educratsweb logo


Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support.  Shri Gadkari said that government is working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming time.

He was speaking at a meeting via video conferencing with the Members of Calcutta Chamber of Commerce on impact of COVID-19 on MSMEs and the measures taken to address the challenges at hand.

Addressing the members, Shri Gadkari re-iterated that these are trying times as we are waging a war against COVID-19 pandemic as well as the economic instability caused by it. He requested all the stakeholders to work in tandem and urged the industry to maintain a positive attitude during this time to tide over this crisis.

The Minister also stressed  on usage of PPE (masks, sanitizer etc.) and advised to maintain social distancing norms in personal life and at work places.

Apprising the representatives of recent announcement on Special Economic Package: Aatmanirbhar Bharat Abhiyan, he explained various support measures which has been announced for MSMEs such as collateral free automatic loan, distress fund etc. He said that all these measures will provide the required support to MSMEs to face the current economic challenges.

The Minister also informed them  that there has been restructuring of 6 lakh MSMEs till March 2020 and the Ministry is aiming to cover additional 25 lakh until December 2020. He added that the current contribution of MSMEs in export is 48%, which may be increased to 60%. He further shared that currently 11 crore jobs have been created through MSMEs and this to be increased to 5 crores.

The Union Minister mentioned that special focus towards export enhancement is the need of the hour. He further added that there is need to reduce our cost on production, logistics etc. to become economically viable. The Minister shared that the Ministry of MSME is working on two booklets to cover details about last three year’s export and import. 

Some of the questions asked and the suggestions given included: issue of delayed payment needs additional thrust to ensure timely payment to MSMEs, interest subvention of 4% should be looked at to provide support to MSMEs and safeguard them from becoming an NPA, how banks can be incentivized for proper implementation of proposed measure etc.

Shri Gadkari responded to the questions from representatives and assured all possible help from the government.

Government is exploring new financial lending institutions to support small-scale units – Shri Nitin Gadkari
Contents shared By educratsweb.com

NEET 2020: Units and Dimensions - L - 1 | NEET Physics | Unacademy NEET | Mahendra Sir #Educational - Published on Friday July 10 2020
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1 List of Holidays - 2019: Gazetted Leave - Central Government Employees Calendar
2 Simba Movie trailer Download | Talented India 
3 First arrest under GST by Karnataka tax department; trader held for issuing bogus invoices
4 Science Popularisation in West Bengal during 2018 - 2019
5 CBSE to increase questions with internal choice in class 10, 12 board exams 2019
6 Uttar Pradesh (UP) Government Calendar 2019 & Govt Holidays
7 MINISTRY OF NEW AND RENEWABLE ENERGY "PRAKRITIK URJA PURASKAR YOJNA"
8 For students, chance to meet PM Modi comes with a quiz on cleanliness
9 Bihar issues alert over bird flu outbreak, begins inspection of poultry farms, disinfection measures
10 UIDAI to set up Aadhaar Seva Kendras
11 After Swachh Bharat, in the pipeline: Jal Shakti, Nal Se Jal for all
12 Govt proposes to merge Dena Bank, Vijaya Bank and Bank of Baroda
13 Mann Ki Baat 2.0 | Programme on All India Radio (30.06.2019)
14 आरबीआई दे रहा नौकरी का सुनहरा मौका
15 Government approved 10% Reservation for Economically Backwards
16 Cabinet Ministers of India 2019
17 RRB recruitment exams to be conducted in 13 regional languages
18 Govt launches Jal Shakti Abhiyan for water conservation
19 Govt launches Jal Shakti Abhiyan to create awareness on water conservation
20 10% Quota For Economically Weak In General Category Cleared: 10 Points
21 UIDAI Stops Digital Wallets
22 Special status ends: J&K now a Union Territory with Assembly; Ladakh a separate UT
23
24 शिवराज का मप्र की राजनीति से अध्याय खत्म
25 Petrol Prices Near 90 Rupees In Mumbai, Above 80 Rupees In Other Metros
26 UPSC allows withdrawal of applications
27 PhonePe Scratch Card Offers - Chance to Earn Rs. 1000 Per Money Transfer
28 You can soon order liquor online and get it home delivered
29 CG Vyapam Recruitment 2019 : कई पदों पर भर्तियां
30 IPL auction: Learn base price of players
31 TCS switches to online test to recruit engineering graduates
32 Central contractual employees to get paid like regular staff: Report
33 Launch of official website of UT of Ladakh by its first Lt. Governor
34 Success of Digital India Initiatives a Hope for Poor and Developing Countries: Secretary General of the Commonwealth
35 How to Achieve the Common Core with Tech: Writing Strand
36 Shri Arjun Munda launches tribes India products on GeM and new website of TRIFED through video conference
37 शिवराज सरकार ने 400 संविदा कर्मचारियों को हटाया, अब रोटी के पड़े लाले
38 Ek Bharat Shrestha Bharat: National Integration Camp being held in Mandya district of Karnataka
39 Aadhaar, voter ID card, passport not proof of citizenship: Government officials
40 Text of PM's address to the nation
41 Modi govt launches PM CARES Fund! Donate to help India fight Covid-19, get tax-benefit too
42 List of Holidays - 2020: Gazetted Leave - Central Government Employees Calendar
43 Appeal to generously donate to Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)
44 CAIT to launch national e-commerce marketplace Bharatmarket for retail traders
45 MHA issues Consolidated Revised Guidelines for the Containment of COVID-19 epidemic in the Country
46 Central Govt employees selected for appointment before 2004 but joined service on or after this can now opt to be covered under old Pension scheme
47 English Rendering of Prime Minister Shri Narendra Modi’s Address to the Nation on 12.5.2020
48 On directions of the Prime Minister, Home Ministry approves release of Rs 11,092 crores under State Disaster Risk Management Fund to All States
49 PM announces special economic package; comprehensive package of Rs 20 lakh crore
50 Extension of Lockdown up to May 31, 2020
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://educratsweb.com/content.php?id=2380 http://educratsweb.com educratsweb.com educratsweb