DHFL lenders seek a revised bid

 

1,00,000cr GST collection for Nov, increase 1,00,000cr GST from MSME/per year free of cost

 

fusion hyundai services

 

Attention Nitin Gadkari minister of MSME

 

Canara bank AGM's response to NPA resolution

 

How SBI wants to serve borrowers?

 

Union Bank DD charges

 

How many days it takes to open a current account at HDFC and how many days to close?

 

Atmanirbhar-3 Need for MSMEs support

 

How much assets are created in MSME?

 

Accidental Entrepreneur

 

Reaching 5$ trillion-dollar economy:- MSME can contribute a very large scale

 

Can MSME become a unicorn?

 

Do Banks are interested to revive industries? The government should open up for feedback

 

MSME:-ELCS is going to end by 31/10/2020?

 

Air India very poor refund policy - Beware of disinvestment

 

webinar "Purchase- Profit Center" on 17th Oct 2020 at 4pm.

 Please register for our next webinar "Purchase- Profit Center" on 17th Oct 2020 at 4pm. https://bit.ly/2SM1xLW

3 lac of emergency line of credit has only sanctioned 32000 crore as on 16/6

When the government granted an emergency line of credit only 32000crore are sanctioned indicates possibilities.

1) Banks are asking many documents, these delays.

2) entrepreneurs are not in a hurry to avails

This first possibility has a higher chance as brach level officials are reluctant and make the entrepreneur run down the pillar to post.

Personally, I would like that entrepreneur shall not use this facility as they have already made losses because of salary and other expenses during the lockdown and after unlocking, labor, supply chain and the customer may not align in first 6 months and his plans may wear of 20 to 60% during this time hence unit will make cash losses or made marginal cash generation. It may not possible to service the interest of this additional amount hence unit slipping in NPA in first 6 to 12 months chances are very high so entrepreneur may be cash loses

Penny wise Pound foolish

      Both the Central Government and RBI make policy from MSME where the intent is clear to benefit MSME.

      But RBI leaves to bank Branch to make policy with the guidelines given and this ultimately reaches branch manager

.

      Today generally branch managers are either ignorant or pretend to be ignorant and twist the interpretation which is harmful to banks' intent as they are afraid of court, CBI, and corruption.

       This is increasing a layer for the delay and this is killing MSME. Many entrepreneurs who are regular in their payment but still facing the problem of getting a loan and their ideas are dying.

Now industry secretary MSME Mr. A.K  Sharma has stated "champions" for faster grievances resolutions. This for small gains Indian Economy suffers. this needs correlation in the right spirit.

Meeting with Sri Banda Prakash garu,Srikanth (MSME World), S.K.Gupta (Entrepreneur)