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Credit Guarantee for Start-Ups

EditorJanuary 8, 2019 2343 Views0

The Central government is planning to set up a Credit Guarantee Fund (CGF) for encouraging start-up companies for providing credit facilities. Incentives being provided to Startups under Startup India initiative include: • Self-Certification under 6 Labour Laws & 3 Environmental Laws • Relaxations in Public Procurement Norms • Faster exit under the Bankruptcy Code • Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application • Income Tax exemption • Exemption from Income Tax on investments received above fair market value • Funding support under the Fund of Funds for Startups • Guidance and facilitation support from Startup India Hub Department of Industrial Policy and Promotion hosted Startup In...

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MSME Banking

MSME poised for stronger performance, says Acuité Ratings & Research

EditorJanuary 5, 2019 1949 Views0

MSME poised for stronger performance, says Acuité Ratings & Research Acuité Ratings believes that the Indian MSME sector is well poised to exhibit a stronger performance over the medium term. While demonetization and introduction of GST had posed challenges, there are signs of a vibrancy coming back in the sector. Acuité’s study on a representative set of 327 MSMEs with rated debt up to Rs. 25 Cr highlights a significant growth of 27% in revenues and an almost tripling of the net profits in FY18 as compared to FY17. The liquidity position for this set of MSMEs has also improved with gross current assets dropping to 135 days as on March 2018 from 153 days as on March 2017. This is also corroborated by a MSME Pulse report published by TransUnion CIBIL & SIDBI in June 2018 wherein th...

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ExclusiveLetter to PM

Make Insurance Mandatory

EditorJanuary 5, 2019 2841 Views0

04.10.2018 To Shri: Narendra Modi Hon: Prime Minister of India New Delhi Sir Sub: Please make insurance mandatory on nominal premium through utility bills, house taxes, bank accounts etc. to cover loss of life and property. Our population size has crossed 1.25 billion. Our economy is growing fast. The Union Government is working hard to achieve a common goal of sound economic welfare for every denizen, especially the poor. While top of the pyramid is always comfortable naturally and by their choice as per their capacity, the government is increasingly focusing on the extreme bottom of the pyramid. Pradhan Mantri Suraksha Bima Yojana as well as the latest Ayushman Bharat-National Health Protection Scheme (AB-NHPS) have triggered an insurance revolution in the non-life insu...

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