) Kudos, @CryptoCurryClub for the @LAB577/@XinFin_Official interview! It's packed with gems, extremely educational, & a must-listen if you are considering adding $XDC to your #Crypto portfolio. @rickcrook & @atulkhekade were great! DYOR. My comments (some speculative) below.
2) #XinFin/#XDC/@TradeFinex aims for (among other things) enterprise & institutional use case (#MSMEs, #banks). Think origination, tokenization (the Casterman mantra) & counter-party risk mitigation. Large #tradefinance consortiums will use the #XinFin/@Cordablockchain bridge.
3) "A fire has been lit and is raging," in the crypto space, says @RichardCrook. But institutions are "dripping in regulations"--IMO, one reason $XDC has been chosen is because it is regulated in some jurisdictions (see @Vinter XDC Index, @ADGlobalMarket). A definite plus!
Read 7 tweets
Today evening! Fireside Chat at #AsiaEconomicDialogue

Guest of Honour:
Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group
In Conversation with
Amb. Gautam Bambawale, Convener, Asia Economic Dialogue

Tune in at 7:30 PM IST
tinyurl.com/3rovefrm

@GBambawale @MEAIndia
Started!
Fireside chat with Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group.

He is in conversation with Amb. Gautam Bambawale, Convener, Asia Economic Dialogue

The session is LIVE at tinyurl.com/3rovefrm
#AsiaEconomicDialogue

@rameshmashelkar @GBambawale @mangalam99
"The crisis of COVID19 has been that of unprecedented magnitude. We saw very high economic gyrations. We gave primacy to the security, safety & health of our employees as well as following the protocols"

Mr. K M Birla at #AsiaEconomicDialogue, in conversation with @GBambawale
Read 8 tweets
#INTERVIEW: Dassault Group has an India software services unit offering defence #MSMEs a digital ‘trial room’ where they can test their products to bag more contracts

@3DSIndiaLab @Ravikiran_tweet

businessinsider.in/defense/news/d…

By @pabsgill Image
@3DSIndiaLab @Ravikiran_tweet @pabsgill Everyone in India knows that French fighter jet maker Dassault Aviation clinched the deal with India to deliver #Rafale, despite all the controversies surrounding it.
@3DSIndiaLab @Ravikiran_tweet @pabsgill But, did you know that its parent company, the Dassault Group, has a subsidiary that provides engineering software, much like #Microsoft and #Oracle — and has an office in India?

@3DSIndiaLab @Ravikiran_tweet
Read 10 tweets
#Budget2021: Highlights & Investment Opportunities

A thread 👇

In what was a first-of-its-kind digital-only budget amid a pandemic, the government was committed to aggressively tackle the perils of an ailing economy.

Here is an overview of sector-wise allocation: Budget 2021: Sector-wise al...
The union #budget 2021-22 was focussed on six pillars, ranging from infrastructure to healthcare and the total budget amount stood at ₹34 lakh crore!
The Insurance Act, 1938 will be amended to increase the permissible FDI limit from 49% to 74% in #Insurance Companies & allow foreign ownership and control with safeguards. #LIC will debut on the stock exchanges in 2021-22.

See Insurance Tracker:

smallcase.com/smallcase/insu…
Read 11 tweets
Banks have sanctioned Rs 1.87 lakh Cr,to 50.7 lakh units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme,#ECLGS,of @narendramodi govt💪

Rs 1.36 lakh Cr has been disbursed to over 27 lakh units in #MSME sector,impacted by slowdown caused by #coronavirus pandemic
Ambit of scheme,expanded to include #MSMEs with turnover of up to Rs 250Cr&individuals for business purposes

As of 5thOct2020,Rs 17460Cr of loans to individuals have been sanctioned,of which 5939Cr has been disbursed

#ECLGS scheme is a big success
#EconomicRecovery #GreenShoots
As many as 33 stranded housing projects with investment of 4197Cr accorded final approval under #SWAMIH scheme

Special window for Affordable&Mid Income Housing Fund #SWAMIH,is working at fast pace to provide relief to 25048 homeowners
#EconomicRecoveryOnTrack #ECLGS #GreenShoots
Read 4 tweets
As of 21 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks to #MSMEs and individuals stands at Rs 1,77,353 crore, of which Rs 1,25,425 crore has already been disbursed. Here is the break-up: #AatmanirbharBharat Image
The ambit of the Scheme was expanded to include MSMEs with turnover of up to Rs 250 crore & individuals for business purposes. As of Sept 21, 2020, Rs 9,849.74 crore of loans to individuals have been sanctioned, of which Rs 2,617.08 crore has been disbursed. #AatmanirbharBharat
Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to Rs 79,347.73 crore, of which Rs 65,051.89 crore has been disbursed as of 21 Sept 2020. Here are the bank-wise & State-wise details: #AatmanirbharBharat #MSMEs ImageImage
Read 4 tweets
நண்பர்களே, சென்ற வாரம் அரசின் திட்டங்களில் கடன் பெறுவது பற்றி அறிந்து கொண்டோம். இந்த வாரம் வங்கியில் தொழில் செய்ய கடன் பெறுவது எப்படி என பார்க்கலாம்.

இதற்கு பின்வரும் 2 கேள்விகளுக்கும் அதன் துணைக்கேள்விகளுக்கும் சரியான பதில் இருந்தால் வங்கியில் கடன் வாங்குவது சுலபம்
1. கடன் வாங்கி அந்த பணத்தை என்ன செய்வீர்கள்? (End use of funds)
2.அந்த பணத்தை எப்படி திருப்பி அடைப்பீர்கள்? (source of repayment)

இந்த கேள்விகள் பார்க்க மிக சுலபமாக தெரியும். ஆனால் உங்கள் பதிலானது நிறைய துணைக்கேள்விகளை கேட்க வைக்கும். அந்த பதிலில் இருந்தே உங்களுக்கு கடன் தருவது
பற்றி வங்கி முடிவு எடுக்கும்.

எகா. நீங்கள் ஒரு பெட்ரோல் பங்க் நடத்துகிறீர்கள். உங்கள் டேங்கின் கொள்ளளவு 50,000 லிட்டர். யாருக்கும் நீங்கள் கடன் தருவதில்லை, cash and carry business என வைத்துக் கொள்வோம். வருடம் 5 கோடி வியாபாரம் நடக்கிறது.
Read 10 tweets
Apart from historic #FarmBills to defang APMC,amendments to
#InsolvencyandBankruptcyCode,by @narendramodi gov,merit attention

IBC Bill mandates that default on repayment wef March25,2020 would not be considered for initiating insolvency proceedings for at least 6mnths-Big move
This amendment to #IBC will aid #MSMEs in particular,who may have been impacted by lockdown

Guiding principle of IBC by @narendramodi gov has been #Resolution of a distressed unit,to keep it as #GoingConcern

#Liquidation is the last resort&updated IBC Bill seeks to further that
Big highlight of #MonsoonSession is #Supplementary demand for addnl spending of 2.36 lakhCr by @narendramodi gov due to #Covid, of which 1.67 lakhCr is cash outgo

40000Cr more for #MNREGA
20000Cr for #PSBRecapitalisation
44340Cr as #RevenueDeficit grant to States&2262Cr to #SDRF
Read 4 tweets
🌄Good evening everyone!

Welcome to In Conversation with 𝐃𝐫 𝐑 𝐂𝐡𝐢𝐝𝐚𝐦𝐛𝐚𝐫𝐚𝐦, Former Principal Scientific Adviser to Govt. of India, Chairman AEC & Secretary @DAEIndia👥

🗣️Please post your recommendations, comments with #ChatwithRChidambaram
👸👸This live-tweet thread is curated by @AnamZille & @Jengovz on behalf of @spf_in

🌸🌸Opening the session with a warm welcome by @ChagunBasha @DSTCPRIISc @PrinSciAdvGoI
Read 43 tweets
#HappiestMindsIPO looking to raise 110Cr,got bids worth 58000Cr

Retail subscribed 71 times
HNI subscribed 351x
Institutional,77x

Overall,#IPO was subscribed a massive 151 times,highest for a IPO in recent history

After Aug #PMI at 52,this is yet another positive

#GreenShoots
Non-life #insurers saw 10.38% rise in premiums in Aug@Rs 17623.25Cr

General insurers saw #premium collection go up 5.57% in Aug2020 to Rs13139.63Cr

Biggest gainers in premium were standalone health insurers,who saw 36.42% rise in premiums to 1462.92Cr 💪

#GreenShoots #Economy
If one thing should have been big news,it is $40billion valuation of #YONO,SBI's digital lending platform

YONO got 2.7Cr users in just 6 months--It disburses 70Cr worth loans every day,largely to #MSMEs

YONO is biggest start up by any legacy bank,#SBI in this case💪

#economy
Read 5 tweets
As of 03 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,61,017.68 crore, of which Rs 1,13,713.15 crore has already been disbursed. Here is the break-up:
#AatmanirbharBharat #MSMEs Image
Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to Rs 78,067.21 crore, of which Rs 62,025.79 crore has been disbursed as of 03 Sept 2020. Here are the bank-wise & State-wise details: #AatmanirbharBharat #MSMEs ImageImage
Compared to 24 Aug 2020, there is an increase of Rs 5,022.06 crore in the cumulative amount of loans sanctioned & an increase of Rs 7,786.16 crore in the cumulative amount of loans disbursed by both #PSBs and private sector banks combined as on 03 Sept 2020. #AatmaNirbharBharat
Read 3 tweets
@nitin_gadkari @MotherDairyMilk My husband lost his job in May2020 in the layoff due to Covid pandemic. He worked in Reliance power(VIPL),Butibori,Nagpur. So we decided to take up the Mother Dairy franchise. I signed the franchisee contract with Mother Dairy Nagpur in the first
Week of July, alongwith all the required documents & the DDs. But the delay in completing the formalities by the H.O. Mother Dairy Nagpur is quite annoying. It's been two months but we are still waiting for the matters to proceed. I hereby appeal to you to look into this matter
& do the needful. So much for #AatmaNirbharBharat & encouraging #MSMEs!
@Dev_Fadnavis @narendramodi_in
Read 3 tweets
As of 24 Aug 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,55,995.62 crore, of which Rs 1,05,926.99 crore has already been disbursed. Here is the break-up: #AatmanirbharBharat #MSMEs Image
Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to Rs 76,765.18 crore, of which Rs 58,230.01 crore has been disbursed as of 24 Aug 2020. Here are the bank-wise & State-wise details: #AatmanirbharBharat #MSMEs ImageImage
Compared to 18 Aug 2020, there is an increase of Rs 5,236.17 crore in the cumulative amount of loans sanctioned & an increase of Rs 3,681.22 crore in the cumulative amount of loans disbursed by both #PSBs and private sector banks combined as on 24 Aug 2020. #AatmanirbharBharat
Read 3 tweets
Anidst the #COVID19 pandemic,the @narendramodi govt came out with a slew of steps to help #MSME sector-- a Rs 40000Cr fund to help distressed units by way of #Equity, Quasi-Equity& #SubordinatedDebt, guaranteed to the tune of 90% by govt's #CGTSME is easing stress!

#Modinomics💪 Image
Read👇 to know about eligibility criteria of #MSMEs that qualify, difference between #SeniorDebt & Subordinate Debt,Intetest Rate that will be charged,etc..

#economy Image
Amidst*
Read 9 tweets

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