The Marathwada Association of Small Scale Industries and Agriculture (MASSIA) has approached banks to consider a moratorium on repayment and debt restructuring, higher working capital limits, additional term loans and bills discounting or factoring. The Association has engaged the government for assistance in reviewing non-performing MSMEs assets to overcome temporary lows and help keep the units alive. ...

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Tamil Nadu has announced additional incentives on industrial investments made in distressed regions in southern districts. Previous incentive packages have attracted 29 new industries to the state, generating around Rs 37,595 crore in investments and employing over two lakh people. Tamil Nadu will also launch the Chief Minister’s Insurance Scheme this year. ...

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An MSME Credit Monitoring Cell has been formed in the Office of Development Commissioner, Ministry of Micro, Small and Medium Enterprises to monitor the loans made to Indian small business. The Credit Monitoring Cell will manage cases that have not been resolved by banks within 14 days. ...

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The Reserve Bank of India is expected to announce a 50 bps repo cut to 5 percent when it reviews monetary policy at a meeting on January 27, according to Moody’s Economy.com There is no likelihood of CRR and reverse repo. ...

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The Reserve Bank of India is encouraging Indian banks to adhere to lending guidelines that will expand capital access in both the manufacturing and service sectors.  The guidelines require institutions to extend up to Rs lakh in collateral-free loans to small businesses in India.  To receive funds, SMEs must present lenders with viable projects with growth prospects. ...

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