HSBC's Small Business Confidence monitor surveyed the economic growth parameter and has made it evident that 69 % of SMEs in India have a stable economic outlook. The HSBC gauges the confidence level on parameters like capital investment plans, economic growth and recruitment. "Our research indicates confidence levels in the emerging markets are stable. SMEs in India are not changing their ...

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Seeing the capability of SME in executing projects, the Union ministry is considering reserving 10 percent of IT enabled projects for Small and Medium Enterprises (SMEs). The proposal is being circulated among the state governments to get a better response and to receive recommendations from stake holders. It is expected that the companies will get direct orders and even ...

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Small and medium enterprises (SME) fund is planned to be floated in next 1 ½ years with an initial corpus of Rs 100 crore by SBI Capital Markets Ltd. SBI has many SME clients who would be benefitted from this plan. So far, SMEs of the country did not witness much support from private equity (PE) players because of a low ...

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Under the Prime Minister's Employment Generation Programme (PMEGP), the government asked banks to disburse loans so as to meet its target of financing 59,714 projects in the current fiscal year. The margin money assistance is Rs 836 crore and this should help in generation of employment for 5.97 lakh persons. Since the PMEGP launch in 2008, one lakh projects have been ...

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The Uttar Pradesh industrial sector shall face more stringent financial constraints in coming days. This seems more likely in the wake of the recent hike in key policy rates of the Reserve Bank of India (RBI). The MSMEs in UP would be hit hard by this hike as it is expected that funds would get costlier for the sector. Central Bank ...

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