According to FICCI s Business Confidence Survey, there was a "sharp deterioration" in the optimism level of corporate India vis-a-vis the previous survey.
For the MSME sector to thrive in the international market there is a need to focus on three important factors - reducing capital cost, power cost, and logistic cost, he said.
Synopsis
Flexiloans has so far disbursed more than Rs 1000 crore to more than 30,000 customers across 1500 cities across India. It receives over 100,000 applications per month, largely from Tier II, III and Tier IV cities in India.
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The co-lending partners plan to evaluate customer applications and disburse the loan within a TAT of 48 hours.
Fintech platform, FlexiLoans.com has partnered with Vivriti Capital to provide working capital financing of over Rs 300 crores to Micro, Small & Medium Enterprises (MSMEs) across India. MSMEs will be able to apply for these loans online and receive in-principal approval within 24-48 hours digitally without any manual intervention.
The RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals, and COVID-related health infrastructure as it announced support measures to cushion the pandemic s blow on the economy.
Updated Jan 16, 2021 | 10:13 IST
Union Road Transport & MSME Minister Nitin Gadkari on Friday said the proposal for vehicle scrappage policy has been submitted and approval is awaited which might come soon Own vehicles older than 15 years? You may have to scrap it soon; here s why | Photo Credit: ANI
Key Highlights
Under the policy all vehicles older than 15 years will have to be recycled
Final decision on the matter will be taken by the Prime Minister’s Office
New Delhi: If you own any vehicles which are older than 15 years you might have to take it to the junkyard soon.
Union Minister of Road Transport & Highways Nitin Gadkari on Friday said that his ministry submitted the proposal for vehicle scrappage policy which is likely to get government nod soon.