Connect with us

Business

20,000 crore relief package may to get MSMEs.

Published

5 years ago

on

The government may soon clear a relief package of Rs 20,000 crore to help Micro Small and Medium Enterprises (MSMEs) as the sector braves the fallout of the due to coronavirus pandemic. As per sources. This fund will be divided into two separate funds — Distressed Asset Fund and Fund of Funds,

              Industry insiders believe that such funds would help turnaround the fortunes of the MSME sector in the medium and long run. As production units are shut, MSMEs are struggling to pay their workforce.

The Expenditure Finance Committee ( EFC), headed by Finance Minister Nirmala Sitharaman has cleared and forwarded the two proposals. The proposals are likely to get the green signal in the next Cabinet meeting. After approval Both the funds will get Rs 10,000 crore.

A lot of MSMEs are struggling but are “economically viable” with a potential to scale up, a ministry official said. This fund will aim for such enterprises. The government will provide “turnaround capital” to MSMEs to restart their business efficiently once the lockdown comes to an end.

The proposal states that if 10 per cent of the fund is invested as seed money, then banks — that are currently unwilling to provide equity — can restructure the way forward. Export-oriented viable entities that have the potential to manufacture goods and are globally competitive could be assisted with this fund.

The second proposal advocates utilising a facility that is already available. The second fund is for entities that have a capacity to scale up production in terms of quality and quantity.

In this category, the identified beneficiaries would get assistance in the form of even foreign funding, managed by professionals who can take the business to the next level, and list them in the stock market.Industry insiders believe that such funds would help turnaround the fortunes of the MSME sector in the medium and long run. As production units are shut, MSMEs are struggling to pay their workforce.

Industry insiders believe that such funds would help turnaround the fortunes of the MSME sector in the medium and long run. As production units are shut, MSMEs are struggling to pay their workforce.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending