The unprecedented Covid 19 crisis has led to a significant proportion of people being pushed out of jobs. As the recent CMIE report suggested, the unemployment rate is close to 8 per cent. While the ...

The cabinet on Wednesday approved a Rs 4,400-crore capital infusion in state-owned credit insurance provider ECGC Limited and its listing through an initial public offering. Commerce minister Piyush ...

The government is working on yet another economic stimulus measure which is likely to provide relief to sectors hit hard by the second wave of the pandemic. The package could include a scheme to promo...

The government has decided to tweak its emergency credit guarantee scheme to provide longer-term relief to a wider section of small business borrowers. The extent of government support, however, rema...

The government on Wednesday extended the foreign trade policy by six months till September but did not announce the rates on a duty relief scheme for exporters that was announced  in January. Exp...

The government has extended the Rs 3-lakh-crore emergency credit line guarantee scheme (ECLGS) till March 31, 2021 and has also widended the scope of the scheme to include mid-sized companies in the 2...

The government is unlikely to extend the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector beyond October even though the sanctioned amount so far is only nearly 65 pe...

Professionals, including doctors, chartered accountants and lawyers, who have taken a loan for their business needs will now be eligible for credit under the special credit guarantee scheme for MSMEs,...

The Union cabinet on Wednesday approved funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard...