-Livemint.com Public support measures helped India’s small businesses survive the pandemic better than feared The robust recovery of India’s economy from the profound shock of the covid pandemic has expectedly triggered debates about the nature of this recovery. While our economic recovery, as reflected in various supply and demand indicators, is acknowledged by many unbiased observers, an examination of its inclusivity is necessary. As an immediate response to the pandemic, the government put...
More »SEARCH RESULT
Total Matching Records found : 195
The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan
-Ideas for India The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing– which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme...
More »Over 500 MGNREGA Workers Protest Against Delay in Wage Payments at Jantar Mantar
-TheWire.in The workers spoke about the persistent delays in wage payments, how they did not get work when they demanded it, and how no compensation was provided when they were injured or even killed at the workplace. New Delhi: More than 500 Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers from across 15 states gathered at Jantar Mantar in the national capital on Wednesday, August 3, to protest against the delayed...
More »Lack Of Updated MSME Data Hampering Timely Funds Disbursal -Animesh Singh
-NDTV.com One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them Though government runs a host of schemes to support micro small and medium enterprises (MSMEs), which have faced the maximum brunt of the Coronavirus-induced lockdown in 2020, providing them timely and adequate funds becomes a roadblock, a fact which has been acknowledged even by the Finance Ministry. Funds are...
More »MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »
