Weekly News Snippet - Edition 71
Poornatha (Business & Leadership Education Company)
Business and Leadership Education Company
Key highlights:??
MSME:??
Banking:??
Finance:??
I. MSME:?
MSME Credit Boost:?The Union Budget (2025-2026) includes increased credit guarantee cover for MSMEs and revised classification criteria. Credit access is expected to improve, generating ? 1.5 lakh crore in credit. New schemes for startups and women entrepreneurs from scheduled castes and tribes will also be introduced, aiming to enhance growth and boost exports. 1?
Bank Credit to MSMEs:?Bank credit to MSMEs has been growing faster than credit disbursal to large enterprises, according to the Economic Survey tabled by Finance Minister, Smt. Nirmala Sitharaman. As of November 2024, credit to MSMEs registered a year-on-year growth of 13 per cent, whereas it stood at 6.1 per cent for large enterprises. 2
?II. Banking:?
SBI Launches Training Programme:?State Bank of India (SBI) has launched a special training programme tailored exclusively for women across its 153 Rural Self Employment Training Institutes (RSETIs). It encompasses 27 diverse training modules. This program will benefit approximately 5,200 women candidates, the bank said. 3 ? ??
Indian Bank’s Priorities:?Indian Bank has outlined key priority areas for the next three years while maintaining stable growth and improvement across all parameters. The bank’s priorities include increasing digital adoption on the liability side and raising the MSME share in its loan portfolio from 17 per cent to 20 per cent. 4? ?
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BoB Expansion Plan:?Bank of Baroda aims to double its balance sheet in five years and increase its loan market share while controlling costs, according to MD & CEO, Mr. Debadatta Chand. The bank plans to open 500 new branches within two years to boost deposit growth and disburse loans. 5?
III. Finance:?
SEBI New Chairman Search:?The Finance ministry has initiated the search for a new Sebi chairman as Ms. Madhabi Puri Buch's term ends in February. Eligible candidates must be above 50 years old with 25 years of experience in relevant fields. Ms. Puri Buch is also eligible for reappointment. 6?
NSE-Chhattisgarh MoU:?The National Stock Exchange (NSE) and Chhattisgarh government have signed a Memorandum of Understanding (MoU) to implement a skill-building program for the youth in the banking, financial services and insurance sector. NSE, with support from the Chhattisgarh government, will increase awareness and build skills in the BFSI sector across the state. 7?
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